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Fully Renovated & Seller Carry Loan Available 631-637 I St 11 Unit Apartment Building $1,450,000 ($131,818/Unit) 6.04% Cap Rate Los Banos, CA 93635

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INVESTMENT HIGHLIGHTS

Eleven Total Units Comprised of Seven 1bd/1bth Units Two 2bd/1bth Units, and Two Commercial Units
Amenities Include Fully Updated and Remodeled Kitchens and Bathrooms, New Flooring, Electrical Upgrades, HVAC Repairs, New Doors and Windows

Strong Upside Potential and Multiple Value-add Components, Including Two Approved ADU Plans, and a Vacant Commercial Unit To Increase Cash Flow
Seller Financing Available!

EXECUTIVE SUMMARY

The Pinza Group is pleased to present 631-633 I St in downtown Los Banos, a renovated mixed use property with 11 units (7 1bd/1bth, 2 2bd/1bth, and 2 commercial). Updates include new kitchens, remodeled bathrooms, flooring, electrical systems, doors, and windows. The property also features HVAC repairs, security enhancements, and outdoor improvements like resurfaced asphalt and a secure backyard. Conveniently located near Highway 152, shops, and parks, it offers a comfortable living space with modern amenities in a quiet, small-town setting. Tenants currently cover their own gas and electric expenses, reducing operating costs for potential future owners. The only cost the owner needs to cover is water and trash removal. It has a vacant commercial unit that offers strong value-added opportunity and approved ADU plans for two additional units and room for rent to increase cash flow.

PROPERTY FACTS

Price	$1,450,000	Apartment Style	Low-Rise
Price Per Unit	$131,818	Building Class	C
Sale Type	Investment	Lot Size	0.17 AC
Cap Rate	6.04%	Building Size	4,562 SF
No. Units	11	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1939/2023
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential Multifamily Dormitory	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,450,000
Price Per Unit	$131,818
Sale Type	Investment
Cap Rate	6.04%
No. Units	11
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential Multifamily Dormitory
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.17 AC
Building Size	4,562 SF
No. Stories	2
Year Built/Renovated	1939/2023
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.