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555 Wallis Ave

4,500 SF Specialty Building Offered at $990,000 in Gustine, CA 95322

Residential Income Homes California Gustine 555 Wallis Ave, Gustine, CA 95322

Investment Highlights

  • Possible redevelopment of property.
  • Possible division of parcel and re-sell.

Executive Summary

RARE PROPERTY - MULTI-UNIT OPPORTUNITY! 5 HOMES + OPEN LOT. Nearly 1 acre (.91) in Gustine on shady street, great residential location in center of town. Property currently has 2 two bedroom/1 bath rentals, each rented at $1000/mo. A vacant 2 bedroom/1 bath home that needs TLC. A lg 5 bedroom/1 bath home with lg full basement, and a small studio home. There is a empty lot on the end of the property along with a large undeveloped area behind the homes. Perfect for Investors. Immediate income while you plan how to maximize this property's full potential. So many possibilities to discuss! Add additional rentals, start over and make it a planned unit development, or divide the homes into separate parcels and sell them individually OR live in one and rent the others to cover the mortgage? Property is being sold as is.

Property Facts

Price $990,000 Building Class C
Price Per SF $220 Lot Size 0.91 AC
Sale Type Investment Building Size 4,500 SF
Sale Conditions
Business Value Included
  • Deferred Maintenance
 No. Stories 1
Property Type Specialty Year Built 1912
Property Subtype Residential Income Parking Ratio 1.56/1,000 SF
Price $990,000
Price Per SF $220
Sale Type Investment
Sale Conditions
Business Value Included
  • Deferred Maintenance
Property Type Specialty
Property Subtype Residential Income
Building Class C
Lot Size 0.91 AC
Building Size 4,500 SF
No. Stories 1
Year Built 1912
Parking Ratio 1.56/1,000 SF

Amenities

  • Air Conditioning

About 555 Wallis Ave , Gustine, CA 95322

The property consists of 5 units, three 2 bedroom/1 bathroom units, one 5 bedroom/1 bathroom unit and a studio unit.

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PROPERTY TAXES

Parcel Number 020-151-022 Improvements Assessment $145,121
Land Assessment $38,577 Total Assessment $183,698

PROPERTY TAXES

Parcel Number
020-151-022
Land Assessment
$38,577
Improvements Assessment
$145,121
Total Assessment
$183,698

zoning

Zoning Code R-3 (Residential)
R-3 (Residential)
(209) 862-2881

Contact

  • Listing ID: 26251774

  • Date on Market: 7/25/2022

  • Last Updated:

  • Address: 555 Wallis Ave, Gustine, CA 95322

More public record information on 555 Wallis Ave, Gustine, CA 95322

The Specialty Property at 555 Wallis Ave, Gustine, CA 95322 is currently available for sale. Contact Stephens & Borrelli for more information.

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555 Wallis Ave
(209) 862-2881 x

555 Wallis Ave

Beth Bair-Treshler

(209) 862-2881

(209) 862-2881

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