Two Homes on One
For Sale
$510,000
1022 4th Los, Los Banos, CA 93635
Two homes on a single lot with income potential.
Property Size2,015 SF
Price / SF$253.10
Days on Market417
Property Features for 1022 4th Los
General Information
Standard status
Active
Size
2,015 SF
Property subtype
Duplex
Amenities
Wall/Window Unit
Wall Heater
Patio, Porch, Composition
Building Details
Building Size
2,015 SF
Year Built
1930
Stories
1
Listing Agency:
Hoekstra & Associates Inc
Listed By:
Jaime Martinez · License #01971583
(310) 849-1528
Source:
Kw
Added: Aug 25, 2025
Changed: Sep 30
Last Checked: Oct 12 at 5:22PM
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).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,392
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,840
$527.8K
Cap Rate 7%
$377,029
$377.0K
Cap Rate 9%
$293,244
$293.2K
Market Conditions
NOI Build-Up for 2,015 SF
Gross rent
$39.9K $19.80/SF
− Vacancy
−$2.2K −$1.09/SF
EGI
$37.7K $18.71/SF
− OpEx
−$11.3K −$5.61/SF
NOI
$26.4K $13.10/SF
Area
Merced County, CA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,840
Cap Rate 7%
$377,029
Cap Rate 9%
$293,244
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 authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,134
Businesses Nearby
Explore this area
Business Placement
Demographics for 93635, CA
48,510
Population
14,835
Households
3.3
Avg Household Size
32
Median Age
13%
College-Educated
71%
High-School Grad
390.7 sq mi
ZIP Area
124
Density / Sq Mi
$70,666
Median Household Income
$38,237
Median Earnings
$1,505
Median Rent
$423,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
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 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).
