NOT LISTED FOR SALE

1873 Carter Way Atwater, CA 95301

12 Beds
8 Baths
5,016 Sq Ft
0.45 Acres

Last Sold January 24, 2025

Last sale price $830,000 $165 Per Sq Ft

4 Days on Market

Highlights

  • 0.45 Acre Lot
  • Central Heating
  • 1-Story Property
  • Laundry Room

About This Home

As of January 2025

Discover this well-maintained fourplex in the heart of Atwater, an ideal addition to your investment portfolio. Boasting three updated units, each equipped with separate water meters, this property offers convenience for tenants and efficiency for owners. With a strong 7.1% cap rate, it’s a standout opportunity in today’s market.

Key highlights include a new roof that adds long-term value and peace of mind, plus proximity to shopping, activities, and easy freeway access. The fourth unit is a blank slate, offering potential for value-add upgrades.

Don’t miss out on this rare opportunity to own a solid, income-producing property in a prime Atwater location. Schedule your showing today!

Last Agent to Sell the Property

Eric Jaurique-Pouncey

BHGRE Everything Real Estate Brokerage Phone: 209-769-3934 License #02154006 Listed on: 11/11/2024

BHGRE Everything Real Estate

Last Buyer's Agent

Ranjeet Singh

Keller Williams Property Team License #01351073

Keller Williams Property Team

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 0.45 Acre Lot
  • No Common Walls

Parking

  • 2 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 5,016 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Additional Features

  • Urban Location
  • Central Heating

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 002281001000
  • $499 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $2,400
  • Maintenance Expense $5,000
  • Pest Control $1,200
  • Trash Expense $3,000
  • New Taxes Expense $7,024
  • Operating Expense $18,624
  • Gross Income $79,200
  • Net Operating Income $60,576

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 212500
  • Property Attached: No
  • Zoning: P-D 2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 002281001000
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 165.47

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Closet
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 19611.00
  • Lot Size Acres: 0.4502

Multi Family

  • Average3 Bed Area: 1254 Square Feet
  • Gross Income: 79200.00
  • Gross Scheduled Income: 79200.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 19611.0000 Square Feet
  • Maintenance Expense: 5000.00
  • Net Operating Income: 60576.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 18624.00
  • Rent Control: No
  • Total Expenses: 18624.00

Tax Info

  • New Taxes Expense: 7024.00
  • Tax Census Tract: 6.02
  • Tax Lot: 1
  • TaxOtherAnnualAssessmentAmount: 499.00

Range of Values:

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List 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 Change Sq Ft Price
01/24/2025 01/24/25 Sold $830,000 -2.4% $165 / Sq Ft
11/15/2024 11/15/24 Pending -- -- --
11/11/2024 11/11/24 For Sale $850,000 +38.2% $169 / Sq Ft
02/17/2021 02/17/21 Sold $615,000 -2.4% $123 / Sq Ft
01/07/2021 01/07/21 Pending -- -- --
01/07/2021 01/07/21 For Sale $629,900 -- $126 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC24232070

California Regional Multiple Listing Service (CRMLS)

APN: 002-281-001