Two-Residence Multifamily
New
For Sale
$619,000
1087 Souza St, Turlock, CA 95380
The corner-lot property pairs remodeled homes with separate outdoor areas and off-street parking.
Property Size1,814 SF
Price / SF$341.23
Days on Market2
Property Features for 1087 Souza St
General Information
Standard status
Active
Size
1,814 SF
Property subtype
Multi Family Home
Zoning
res
Additional Details
Gross Income
$50,000
Multifamily Units
2
Tenant in Place
Yes
Amenities
private outdoor areas
Building Details
Building Size
1,814 SF
Year Built
1947
Buildings
2
Stories
1
Listing Agency:
Beycome Brokerage Realty Inc.
Listed By:
Jeffrey Sklar · License #471022783
(702) 763-2222
Source:
Firesiderealty
Added: Oct 23
Last Checked: Oct 23 at 3:19PM
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 Beycome Brokerage Realty Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two detached residences comprise this multifamily property, with a combined 1,814 square feet. Improvements include remodeled kitchens with new cabinetry, quartz countertops, composite sinks and stainless steel appliances, along with updated bathrooms featuring extensive tile finishes. Porcelain tile flooring and updated lighting are also present. The homes were built in 1947 and are zoned residential.
Both residences have long-term housing-voucher tenants who renewed their leases for an additional two-year term. Each home has a private outdoor area, and off-street parking is available on the corner lot. The properties are located at 1087 Souza St and 238 Almond Ave in Turlock.
Both residences have long-term housing-voucher tenants who renewed their leases for an additional two-year term. Each home has a private outdoor area, and off-street parking is available on the corner lot. The properties are located at 1087 Souza St and 238 Almond Ave in Turlock.
Key Highlights
- Two detached residences totaling 1,814 square feet
- Corner‑lot configuration with off‑street parking
- Both housing‑voucher households renewed for an additional two‑year term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,646
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,920
$452.9K
Cap Rate 7%
$323,514
$323.5K
Cap Rate 9%
$251,622
$251.6K
Market Conditions
NOI Build-Up for 1,814 SF
Gross rent
$42.2K $23.28/SF
− Vacancy
−$1.1K −$0.58/SF
EGI
$41.2K $22.70/SF
− OpEx
−$18.5K −$10.21/SF
NOI
$22.6K $12.48/SF
Area
Stanislaus County, CA
Vacancy
2.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,920
Cap Rate 7%
$323,514
Cap Rate 9%
$251,622
Alternative Uses
Best Use
Apartment 5plus
$323.5K
$283.1K – $377.4K
NOI $22,646 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$843.1K
$737.7K – $983.7K
NOI $59,019 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
Explore this area
Business Placement
Demographics for 95380, CA
42,912
Population
15,682
Households
2.7
Avg Household Size
34
Median Age
18%
College-Educated
73%
High-School Grad
77.2 sq mi
ZIP Area
556
Density / Sq Mi
$68,308
Median Household Income
$39,002
Median Earnings
$1,348
Median Rent
$410,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - The corner-lot property pairs remodeled homes with separate outdoor areas and off-street parking.
Where is this multifamily property located?
The property is located at 1087 Souza St Turlock, CA.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Two detached residences totaling 1,814 square feet; Corner‑lot configuration with off‑street parking; Both housing‑voucher households renewed for an additional two‑year term
