Two Homes on One
1022 4th Los Banos, CA 93635
1022 4th, Los Banos, CA, 93635
$510,000
For Sale
$510,000
Two homes on a single lot with income potential.
Property Size2,015 SF
Price / SF$253.10
Days on Market326
Property Features for 1022 4th
General Information
- Standard status
- Active
- Size
- 2,015 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1930
Listing Agency
Hoekstra & Associates Inc
(310) 849-1528
Listed by
Jaime Martinez
(310) 849-1528
Source
Kw
Added: Aug 25, 2025 Checked: Jul 16 at 8:32 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hoekstra & Associates Inc
Investment Insights
Based on property information with market context.
The property at 1022 4th St in Los Banos features two homes situated on a single lot. The lot size is 7501 square feet. Each home includes 2 bedrooms and 1 bathroom. There is one detached garage space. The annual gross income is $51,600. Tenants are responsible for covering all utility costs, including water, trash, gas, and electricity. The buyer is responsible for verifying the unit sizes.
Key Highlights
- High annual gross income of $51,600.
- Two homes on one lot.
- Tenants cover all utilities (water, trash, gas, and electricity).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.9k | $19.80 |
| − Vacancy | −$2.2k | −$1.09 |
| EGI | $37.7k | $18.71 |
| − OpEx | −$11.3k | −$5.61 |
| NOI | $26.4k | $13.10 |
2,015 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$377.0K
$329.9K – $439.9K
NOI $26,392 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$350.1K
$306.4K – $408.5K
NOI $24,510 @ 7.0% cap · market cap 4.81%
Theoretical Best
Healthcare Medical
$444.6K
$389.0K – $518.7K
NOI $31,120 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two homes on a single lot with income potential.
Where is this duplex located?
The property is located at 1022 4th Los Banos, CA.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: High annual gross income of $51,600.; Two homes on one lot.; Tenants cover all utilities (water, trash, gas, and electricity).
