Two-Home Multifamily
For Sale
$475,000
16700 Ward Road, Los Banos, CA 93635
Two detached residences each include a garage, with well water serving the property.
Property Size1,632 SF
Price / SF$291.05
Days on Market25
Property Features for 16700 Ward Road
General Information
Standard status
Active
Size
1,632 SF
Property subtype
Multi Family Home
Zoning
A-1
Additional Details
Multifamily Units
2
Building Details
Building Size
1,632 SF
Year Built
1949
Buildings
2
Listing Agency:
Aldina Real Estate, Inc.
Listed By:
Aldina Maciel · License #01121286
(831) 840-1360
Source:
Equityfirstre
Added: Oct 3
Changed: Oct 26
Last Checked: Oct 26 at 3:34AM
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 Aldina Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This multifamily property comprises two houses, each configured with two bedrooms and one bathroom. Both residences have a one-car garage, and the property includes additional parking. The combined property size is 1,632 square feet, and the homes were built in 1949.
Located in the countryside of Los Banos, the property is near shopping and schools. It is zoned A-1 and has a property-owner-owned well supplying water.
Located in the countryside of Los Banos, the property is near shopping and schools. It is zoned A-1 and has a property-owner-owned well supplying water.
Key Highlights
- Two houses, each with 2 bedrooms and 1 bathroom
- Each residence has a one‑car garage
- Combined property size of 1,632 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,851
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,020
$397.0K
Cap Rate 7%
$283,586
$283.6K
Cap Rate 9%
$220,567
$220.6K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$38.0K $23.28/SF
− Vacancy
−$1.9K −$1.16/SF
EGI
$36.1K $22.12/SF
− OpEx
−$16.2K −$9.95/SF
NOI
$19.9K $12.16/SF
Area
Merced County, CA
Vacancy
5.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,020
Cap Rate 7%
$283,586
Cap Rate 9%
$220,567
Alternative Uses
Best Use
Apartment 5plus
$283.6K
$248.1K – $330.9K
NOI $19,851 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$360.1K
$315.1K – $420.1K
NOI $25,205 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two detached residences each include a garage, with well water serving the property.
Where is this multifamily property located?
The property is located at 16700 Ward Road Los Banos, CA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two houses, each with 2 bedrooms and 1 bathroom; Each residence has a one‑car garage; Combined property size of 1,632 square feet
