218-220 W K St, Los Banos, California 93635, Los Banos, 93635 - 0 bed, 0 bath
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Los Banos, California 93635
Analysis of 218-220 W K St, Los Banos, California 93635 is currently available with a list price of $1,750,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Banos Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
The property was built in 1980 (44 years old), placing it in the >30y category. While currently functional and rented, the images reveal dated interiors with worn carpeting and original-style fixtures. The exterior and roof-mounted HVAC systems show significant age, suggesting the need for a comprehensive rehab to address long-term maintenance and modernization.
With a total monthly rental income of $12,590 across eight units, the property offers a robust gross annual yield of approximately 8.6%, making it an attractive opportunity for cash-flow-focused investors.
All eight units are currently rented, ensuring an immediate revenue stream upon acquisition and eliminating the initial vacancy risk often associated with multi-family investments.
The portfolio consists entirely of 2-bedroom, 1-bathroom units, which are consistently in high demand within the rental market, providing long-term stability and lower turnover rates.
Housing eight units on a relatively small 6,548 square foot lot indicates high density, which likely results in limited on-site parking and minimal common outdoor areas for residents.
The property was last sold in 2021 for $525,500; the current list price of $1,750,000 represents a significant appreciation that may challenge appraisal valuations or investor ROI expectations.
THIS IS TWO 4PLEX UNITS. 218 and 220 W K St. All units are 2 bedroom 1 baths 825 sqft. All units are rented. Total of 8 units. Total rental income for all 8 units is $12,590.
No exterior & parking available.
No sensitive facilities data found.
Jun 4, 2026
$1,750,000
Initial Listing
Oct 26, 2021
$525,500
Public Record