418 Locust ST new Save Request In-Person Tour Request Virtual Tour
Turlock,CA 95380
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,400 sqft
Price per Sqft $236
MLS Listing ID 225120149
HOA Y/N No
Year Built 1960
Lot Size 0.482 Acres
Acres 0.4821
Property Sub-Type 5 or More Units
Source MLS Metrolist
Property Description
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.
Location
State CA
County Stanislaus
Area 20304
Direction From Hwy 99, exit Fulkerth Rd east. Turn right on Main St, then left on Locust St to property.
Interior
Heating Wall Furnace
Laundry In Each Unit
Exterior
Utilities Available Other
Water Access Desc Public
Building
Lot Description Sidewalk,Landscape Front,Other
Foundation Concrete
Sewer Public Sewer
Water Public
Architectural Style A-Frame
Schools
Elementary Schools Turlock Unified
Middle Schools Turlock Unified
High Schools Turlock Unified
School District Stanislaus
Others
Senior Community No
Tax ID 050-027-040-000
Special Listing Condition None