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1638 Parker Ave
Tracy, CA 95376
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Strong Upside
- Well Maintained Property- Original Owners
- 8 Total Units Mixed Use
EXECUTIVE SUMMARY
This exceptional 8-unit income property including a commercial building offers a rare opportunity to acquire a pride-of-ownership asset from the original owners. The property has been meticulously maintained over decades, reflecting careful stewardship and long-term stability.
The residential component consists of seven units with a desirable and diverse unit mix. The property includes a 3-bedroom, 2-bath single-family residence of approximately 1,500 square feet, featuring a kitchen, dining room, living room, small storage room, and an oversized two-car garage, providing flexibility for owner occupancy or premium rental income.
Additionally, there are two duplex buildings totaling four units, each 2-bedroom, 1-bath and approximately 1,200 square feet, complete with kitchens, living rooms, dining areas, washer/dryer hookups, and one carport parking space with a private storage area per unit. These spacious layouts contribute to strong tenant retention.
Rounding out the unit mix are two 1-bedroom, 1-bath units with open-concept kitchens, living areas, and dedicated laundry space—highly attractive to today’s rental market.
All residential units are occupied by long-term tenants with below-market rents, presenting a compelling value-add opportunity through annual rent increases permitted under California state law, allowing investors to enhance cash flow while maintaining tenant continuity.
In addition to the residential units, the property includes a separately situated, commercially zoned building currently leased as a hair salon, providing diversified income and further strengthening the investment profile.
This is a rare opportunity to acquire a well-maintained mixed-use asset with stable income, upside potential, and clear pride of ownership throughout.
The residential component consists of seven units with a desirable and diverse unit mix. The property includes a 3-bedroom, 2-bath single-family residence of approximately 1,500 square feet, featuring a kitchen, dining room, living room, small storage room, and an oversized two-car garage, providing flexibility for owner occupancy or premium rental income.
Additionally, there are two duplex buildings totaling four units, each 2-bedroom, 1-bath and approximately 1,200 square feet, complete with kitchens, living rooms, dining areas, washer/dryer hookups, and one carport parking space with a private storage area per unit. These spacious layouts contribute to strong tenant retention.
Rounding out the unit mix are two 1-bedroom, 1-bath units with open-concept kitchens, living areas, and dedicated laundry space—highly attractive to today’s rental market.
All residential units are occupied by long-term tenants with below-market rents, presenting a compelling value-add opportunity through annual rent increases permitted under California state law, allowing investors to enhance cash flow while maintaining tenant continuity.
In addition to the residential units, the property includes a separately situated, commercially zoned building currently leased as a hair salon, providing diversified income and further strengthening the investment profile.
This is a rare opportunity to acquire a well-maintained mixed-use asset with stable income, upside potential, and clear pride of ownership throughout.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Disposal
- Kitchen
- Oven
- Range
- Carpet
SITE AMENITIES
- Fitness Center
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $2,357 CAD | 1,500 |
| 2+1 | 1 | $1,828 CAD | 1,200 |
| 2+1 | 1 | $1,869 CAD | 1,200 |
| 2+1 | 1 | $12,072 CAD | 1,200 |
| 2+1 | 1 | $1,828 CAD | 1,200 |
| 1+1 | 1 | $1,463 CAD | 600 |
| 1+1 | 1 | $1,219 CAD | 600 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $353,345 CAD | |
| Land Assessment | $54,192 CAD | Total Assessment | $407,538 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$54,192 CAD
Improvements Assessment
$353,345 CAD
Total Assessment
$407,538 CAD
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