NOT LISTED FOR SALE

1821 Central Ave Ceres, CA 95307

8 Beds
4 Baths
3,600 Sq Ft
0.64 Acres

Last Sold May 12, 2020

Last sale price $1,050,000 $292 Per Sq Ft

36 Days on Market

Highlights

  • No HOA
  • Double Pane Windows
  • 1-Story Property

About This Home

As of May 2020

This property consists of four duplexes for a total of 8 units and sits within a half mile of Highway 99. Each unit is a 2-bedroom and equipped with a single car garage, in-unit washer and dryer hookups, and recently remodeled kitchens in some units. Tenants are within walking distance to the Elementary School, High School, and Downtown Ceres, where you'll find local shops, bars and restaurants. Just over a mile away tenants have access to several national retailers including Home Depot, Ross, Big 5, Starbucks, and many more. This property offers significant upside to prospective buyers via increasing rents to market, implementing a utility bill back system, and the potential of converting units to 3-bedrooms. This is a rare opportunity with the average price per unit on duplexes in the area selling for over $150,000 per unit.

Last Agent to Sell the Property

Andy Hodgson

Colliers Parrish Inten'l Inc. License #01796017 Listed on: 01/21/2020

Last Buyer's Agent

Andy Hodgson

Colliers Parrish Inten'l Inc. License #01796017 Listed on: 01/21/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.64 Acre Lot

Parking

  • 8 Car Garage
  • 1 Parking Space Included

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 040-015-005

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • 8 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

8

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1963
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Range,Free Standing Gas Range,Free Standing Refrigerator,Varies By Unit
  • Other Equipment: Varies by Unit,None
  • Flooring: Carpet,Laminate,Tile,Varies by Unit
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Frame,Stucco
  • Disclosures/Documents: Rental/Lease Agmts,None
  • Listing Price: 1100000.00
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 8
  • Parking Features: Garage,1+ Space Per Unit

Utilities

  • Cooling: Ceiling Fan(s),Evaporative Cooler,Window Unit(s)
  • Heating: Wall Furnace,Varies by Unit

Condo/Co-op/Association

  • Association Features: Public Trans Nearby,Yard Space
  • Association: No

Schools

  • Senior High School District: Ceres Unified

Lot Info

  • Zoning Description: R-3
  • Lot Size Acres: 0.6400
  • Lot Size Sq Ft: 27878

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total # Leasable: 8

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 8
  • Number of Month to Month Units: 8
  • Number of Units: 8
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 040-015-005
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2020 05/12/20 Sold $1,050,000 -4.5% $292 / Sq Ft
02/26/2020 02/26/20 Pending -- -- --
01/21/2020 01/21/20 For Sale $1,100,000 -- $306 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Andy Hodgson

    Seller's Agent in 2020

    Andy Hodgson

    Colliers Parrish Inten'l Inc.

    (209) 475-5110

    52 Total Sales

    Andy Hodgson
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Map

Source: MetroList

MLS Number: 20003729

MetroList
California Stanislaus County Ceres 95307

1821 Central Ave, Ceres, CA

Not Listed for Sale

MultiFamily

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