418 Locust Street, Turlock, CA 95380
Local realty services provided by:ERA Carlile Realty Group
418 Locust Street,Turlock, CA 95380
$1,275,000
- - Beds
- - Baths
- 5,400 sq. ft.
- Multi-family
- Pending
Listed by: alexander espinoza
Office: atlantic realty
MLS#:225120149
Source:MFMLS
Price summary
- Price:$1,275,000
- Price per sq. ft.:$236.11
About this home
Welcome to the Locust Street Apartments, a well-positioned multifamily asset located in the heart of Turlock just off Main St. & Lander. The property consists of nine 1-bedroom, 1-bathroom units situated on 0.48 acres, offering both stability and upside potential. The owner has fully remodeled seven of the nine units, with upgrades including tile flooring, granite countertops, new shower surrounds, and other modern finishes, while the remaining two units have been partially renovated. With a long- term, stable tenant base with an average of over five years of residency, this turnkey property provides reliable cash flow. Additionally, current lease rates are approximately 18% below market, ensuring strong rent growth potential and maximizing returns for the foreseeable future.
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Home facts
- Year built:1960
- Listing ID #:225120149
- Added:65 day(s) ago
- Updated:November 17, 2025 at 08:11 AM
Rooms and interior
- Living area:5,400 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Wall Unit(s), Window Unit(s)
- Heating:Wall Furnace
Structure and exterior
- Year built:1960
- Building area:5,400 sq. ft.
- Lot area:0.48 Acres
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,275,000
- Price per sq. ft.:$236.11
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