24 8th Street, Gonzales, California 93926, Gonzales, 93926 - 0 bed, 0 bath
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24 8th Street
Gonzales, California 93926
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,153Sq Ft
6,834Lot Size
Property Price
LIST PRICE$745,000
SUMMARY
Analysis of 24 8th Street, Gonzales, California 93926 is currently available with a list price of $745,000. 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 Gonzales Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Originally built in 1935, the property shows interior renovations (kitchen and baths) that appear to be 30-50 years old. Visible surface-mounted electrical conduit in the bathroom, popcorn ceilings, and significant wear on walls and fixtures indicate the need for a comprehensive rehab despite being currently tenant-occupied.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Cash Flow
This turnkey triplex is fully tenant-occupied, providing a new owner with immediate rental income and a seamless transition into a cash-flowing investment.
- Lease Flexibility
All units are on month-to-month leases, offering significant strategic flexibility to either adjust rents to market rates or occupy one of the units as a primary residence.
- High Rental Demand
Situated in a tight rental market, the property benefits from low vacancy risk and consistent tenant interest, ensuring long-term stability for the asset.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6834, other record lot size in square feet = 7000. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2153, other record living area = 588.
- Aging Infrastructure
Originally constructed in 1935, the property may require more frequent maintenance or future capital improvements to its older mechanical and structural systems.
- Modest Investment Yield
The gross annual income of $46,800 relative to the $745,000 asking price results in a modest cap rate once property taxes and operating expenses are deducted.
About 24 8th Street
Turnkey Gonzales triplex offering immediate cash flow in a tight rental market. This 2,153 sq ft multi-family property includes three fully tenant-occupied units. All leases are month-to-month, giving a new owner flexibility to occupy a unit if desired. Gross annual income of $46,800 against modest expenses makes this a straightforward addition to any rental portfolio. Matterport 3D tours are available for all three units.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1935
- Lot Size
- 6,834 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
Aug 27, 2026
$745,000
Initial Listing
Sold
Jan 20, 2012
$209,000
Public Record