Rare 13-unit multifamily investment opportunity in Ceres. 11 units currently leased residentially, 1 unit rented as on-site storage (Unit 2), and 1 RV occupant paying monthly rent (Unit 12) — all across 7 buildings on one parcel. Residential unit mix includes eight 2BD/1BA units, two studios, and one 1BD. Unit 2 has completed plans ready for submission to build out a full 2-bedroom unit, adding significant new rental income. Current gross scheduled rent of approximately $221,400/year, with additional income from garbage reimbursements. Scheduled rent increases on Units 7 and 11 effective November 1, 2026. Tenants pay their own electric on separate meters, reimburse $30/month for garbage, and split the water bill proportionally. Owner has invested $500,000+ in capital improvements, including full roof replacements across all buildings and extensive interior renovations across nearly all units. Priced for a value-add investor or 1031 exchange buyer. Financials, rent roll, and disclosure package available to qualified buyers.
Ceres is located in California. Ceres, California has a population of 49,132. Ceres is more family-centric than the surrounding county with 36.78% of the households containing married families with children. The county average for households married with children is 35.12%.
The median household income in Ceres, California is $64,153. The median household income for the surrounding county is $68,368 compared to the national median of $69,021. The median age of people living in Ceres is 31.6 years.
The average high temperature in July is 95.4 degrees, with an average low temperature in January of 39.2 degrees. The average rainfall is approximately 12.6 inches per year, with 0 inches of snow per year.
