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562 Fortuna

Atwater, CA 95301

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$720,000

3,536 sq ft
  |  
0.21 acre

562 Fortuna

Atwater, CA 95301

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Listed On: 12/19/2025
Status: Pending (Taking Backup Offers)
Listing Number: MC25278759 (CRMLS)

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Contact Info

Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 209.358.0222 Email Agent
Property Description
Listing Agent: Eric Jaurique-Pouncey, BHGRE Everything Real Estate

 Searching for a 3-bedroom fourplex in Atwater with strong rental income and future upside? 562 Fortuna Ave generates $4,815 per month in current rent, with pro forma rents at $1,600 per unit. The property offers a projected 7%+ cap rate using a 30% expense ratio. Each of the four units includes 3 bedrooms, 1 bathroom, and in-unit laundry hookups, totaling 3,536 square feet on a 9,300 square foot lot. One unit was fully remodeled in 2022, and the building received a new roof that same year. A large on-site parking lot offers easy access for all tenants. Located near In-Shape, Bellevue Bowl, shopping, and dining, this multifamily asset combines convenience with long-term rental appeal. With reliable income in place and value-add potential, this 3-bedroom fourplex in Atwater is a turnkey opportunity for investors looking to grow their portfolio in a stable Central Valley market. Photos include versions with and without tenant items for full transparency.
Property Sub Type
Quadruplex
Year Built
1990
Year Built Source
Public Records
Special Listing Conditions
Standard
Stories Total
2
Levels
Two
Number Of Buildings
1
Number Of Units Total
4
Entry Level
1
Entry Location
Front
Price Per Square Foot
$204
Price Per Unit
$180,000
Days On Market
22
Cumulative Days On Market
22
County Or Parish
Merced
New Construction Y/N
No
Property Attached Y/N
Yes
Rent Control Y/N
Yes
Cooling Y/N
Yes
Fence Y/N
Yes
Heating Y/N
Yes
Directions
Take Bellevue rd west, turn left on Alabama St, Turn right on Fortuna Ave and Property is on your left
Room Type
Living Room
Heating
Central
Cooling
Central Air
Laundry Y/N
Yes
Laundry Features
Inside
Roof
Shingle
Construction Materials
Stucco
Foundation Details
Slab
Appliances Y/N
Yes
Appliances
Gas Cooktop
Interior Features
Balcony
Accessibility Features
None
Flooring
Tile, Vinyl
Common Walls
2+ Common Walls
Fireplace Y/N
No
Fireplace Features
None
Pool Features
None
Pool Private Y/N
No
Spa Y/N
No
Spa Features
None
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Number Of Separate Electric Meters
4
Number Of Separate Gas Meters
4
Number Of Separate Water Meters
1
Electric
Standard
Utilities
Water Connected
Water Source
Public
Sewer
Public Sewer
Parking Y/N
Yes
Parking Features
Paved
Lot Features
0-1 Unit/Acre
Lot Size Area
9300.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Road Surface Type
Paved
View Y/N
No
View
None
Fencing
Average Condition
Common Interest
None
Parcel Number
002251005000
Additional Parcels Y/N
No
Community Features
Sidewalks, Storm Drains, Street Lights
Senior Community Y/N
No
Association Y/N
No
Inclusions
All appliances included with leases
Tenant Pays
Electricity, Gas
Gross Operating Income
57780.00
Gross Income
57780.00
Operating Expense
14653.00
Land Lease Y/N
No
Insurance Expense
2200.00
Water Sewer Expense
2700.00
Trash Expense
2700.00
Maintenance Expense
1500.00
Gardener Expense
1200.00
Pest Control Expense
900.00
Other Expense
3453.00
Other Expense Description
Taxes
Gross Scheduled Income
57780.00
Gross Income
57780.00
Total Expenses
14653.00
Net Operating Income
43127.00
Operating Expense
14653.00
Gross Operating Income
57780.00
Gross Income
57780.00
Net Operating Income
43127.00
Cap Rate
5.98
Tax Block
3
Tax Lot
4

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.

Copyright © 2026  London Properties, Ltd. All rights reserved.

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