Great investment opportunity! Rent values are on the rise in Los Banos! Right in the heart of Los Banos is an excellent investment opportunity!! 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.
Courtesy: Capital Estates Realty
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Los Banos is located in California. Los Banos, California has a population of 44,421. Los Banos is more family-centric than the surrounding county with 43.6% of the households containing married families with children. The county average for households married with children is 33.05%.
The median household income in Los Banos, California is $69,607. The median household income for the surrounding county is $58,861 compared to the national median of $69,021. The median age of people living in Los Banos is 29 years.
The average high temperature in July is 95 degrees, with an average low temperature in January of 38.1 degrees. The average rainfall is approximately 10 inches per year, with 0 inches of snow per year.
