Multifamily Property with Parking
New
For Sale
$2,200,000
3836 El Camino Ave, Ceres, CA 95307
The property includes a parking lot and interior units with ceiling fans, wall/window units, baseboard heating, and kitchen appliances.
Property Size6,000 SF
Price / SF$366.67
Days on Market2
Property Features for 3836 El Camino Ave
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
Ceiling Fan(s), Wall/Window Unit(s)
Baseboard
Range, Free-Standing Range, Refrigerator
Parking Lot
Building Details
Building Size
6,000 SF
Year Built
1946
Listed By:
Yusuf Nafey
(925) 876-1161
Source:
Evrealestate
Added: Sep 24
Last Checked: Sep 24 at 3:04PM
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 Yusuf Nafey
Investment Insights
Based on property information with market context.
Built in 1946, this multifamily property contains 6,000 square feet. Interior features include ceiling fans, wall/window units, baseboard heating, and a range and refrigerator. A parking lot serves the property.
The address is 3836 El Camino Ave in Ceres, Stanislaus County. From CA-99 South, the directions specify exit 222 toward Whitmore Avenue, then a right onto El Camino Avenue; the destination is on the left.
The address is 3836 El Camino Ave in Ceres, Stanislaus County. From CA-99 South, the directions specify exit 222 toward Whitmore Avenue, then a right onto El Camino Avenue; the destination is on the left.
Key Highlights
- 6,000‑square‑foot multifamily property
- Built in 1946
- Parking lot on site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,903
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,498,060
$1.5M
Cap Rate 7%
$1,070,043
$1.1M
Cap Rate 9%
$832,256
$832.3K
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$139.7K $23.28/SF
− Vacancy
−$3.5K −$0.58/SF
EGI
$136.2K $22.70/SF
− OpEx
−$61.3K −$10.21/SF
NOI
$74.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,498,060
Cap Rate 7%
$1,070,043
Cap Rate 9%
$832,256
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$936.3K – $1.25M
NOI $74,903 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,212 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Explore this area
Business Placement
Demographics for 95307, CA
46,346
Population
13,221
Households
3.5
Avg Household Size
33
Median Age
13%
College-Educated
73%
High-School Grad
32.8 sq mi
ZIP Area
1,413
Density / Sq Mi
$77,101
Median Household Income
$37,567
Median Earnings
$1,455
Median Rent
$402,300
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?
Multifamily property - The property includes a parking lot and interior units with ceiling fans, wall/window units, baseboard heating, and kitchen appliances.
Where is this multifamily property located?
The property is located at 3836 El Camino Ave Ceres, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 6,000‑square‑foot multifamily property; Built in 1946; Parking lot on site
