Investment Opportunity in Los Molinos , where opportunity knocks for savvy investors! This charming Five-Plex , newly renovated 5 Studio apartments, walking distance to shopping his property enjoys a prime location, offering convenience and accessibility to local amenities and attractions. Whether you're a seasoned investor looking to expand your portfolio or a newcomer eager to step into the real estate market, this property presents a promising opportunity. Currently, all units are fully rented, ensuring immediate returns on your investment. Don't miss your chance to capitalize on this excellent income-generating asset in a thriving rental market.
Courtesy: Keller Williams Realty Chico Area
Rare 7-Unit, 1.48 acre property with massive income potential! This is the former location of the Los Molinos Inn which was built in 1905. The current layout consists of a 2,115sf custom home built in 1971 featuring 3 bedrooms and 2.5 bathrooms along with 5 apartment units and 1 updated mobile home on a perimeter foundation. All units are on separate electric meters and have great rental history. Water is supplied by Los Molinos Water District and there are also 2 wells on the property. There are two septic systems, one for the house and one servicing the apartments. There are multiple covered parking spots and vintage barn style storage units available for tenant use. There is a tastefully designed common area separating the house, apartments and mobile home to allow for privacy. The house and apartments have metal roofs that match the rustic ranch style exterior ambiance of the property. Located just off Highway 99 near the Sacramento River and in close proximity to Interstate 5, this property provides easy access to an abundance of commuting tenants.
See the possibilities for yourself. Excellent opportunity to complete as units, or a larger home. The main home features a very large open area that was previously used as a business with two large bathrooms and a laundry area. There is also a cottage for a possible additional unit.
 |
Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Copyright 2024 Bay Area Real Estate Information Services, Inc. All rights reserved. Copyright 2024 Bay Area Real Estate Information Services, Inc. All rights reserved. |
Los Molinos is located in California. Los Molinos, California has a population of 1,928. Los Molinos is less family-centric than the surrounding county with 18.49% of the households containing married families with children. The county average for households married with children is 28.48%.
The median household income in Los Molinos, California is $43,790. The median household income for the surrounding county is $42,512 compared to the national median of $57,652. The median age of people living in Los Molinos is 41.6 years.
The average high temperature in July is 97.2 degrees, with an average low temperature in January of 37.9 degrees. The average rainfall is approximately 37.5 inches per year, with 1.8 inches of snow per year.
