1991 Parker Place Hanford, CA 93230
MULTI_FAMILY - Hanford, CA
- Added:
- Jun 26, 2026
- Days on Market:
- 17
- Last Refresh:
- Jul 12 at 8:06 pm
Property Features for 1991 Parker Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 4
- Parking features
- Carport
- Patio and Porch features
- Patio
- Standard status
- Active
- APN
- 014342014000
- Size
- 1,560 SF
- Lot size
- 0.17 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Cooling system
- Wall/Window Unit(s), Window Unit(s), Evaporative Cooling
- Water source
- Public
Building Details
- Year built
- 1967
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Stucco
- Roof type
- Shingle, Composition
Listing agent Nivia Lourenco (559) 333-1555
Listing office Real Brokerage Technologies 1420 Kettner Blvd. #100, San Diego, CA (855) 450-0442
Listing date Jun 26, 2026
Copyright © 2026 Tulare County MLS. 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.
Located in North East Hanford, the home is positioned in an established neighborhood with convenient access to schools, shopping, and everyday amenities. The surrounding setting supports tenant convenience and day-to-day accessibility.
For buyers, this layout can fit investors looking for a two-unit residential income asset or owner-occupants seeking a live-in option with a second unit. With both units independently arranged around private outdoor space and in-unit laundry areas, the property offers a practical balance of separate living quarters and manageable property operations.
Key Highlights
- Duplex built in 1967 featuring two 2‑bedroom, 1‑bath units
- Each unit has an estimated 780 SF, for about 1,560 SF total living space
- Each unit includes its own laundry area, covered carport, and private fenced backyard
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 | $28.6k | $18.36 |
| − Vacancy | −$1.3k | −$0.84 |
| EGI | $27.3k | $17.52 |
| − OpEx | −$8.2k | −$5.26 |
| NOI | $19.1k | $12.27 |
