Tenant-Occupied
For Sale
$745,000
24 8th Street, Gonzales, CA 93926
Three occupied units create a compact multifamily property with month-to-month tenancy.
Property Size2,153 SF
Price / SF$346.03
Days on Market48
Property Features for 24 8th Street
General Information
Standard status
Active
Size
2,153 SF
Property subtype
Multi Family
Occupancy
100%
Additional Details
Gross Income
$46,800
Multifamily Units
3
Building Details
Year Built
1935
Listing Agency:
BHGRE Haven Properties
Listed By:
April Whitehead · License #01268491
(831) 262-7132
Source:
Exitrealty
Added: Sep 2
Changed: Sep 15
Last Checked: Sep 15 at 6:05AM
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 BHGRE Haven Properties
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Investment Insights
Based on property information with market context.
This 2,153-square-foot triplex at 24 8th Street in Gonzales, California, contains three residential units, each currently occupied by a tenant. The property was built in 1935 and offers a three-unit configuration suited to multifamily ownership.
All leases are month-to-month, providing flexible tenancy arrangements for the next owner. Matterport 3D tours are available for each of the three units, allowing remote review of the interiors.
All leases are month-to-month, providing flexible tenancy arrangements for the next owner. Matterport 3D tours are available for each of the three units, allowing remote review of the interiors.
Key Highlights
- Three‑unit triplex with all units tenant‑occupied
- 2,153 square feet of multifamily space
- Month‑to‑month leases across all three units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,605
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,100
$752.1K
Cap Rate 7%
$537,214
$537.2K
Cap Rate 9%
$417,833
$417.8K
Market Conditions
NOI Build-Up for 2,153 SF
Gross rent
$55.0K $25.56/SF
− Vacancy
−$1.3K −$0.61/SF
EGI
$53.7K $24.95/SF
− OpEx
−$16.1K −$7.49/SF
NOI
$37.6K $17.47/SF
Area
Monterey County, CA
Vacancy
2.38%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,100
Cap Rate 7%
$537,214
Cap Rate 9%
$417,833
Alternative Uses
Best Use
Multifamily LT 5
$537.2K
$470.1K – $626.8K
NOI $37,605 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$494.8K
$433.0K – $577.3K
NOI $34,636 @ 7.0% cap · market cap 4.65%
Theoretical Best
Specialty Retail
$822.1K
$719.3K – $959.1K
NOI $57,546 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 93926, CA
9,187
Population
2,454
Households
3.7
Avg Household Size
30
Median Age
9%
College-Educated
61%
High-School Grad
67.2 sq mi
ZIP Area
137
Density / Sq Mi
$77,418
Median Household Income
$41,839
Median Earnings
$1,515
Median Rent
$597,600
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
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied units create a compact multifamily property with month-to-month tenancy.
Where is this triplex located?
The property is located at 24 8th Street Gonzales, CA.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Three‑unit triplex with all units tenant‑occupied; 2,153 square feet of multifamily space; Month‑to‑month leases across all three units
