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Bryan Powell

[email protected] +1(916) 521-4687

$ 5,795,000

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133 W I ST Los Banos, CA 93635

26,400 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 26,400 sqft

Price per Sqft $219

MLS Listing ID 225071372

HOA Y/N No

Year Built 1963

Lot Size 1.300 Acres

Acres 1.3

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

THIS PROPERTY IS BEING SOLD TOGETHER WITH 233 W I Street, Los Banos (APN# 027-072-003). First Commercial is excited to present Las Palmas Apartments, a well-established 32-unit complex nestled in the burgeoning agricultural community of Los Banos, California. This property boasts a desirable mix of spacious two-bedroom units spread across eight buildings, situated on over an acre of land across two parcels. Recently, the property has undergone extensive renovations, enhancing both its structural integrity and aesthetic appeal. Significant improvements include comprehensive dry rot repairs, new roof, and stucco enhancements across all buildings. Structural upgrades to decks and roof overhangs have been completed, adhering to engineers' recommendations. Modern wrought railings have been installed to meet current safety codes, alongside upgraded security measures, including monitoring cameras and high-efficiency exterior LED lighting. Additional updates encompass extensive roof repairs on all carports, fresh paint for all structures, and the conversion of a storage unit into a fully functional, conditioned office with a bathroom, ensuring a welcoming environment for residents and management alike.

Location

State CA

County Merced

Area 20411

Direction From HWY 152 turn onto West I Street. Property is on the right.

Interior

Heating Wall Furnace

Cooling Wall Unit(s)

Flooring Carpet, Vinyl, Varies by Unit, Other

Window Features Dual Pane Full

Appliance Free Standing Refrigerator, Electric Cook Top, Varies By Unit, Free Standing Electric Oven

Laundry Coin Operated, Washer/Dryer Leased, In Common Area

Exterior

Parking Features Covered

Utilities Available City, Electric

Water Access Desc Public

Roof Type Flat

Total Parking Spaces 42

Building

Lot Description Curb(s), Landscape Front

Story 2

Foundation Other

Sewer Public Sewer

Water Public

Schools

Elementary Schools Los Banos Unified

Middle Schools Los Banos Unified

High Schools Los Banos Unified

School District Merced

Others

Senior Community No

Tax ID 027-072-005

Special Listing Condition None

Listed by RCB Real Estate

Bryan Powell

Broker | CA DRE#02003689

+1(916) 521-4687

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Bryan Powell

133 W I ST Los Banos, CA 93635

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133 W I ST