6860 Walnut Avenue

Winton, CA 95388

$2,760,000
Price
2
Beds
32
Baths
15,500 Sq. Ft.
$178 / Sq. Ft.
15,500
Sq. Ft.
$178
per Sq. Ft.

Description

Presenting a lucrative investment opportunity in the heart of Winton, California, this multifamily property offers 32 units on three parcels, totaling 89,537 in lot square footage. The property features all 2 bedroom/1 bathroom units, making it an ideal income-generating and value-add asset. Whether you are an experienced investor or entering the real estate market, this property offers a solid foundation OVERVIEW for a successful investment portfolio.Presenting a lucrative investment opportunity in the heart of Winton, California, this multifamily property offers 32 units on three parcels, totaling 89,537 in lot square footage. The property features all 2 bedroom/1 bathroom units, making it an ideal income-generating and value-add asset. Whether you are an experienced investor or entering the real estate market, this property offers a solid foundation OVERVIEW for a successful investment portfolio.
  1. Listed by Jagmeet Singh • DRE #01886951 • Brokerage DRE #01444805 • Keller Williams Realty • 626-272-5941

Property Details for 6860 Walnut Avenue

Parking Spaces Total
32
Private Pool
No
Total Units
32.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
15500
Assessor Parcel Number
146141012000
Property Attached YN
true

Location

Listing Courtesy of Keller Williams Realty, Jagmeet Singh, DRE #01886951
Add your commute
LISTING UPDATED: 04/15/2024 04:28 AM

Property Details for 6860 Walnut Avenue

StatusActive
MLS #AR24074537
Days on Compass19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
CountyMerced County

Location

Listing Courtesy of Keller Williams Realty, Jagmeet Singh, DRE #01886951
Add your commute

Building Information for 6860 Walnut Avenue

Building/Complex6860 Walnut AveFloor-Stories1Residences-Pet Policy-Year Built1963Building Size-

Payment Calculator

$16,671 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,062

Property Taxes

$1,609

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6860 Walnut Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $286,920
  • Gross Scheduled Income: $286,920
  • Net Operating Income: $164,220
Expense Details
  • Operating Expense: $114,092
  • New Taxes Expense: $28,491
  • Gardener Expense: $4,800
  • Fuel Expense: $0
  • Electric Expense: $7,915
  • Insurance Expense: $10,926
  • Professional Management Expense: $13,745
  • Trash Expense: $15,190
  • Water Sewer Expense: $11,330
  • Total Expenses: $114,092
Tax / Assessment Info
  • Tax Census Tract: 5.04
  • CFD/Mello-Roos Fee: $855
  • Tax Lot: 101B
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 32
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 32
  • Open Other Spaces Total: 32
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 32
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $797
  • Unit Type Total Rent: $23,910
  • Unit Type Pro Forma: 32000
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 7
  • Number Of Separate Electric Meters: 33
  • Number Of Separate Gas Meters: 33
  • Number Of Separate Water Meters: 1

Property History for 6860 Walnut Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 6860 Walnut Avenue

Taxable ValueLand$572,220Additions$1,273,536Total$1,845,756
Tax Record2023$19,312 ($1,609 / month)
Home Facts
Total Finished SqFt868 SqFtAbove Grade Finished SqFt868 SqFtStories1Lot Size77,536 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920Year Renovated1962CountyMERCEDAPN146-141-012-000Fireplace TypeHas Fireplace

Schools near 6860 Walnut Avenue

This home is within Winton School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Winfield Elementary School
PublicK to 5

Winton Middle School
Public6 to 8

Atwater High School
Public9 to 12

Independence High (Alternative) 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

6860 Walnut Avenue is a multi-family home for sale in Winton, CA 95388. This property was listed for sale on April 15, 2024 by Keller Williams Realty, it's currently listed at $2,760,000. It has been on the market for a total of 19 days and was last sold on June 23, 2021. This listing's school districts are Winton School District, Merced Union High School District. Nearby schools include Winfield Elementary School, Winton Middle School and Atwater High School. 6860 Walnut Avenue is a 2-bed, 32-bath, 15,500 sqft multi-family home built in 1963.

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 Keller Williams Realty, Jagmeet Singh, DRE #01886951

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.