116 W Yosemite Ave, Manteca, CA

This mixed-use property features two ground-floor retail storefronts and 18 residential units, including 16 SRO units and 2 one-bedroom/one-bath units. The property benefits from diversified income streams. Both retail units are currently leased below market value, with one tenant on a month-to-month lease, offering the flexibility to adjust rents, secure new tenants, or reposition leases into NNN structures. There is an opportunity to implement a Ratio Utility Billing System (RUBS) to reduce ownership's overhead utility expenses and increase net operating income. An on-site manager provides daily oversight, ensures smooth operations, and supports long-term tenant retention and property stability. A rare and highly desirable feature in Downtown Manteca is the on-site parking, which provides convenient access for both tenants and customers, enhancing tenant retention, customer traffic, and long-term property value. The property has a strong historical occupancy with consistent residential demand and cash flow, with upside potential through proactive lease management. The property is located at the corner of Yosemite Ave & Main St, one of Downtown Manteca's busiest intersections, and is surrounded by national tenants including Wells Fargo, Bank of America, Chase, AutoZone, and Taco Bell. The property is benefiting from city investments in streetscape improvements, transit upgrades, business incentives, and a growing dining and entertainment scene. It is also located minutes from Highway 99 and the future ACE commuter rail extension, positioning the property to capture regional growth and rising rental demand. The property offers value-add opportunities through retail rent adjustments, RUBS implementation, lease restructuring, and potential cosmetic upgrades to residential units. The property size is 10436 square feet.