6767 California St Winton, CA 95388

This exceptional 42-unit apartment building, located at 6767 California St, Winton, CA 95388, presents a compelling investment opportunity. Boasting a substantial 82,764 square foot lot, this property offers significant potential for future development or expansion. Built in 1981, the building comprises 2,544 square feet and features 42 units, each a one-bedroom, one-bathroom apartment. The property's current asking price is $3,822,000, translating to $91,000 per unit and $1,502.36 per square foot. The property enjoys a current cap rate of 6.39%, with a pro-forma cap rate projected at 11.17%. Conveniently located in Merced County, the property benefits from onsite laundry facilities, generating additional revenue streams for the owner. The property's APN is 146-173-022-000. This multifamily investment offers a strong return on investment in a thriving California community. The property's size and unit count provide a solid foundation for long-term growth and profitability. This is an ideal opportunity for investors seeking a stable and high-yielding asset in a desirable location. Serious inquiries are encouraged.