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133 W I St

Los Banos, CA 93635

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$2,897,500

32 bd
  |  
1 ba
  |  
13,200 sq ft
  |  
0.58 acre

133 W I St

Los Banos, CA 93635

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Listed On: 06/02/2025
Status: Active
Listing Number: 225071372 (Metrolist MLS)

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Contact Info


Presented By:

Valiant Reyes
Valiant Reyes 209.996.9775 Email Agent
Property Description
First Commercial is excited to present the Las Palmas at 133, a well-established 16-unit complex nestled in the burgeoning agricultural community of Los Banos, California. This property boasts a desirable mix of spacious two-bedroom units spread across four buildings, situated on approximately half an acre of land. Recently, the property has undergone extensive renovations, enhancing both its structural integrity and aesthetic appeal. Significant improvements include comprehensive dry rot repairs, new roof, and stucco enhancements across all buildings. Structural upgrades to decks and roof overhangs have been completed, adhering to engineers' recommendations. Modern wrought railings have been installed to meet current safety codes, alongside upgraded security measures, including monitoring cameras and high-efficiency exterior LED lighting. Additional updates encompass extensive roof repairs on all carports and fresh paint for all structures.
Property Type
ResidentialIncome
Property Subtype 1
5 or More Units
Subtype Description
Apartments
Property Condition
Updated/Remodeled
Year Built
1963
Year Built Source
Owner
Stories
2
# of Buildings
4
Total Units
16
# of Floors
2
Directions to Property
From HWY 152 turn onto West I Street. Property is on the right.
Cross Street
Nevada Ave
County
Merced
Special Listing Conditions
None
Construction Materials
Stucco, Wood
Foundation
Other
Roof
Flat
Heating
Wall Furnace
Cooling
Wall Unit(s)
Laundry Features
Coin Operated, Washer/Dryer Leased, In Common Area
Window Features
Dual Pane Full
Flooring
Carpet, Vinyl, Varies by Unit, Other
Appliances
Free Standing Refrigerator, Electric Cook Top, Varies By Unit, Free Standing Electric Oven
Total Units
16
# of 2 Bedroom Units
16
Unit 1 Type
Apartment
Unit 1 # of Rooms
4
Unit 1 Approx SqFt
825
Unit 1 SqFt Source
Not Measured
Unit 1 Bedrooms
2
Unit 1 Full Baths
1
Unit 1 Rent
1546
Unit 1 Rent Source
Owner
Unit 1 Occupancy
Tenant
Unit 1 Lease Term
12 Months
Utilities
City, Electric
Electric
220 Volts
Irrigation
Public District
Water Source
Public
Sewer
Public Sewer
Separate Meters
Electricity
Parking Features
Covered
Total Parking Spaces
21.00
Covered Spaces
16.00
Open Parking Spaces
5.00
Lot Features
Curb(s), Landscape Front
APN
027 072 005
Zoning Description
R-2
List AOR
MetroList Services, Inc.
Association
No
School District (County)
Merced
Elementary School District
Los Banos Unified
Middle or Junior School District
Los Banos Unified
Senior High School District
Los Banos Unified
Total # Leasable
16
Income Includes
Rent Only, Laundry
Actual or Scheduled
Actual
Operating Expense Includes
Professional Management, Property Tax, Rent/Lease, Gas, Insurance, Trash, Maintenance Grounds, Utilities, Maintenance Structure, Vacancy Allowance, Manager, Water/Sewer
Tenant Pays
Rent Only, Sewer, Trash Collection, Water
Lease Term
Varies By Unit

Courtesy of Colton Toste, RCB Real Estate
IDX provided by Reliance Marketing

Metrolist
Terms of Use

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

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