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Residential Income Duplex

1107 Patterson Corcoran, CA 93212

1107 Patterson, Corcoran, CA, 93212
$380,000
Pending
For Sale
Claim this Listing
$380,000
Pending

MULTI_FAMILY - Corcoran, CA

Property Size3,000 SF
Lot Size0.18 Acres
AddedDec 1, 2025
Days on Market227
Last RefreshJul 16 at 4:06 am

Property Features for 1107 Patterson

General Information

Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport, Garage
Fencing
Fenced
Standard status
Pending
APN
03006200100
Size
3,000 SF
Lot size
0.18 Acres

Utilities

Sewer type
Public Sewer
Heating system
Central, Wall Furnace, Natural Gas
Water source
Public

Building Details

Floors in Building
2
Flooring type
Varies by unit
Roof type
Composition

Listing agent Franklin J Romine License #DRE #01957844

Listing office The Equity Group, Inc. 420 N Court St, CA

Listing date Dec 1, 2025

MLS# 233251 Listing URL

Copyright © 2026 Kings County Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This residential income property is configured as a duplex and totals approximately 3,000 square feet. The site covers about 0.18 acres.

Located at 1107 Patterson in Corcoran, California 93212, the property is in Kings County.

The listing is offered for sale. Additional details on unit layout, condition, or income/tenancy terms are not provided in the information available.

Key Highlights

  • Heating includes central, wall furnace, and natural gas
  • Public water and public sewer
  • Roof is composition

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $41.4k $13.80
− Vacancy −$2.7k −$0.89
EGI $38.7k $12.91
− OpEx −$11.6k −$3.87
NOI $27.1k $9.04
3,000 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$387.3K
$338.9K – $451.8K (±1% cap)
NOI $27,108 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$355.9K
$311.4K – $415.2K (±1% cap)
NOI $24,912 @ 7.0% cap · market cap 6.56%
Theoretical Best
Specialty Retail
$911.3K
$797.4K – $1.06M (±1% cap)
NOI $63,788 @ 7.0% cap · market cap 16.79%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Hair Salon Parking Lot & Garage Spa & Massage Center Electrical Service HVAC Service Bakery Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - For sale duplex residential income property in Corcoran, CA, offering approximately 3,000 square feet.
Where is this duplex located?
The property is located at 1107 Patterson Corcoran, CA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Heating includes central, wall furnace, and natural gas; Public water and public sewer; Roof is composition
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