220 W K Street Los Banos, CA 93635

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Great investment opportunity! Rent values are on the rise in Los Banos! Right in the heart of Los Banos is an excellent investment opportunity with a cap rate of 6% with upward potential to 7+% (once all unit rents reach market value.) 2 buildings with 4-units in each, totaling 6, 600 sq.ft.. Updates vary by unit with 825 ft. each - 2 BR/1 BA. 3 units recently remodeled!! Upgrades include dual pane windows, new carpet, recently painted, updated cabinets, granite countertops, updated vanity cabinet/sinks and tile floors. All eight units feature central heat/air systems. Units are on separate electric meters. Shared coin laundry. All units are currently rented on a month-to-month basis. **Additional BIG OPPORTUNITY** - Seller has obtained permitting for a 2 unit 1bd/1bth 1040 sqft ADU. The permits, designs and all licensing has been paid by the owner --a $20, 000 savings in cost to buyer. RFP have been sent out for construction proposals and there are interested builders ready to start. (More pictures and video coming soon!)