418 Locust St Turlock, CA 95380
Downtown Turlock NeighborhoodEstimated payment $7,172/month
Highlights
- 0.48 Acre Lot
- No HOA
- 1-Story Property
- A-Frame Home
- Landscaped
About This Home
Welcome to the Locust Street Apartments, a well-positioned multifamily asset located in the heart of Turlock just off Main St. & Lander. The property consists of nine 1-bedroom, 1-bathroom units situated on 0.48 acres, offering both stability and upside potential. The owner has fully remodeled seven of the nine units, with upgrades including tile flooring, granite countertops, new shower surrounds, and other modern finishes, while the remaining two units have been partially renovated. With a long- term, stable tenant base with an average of over five years of residency, this turnkey property provides reliable cash flow. Additionally, current lease rates are approximately 18% below market, ensuring strong rent growth potential and maximizing returns for the foreseeable future.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,542
Year Built
- Built in 1960
Lot Details
- 0.48 Acre Lot
- Landscaped
Home Design
- A-Frame Home
- Concrete Foundation
- Frame Construction
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 5,400 Sq Ft Home
- 1-Story Property
- Laundry in unit
Utilities
- Wall Furnace
Listing and Financial Details
- Assessor Parcel Number 050-027-040-000
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 9 Units
Building Details
- 9 Leased Units
- 9 Units Leased Month-To-Month
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,542 | $422,539 | $72,432 | $350,107 |
| 2023 | $4,535 | $414,255 | $71,012 | $343,243 |
| 2022 | $4,478 | $406,133 | $69,620 | $336,513 |
| 2021 | $4,412 | $398,170 | $68,255 | $329,915 |
| 2020 | $4,382 | $394,089 | $67,556 | $326,533 |
| 2019 | $4,308 | $386,363 | $66,232 | $320,131 |
| 2018 | $4,305 | $378,788 | $64,934 | $313,854 |
| 2017 | $4,204 | $371,361 | $63,661 | $307,700 |
| 2016 | $3,926 | $364,080 | $62,413 | $301,667 |
| 2015 | $3,893 | $358,612 | $61,476 | $297,136 |
| 2014 | $3,854 | $351,588 | $60,272 | $291,316 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/15/2025 09/15/25 | Pending | -- | -- | -- |
| 09/12/2025 09/12/25 | For Sale | $1,275,000 | +264.3% | $236 / Sq Ft |
| 05/01/2013 05/01/13 | Sold | $350,000 | -20.3% | $146 / Sq Ft |
| 03/06/2013 03/06/13 | Pending | -- | -- | -- |
| 08/24/2012 08/24/12 | For Sale | $439,000 | -- | $183 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Available | |
| Grant Deed | -- | None Available | |
| Grant Deed | $350,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $526,500 | Unknown | |
| Closed | $469,876 | Commercial | |
| Previous Owner | $300,000 | Commercial |
Source: MetroList
MLS Number: 225120149
APN: 050-27-40
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