Welcome to the Locust Street Apartments, a well-positioned multifamily asset located in the heart of Turlock just off Main St. & Lander. The property consists of nine 1-bedroom, 1-bathroom units situated on 0.48 acres, offering both stability and upside potential. The owner has fully remodeled seven of the nine units, with upgrades including tile flooring, granite countertops, new shower surrounds, and other modern finishes, while the remaining two units have been partially renovated. With a long- term, stable tenant base with an average of over five years of residency, this turnkey property provides reliable cash flow. Additionally, current lease rates are approximately 18% below market, ensuring strong rent growth potential and maximizing returns for the foreseeable future.
Multi-familyProperty Type
1960Year Built
0.48 acresLot Size
$205Price/Sq.Ft.
9 spacesParking
Listed by Alexander Espinoza•DRE #02174855• Atlantic Realty
Bought with Satnam Singh•DRE #01725504• Reva Blue Realty, Inc.
Century 21 Select Real Estate, Century 21 Select Real Estate
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Provided by Redfin
Sale history for 418 Locust St
Date
Event
Price
Public Records
May 1, 2013
Sold
$350,000
$60/sq ft
Public Records
Mar 1, 1984
Sold
$60,000
$10/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,628 (+1.9%)
$200,000 + $1,000,000
$1,200,000
2024
$4,542 (+0.2%)
$73,880 + $357,109
$430,989
2023
$4,535 (+1.3%)
$72,432 + $350,107
$422,539
2022
$4,478 (+1.5%)
$71,012 + $343,243
$414,255
2021
$4,412 (+0.7%)
$69,620 + $336,513
$406,133
2020
$4,382 (+1.7%)
$68,255 + $329,915
$398,170
2019
$4,308
$67,556 + $326,533
$394,089
2018
$4,305 (+2.4%)
$66,232 + $320,131
$386,363
2017
$4,204 (+7.1%)
$63,661 + $307,700
$371,361
2016
$3,926 (+0.9%)
$63,661 + $307,700
$371,361
2015
$3,892 (+1.0%)
$62,413 + $301,667
$364,080
2014
$3,854 (+76.6%)
$60,272 + $291,316
$351,588
2013
$2,183 (+0.6%)
$60,272 + $291,316
$351,588
2012
$2,169 (+3.6%)
$128,704 + $68,130
$196,834
2011
$2,093 (+0.6%)
$126,181 + $66,795
$192,976
2010
$2,080 (+1.6%)
$123,707 + $65,486
$189,193
2009
$2,048 (+1.9%)
$122,783 + $64,997
$187,780
2008
$2,010
$123,074 + $65,151
$188,225
2007
$2,010
$120,661 + $63,874
$184,535
Tax history for 418 Locust St
Year
Property tax
Land + Additions
Assessment*
2025
$4,628 (+1.9%)
$200,000 + $1,000,000
$1,200,000
2024
$4,542 (+0.2%)
$73,880 + $357,109
$430,989
2023
$4,535 (+1.3%)
$72,432 + $350,107
$422,539
2022
$4,478 (+1.5%)
$71,012 + $343,243
$414,255
2021
$4,412 (+0.7%)
$69,620 + $336,513
$406,133
2020
$4,382 (+1.7%)
$68,255 + $329,915
$398,170
2019
$4,308
$67,556 + $326,533
$394,089
2018
$4,305 (+2.4%)
$66,232 + $320,131
$386,363
2017
$4,204 (+7.1%)
$63,661 + $307,700
$371,361
2016
$3,926 (+0.9%)
$63,661 + $307,700
$371,361
2015
$3,892 (+1.0%)
$62,413 + $301,667
$364,080
2014
$3,854 (+76.6%)
$60,272 + $291,316
$351,588
2013
$2,183 (+0.6%)
$60,272 + $291,316
$351,588
2012
$2,169 (+3.6%)
$128,704 + $68,130
$196,834
2011
$2,093 (+0.6%)
$126,181 + $66,795
$192,976
2010
$2,080 (+1.6%)
$123,707 + $65,486
$189,193
2009
$2,048 (+1.9%)
$122,783 + $64,997
$187,780
2008
$2,010
$123,074 + $65,151
$188,225
2007
$2,010
$120,661 + $63,874
$184,535
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
9
Baths
9
Stories
1
Lot width
—
Lot depth
—
Lot size
21,000
Year renovated
—
Sq. Ft.
5,850
Year built
1960
Style
Multi-Family (5+ Unit)
County
Stanislaus County
APN
050027040000
Parking Spaces
9
Basement
No
Accessible
No
HOA Dues
—
Garage
Yes
Features
—
Last updated by owner on Dec 16, 2025.
RM
Medium Density Residential District
To limit the expansion of the City in order to preserve agricultural lands and maintain a compact urban form, while responding to many households’ preference for single-family units; Provide appropriately located areas for single-family and medium density multifamily dwelling units consistent with the General Plan and with standards of public health and safety established by the Turlock Municipal Code; Provide adequate light, air, privacy, and open space for each dwelling unit and protect residents from the harmful effects of excessive noise, population density, traffic congestion, and other adverse environmental impacts; Achieve design compatibility with adjacent uses through the use of site development standards.