505 M Street

Los Banos, CA 93635

$525,000
Price
Beds
2,088 Sq. Ft.
$251 / Sq. Ft.
2,088
Sq. Ft.
$251
per Sq. Ft.

Description

Don't Miss out on this Great Opportunity to Purchase TWO homes on One Lot with separate entrances. Front home is a 3 Bedroom 2 Baths. Upgrades done in 2016 features the following: Freshly painted Interior & Exterior Thru-out, New Laminate flooring with baseboards,Updated kitchen with new cabinets and counter tops, new range with fan hood,New Dual Pane windows thru-out,New 6 panel doors thru-out,New wall heater,Modern light fixtures. Plenty of parking,Storage shed,Inside. Back unit is 2 Bedroom 1...Don't Miss out on this Great Opportunity to Purchase TWO homes on One Lot with separate entrances. Front home is a 3 Bedroom 2 Baths. Upgrades done in 2016 features the following: Freshly painted Interior & Exterior Thru-out, New Laminate flooring with baseboards,Updated kitchen with new cabinets and counter tops, new range with fan hood,New Dual Pane windows thru-out,New 6 panel doors thru-out,New wall heater,Modern light fixtures. Plenty of parking,Storage shed,Inside. Back unit is 2 Bedroom 1 Bath home and is located on back side of street with separate entrance. Perfect for investor or Rent one & Live in the other Unit. PICS were taken prior to tenants moving in.
  1. Listed by Cayo Gonzalez • DRE #01911495 • Brokerage DRE #01911495 • Capital Estates Realty • 408-806-3726

Property Details for 505 M Street

MLS City Name
LOS BANOS
Building Type
DUPLEX
Garage Spaces
0
Parking Spaces
8

Location

Listing Courtesy of Capital Estates Realty, Cayo Gonzalez, DRE #01911495
Add your commute
LISTING UPDATED: 04/23/2024 10:25 AM

Property Details for 505 M Street

StatusActive
MLS #ML81947548
Days on Compass150
Taxes$2,562 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / DUPLEX
Year Built1951
Lot Size0.20 AC / 8,712 SF
CountyMerced County

Location

Listing Courtesy of Capital Estates Realty, Cayo Gonzalez, DRE #01911495
Add your commute

Building Information for 505 M Street

Stories1Residences2Year Built1951Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

$3,079 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,865

Property Taxes

$214

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 505 M Street

Features
Features
  • Fireplace: No
  • Living SqFt: 2088
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan
  • Heating: Wall Furnace
  • Meters: Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Drive Through
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Merced County
  • Roof: Shingle
  • Subclass: Duplex
  • Year Built Source: Assessor
  • Street Number: 505
  • Street Name: M
  • Street Suffix: Street
  • Area ID: 25
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 2
  • Structure SqFt: 2088
  • Structure SqFt Source: Other
  • Age: 72
Development Information
  • Zoning Detail: R-1
Location Information
  • Parcel Number: 026-044-003-000
  • County Name: Merced
  • City Name: LOS BANOS
  • City Postal ID: 282
  • Postal Code: 93635
  • Elementary School District: 1528
  • High School District Text: Los Banos Unified
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .20
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $2,562
  • Building Unit Total: 2
  • Capitalization Rate: 6.09
  • Tenant Expenses: None
  • Income Includes: None
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $850
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $3,412
  • Operating Expenses Include: None
  • Gross Rent Multiplier: 14.83
  • Income Annual Gross: $35,400
  • Income Annual Rental: $35,400
  • Income Gross Scheduled: $35,400
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
Unit 2 Information
  • Unit 2 Approx Square Footage: 908
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
Unit Type 1
  • Unit Type1 Approx SqFt: 1180

Property History for 505 M Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 505 M Street

Taxable ValueLand$56,889Additions$176,362Total$233,251
Tax Record2023$2,537 ($211 / month)
Home Facts
Baths1Total Finished SqFt908 SqFtAbove Grade Finished SqFt908 SqFtStories1Lot Size8,799 SqFtStyleMulti-Family Dwelling (2-4)Year Built1951Year Renovated1957CountyMERCEDAPN026-044-003-000Fireplace TypeHas Fireplace

Schools near 505 M Street

This home is within Los Banos Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Los Banos Elementary School
PublicK to 6

Creekside Junior High
Public7 to 8

Los Banos High School
Public9 to 12

San Luis High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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505 M Street is a multi-family home for sale in Los Banos, CA 93635. This property was listed for sale on November 9, 2023 by Capital Estates Realty, it's currently listed at $525,000. It has been on the market for a total of 150 days and was last sold on December 7, 2015. This listing's school district is Los Banos Unified School District. Nearby schools include Los Banos Elementary School, Creekside Junior High and Los Banos High School. 505 M Street is a 0-bed, 0-bath, 2,088 sqft multi-family home built in 1951.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Capital Estates Realty, Cayo Gonzalez, DRE #01911495

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.