502 N Mercey Springs Rd | Los Banos, CA 93635
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502 N Mercey Springs Rd
Los Banos, CA 93635
Court of Fountains Townhomes · Multifamily Property For Sale · 33 Units
Investment Highlights
- Attractive, Real 6.59%+ ProForma with Loss-to-Lease of 25%+ (newest unit rented in line with proforma rents)
- Very large 2-and-3 bedroom Townhouse-style Units Averaging Approximately 1,200 square feet Each.
- Laundry room with a washer and dryer; private patios/balconies; and fireplaces in every townhouse-style unit
- Built in 2010, Court of Fountains is Exempt from AB-1482's State-Wide Rent Control/Just Cause Until 2025
- Full amenity package including: full-electric kitchens with dishwashers, ranges and refrigerators; wood cabinets and flooring
PROPERTY FACTS
| No. Units | 33 | Building Size | 39,600 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 2010 |
| Building Class | A | Parking Ratio | 1.72/1,000 SF |
| Lot Size | 2.20 AC |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | A |
| Lot Size | 2.20 AC |
| Building Size | 39,600 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 2010 |
| Parking Ratio | 1.72/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Range
- Yard
- Wheelchair Accessible (Rooms)
Site Amenities
- Clubhouse
- Laundry Facilities
- Spa
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 6 | $1,288 | 1,200 |
| 3+2 | 27 | $1,389 | 1,200 |
zoning
| Zoning Code | P-D |
| P-D |
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