2523 5th Street

Ceres, CA 95307

$1,860,000
Price
Beds
8,667 Sq. Ft.
$215 / Sq. Ft.
8,667
Sq. Ft.
$215
per Sq. Ft.

Description

Investors dream property! This stunning one-acre lot features a two-story apartment 8-Plex, a duplex, and a charming home, all surrounded by lush, mature palm trees and gorgeous landscaping. With the potential to split the property and its professional office zoning, the possibilities are endless! Whether you're looking for a prime real estate investment or a unique development opportunity, this beautiful piece of land is brimming with architectural charm and flexibility. A rare find with endless...Investors dream property! This stunning one-acre lot features a two-story apartment 8-Plex, a duplex, and a charming home, all surrounded by lush, mature palm trees and gorgeous landscaping. With the potential to split the property and its professional office zoning, the possibilities are endless! Whether you're looking for a prime real estate investment or a unique development opportunity, this beautiful piece of land is brimming with architectural charm and flexibility. A rare find with endless potential! Don't miss your chance to own this exceptional property. SELLER FINANCING available!
  1. Listed by Alfred Younan • DRE #01718008 • Brokerage DRE #02212279 • Metro Realty Pros • 408-728-5468

Property Details for 2523 5th Street

MLS City Name
CERES
Building Type
Other
Garage Spaces
3
Parking Spaces
10
Cross Street
Whitmore
LISTING UPDATED: 10/20/2024 02:18 PM

Property Details for 2523 5th Street

StatusActive
MLS #ML81980876
Days on Compass63
Taxes$11,352 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1950
Lot Size0.96 AC / 41,788 SF
CountyStanislaus County

Building Information for 2523 5th Street

Stories-Residences-Year Built1950Building Size-Lot Size0.96 AC / 41,788 SF

Property Information for 2523 5th Street

Features
Features
  • Fireplace: No
  • Living SqFt: 8667
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: Window / Wall Unit
  • Heating: Wall Furnace
  • Meters: Master Electric, Separate Electric
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 3
Garage
  • Garage and Parking: Parking Area, Other
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 11
  • Area Text: Ceres East of Hwy 99
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 2523
  • Street Name: 5th
  • Street Suffix: Street
  • Area ID: 20107
Lot / Property Details
Building Information
  • Number of Buildings: 3
  • Structure SqFt: 8667
  • Structure SqFt Source: Assessor
  • Age: 74
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R3
Location Information
  • Directions: Near Ceres High School or Downtown. Opens to 4th and 5th near Whitmore
  • Parcel Number: 127-013-046-000
  • County Name: Stanislaus
  • City Name: CERES
  • City Postal ID: 333
  • Postal Code: 95307
  • Elementary School District: 1124
  • High School District Text: Ceres Unified
Lot Information
  • Foundation: Raised
  • Lot Acres: .96
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 11
General Information
  • Annual Tax Amount: $11,352
  • Capitalization Rate: 5.80
  • Tenant Expenses: Utilities - Electric
  • Income Includes: None
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $7,008
  • Expense Landscape: $1,000
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $560
  • Expenses Total: $22,920
  • Operating Expenses Include: Fee - Property Tax, Services - Sewer, Utilities - Hot Water, Utilities - Water
  • Gross Rent Multiplier: 14.23
  • Income Annual Gross: $130,740
  • Income Annual Rental: $130,740
  • Income Gross Scheduled: $130,740
  • Income Other: $0

Property History for 2523 5th 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 2523 5th Street

Taxable ValueLand$260,516Additions$782,507Total$1,043,023
Tax Record2024$11,668 ($972 / month)
Home Facts
Baths3Total Finished SqFt1,148 SqFtAbove Grade Finished SqFt1,148 SqFtStories2Lot Size43,560 SqFtStyleMulti-Family Dwelling (2-4)Year Built1950ZoningR3CountySTANISLAUSAPN127-013-046-000Fireplace TypeHas Fireplace

Schools near 2523 5th Street

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

Cesar Chavez Junior High School
Public7 to 8

Central Valley High School
Public9 to 12

Ceres Special Education
PublicK 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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2523 5th Street is for sale in Ceres, CA 95307. This property was listed for sale on September 19, 2024 by Metro Realty Pros, it's currently listed at $1,860,000. It has been on the market for a total of 63 days and was last sold on July 1, 2004. This listing's school district is Ceres Unified School District. Nearby schools include Walter White Elementary School, Cesar Chavez Junior High School and Central Valley High School. 2523 5th Street is a 0-bed, 0-bath, 8,667 sqft built in 1950.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Metro Realty Pros, Alfred Younan, DRE #01718008

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.