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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: Active
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 that delivers cash flow, location, and future upside? 562 Fortuna Ave is a proven investment with tenant-friendly features and upgrade potential. Each of the four units offers 3 bedrooms and 1 bathroom, totaling 3,536 square feet on a 9,300 square foot lot. All units include in-unit laundry hookups, adding everyday convenience for tenants. One unit was fully remodeled in 2022, and the entire property received a new roof the same year. A large parking lot ensures easy off-street parking for all residents. Current rents are well-positioned for immediate return, with room to grow. Located near In-Shape, Bellevue Bowl, dining, and shopping, this property checks the boxes for both tenants and owners. This 3-bedroom fourplex in Atwater is a smart buy for any investor looking for stability, rental income, and growth potential in a strong local 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
0
Cumulative Days On Market
0
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 © 2025  London Properties, Ltd. All rights reserved.

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