Triplex with Attached
For Sale
$349,000
107 Parkway, Wofford Heights, CA 93285
Three residences each provide two bedrooms, two baths, and washer/dryer hookups.
Property Size2,658 SF
Price / SF$131.30
Days on Market19
Property Features for 107 Parkway
General Information
Standard status
Active
Size
2,658 SF
Property subtype
Residential Income
Units
Unit Mix
3 x 2BR/2BA
Multifamily Units
3
Listing Agency:
Destiny Real Estate
Listed By:
Annette Marie Pounds · License #02192807
(760) 382-9893
Source:
Exprealty
Added: Oct 18
Changed: Nov 4
Last Checked: Nov 4 at 2:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Destiny Real Estate
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Investment Insights
Based on property information with market context.
This triplex contains three separate two-bedroom, two-bath units, each measuring approximately 886 square feet. A decorative fireplace and an attached two-car garage with washer/dryer hookups are included with each residence. The property has 2,658 square feet in total.
Local shops and a lake are nearby. The three-unit configuration offers separate living spaces within one residential property.
Local shops and a lake are nearby. The three-unit configuration offers separate living spaces within one residential property.
Key Highlights
- Three units, each with 2 bedrooms and 2 bathrooms
- Approximately 886 square feet per unit; 2,658 square feet total
- Each residence has a decorative fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,620
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,400
$612.4K
Cap Rate 7%
$437,429
$437.4K
Cap Rate 9%
$340,222
$340.2K
Market Conditions
NOI Build-Up for 2,658 SF
Gross rent
$57.4K $21.60/SF
− Vacancy
−$1.7K −$0.65/SF
EGI
$55.7K $20.95/SF
− OpEx
−$25.1K −$9.43/SF
NOI
$30.6K $11.52/SF
Area
Kern County, CA
Vacancy
3.03%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,400
Cap Rate 7%
$437,429
Cap Rate 9%
$340,222
Alternative Uses
Best Use
Multifamily LT 5
$474.0K
$414.7K – $553.0K
NOI $33,177 @ 7.0% cap · market cap 9.51%
Second Best
Apartment 5plus
$437.4K
$382.8K – $510.3K
NOI $30,620 @ 7.0% cap · market cap 8.77%
Theoretical Best
Warehouse
$567.8K
$496.9K – $662.5K
NOI $39,748 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
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Business Placement
Demographics for 93285, CA
2,457
Population
2,225
Households
1.1
Avg Household Size
60
Median Age
13%
College-Educated
86%
High-School Grad
54.4 sq mi
ZIP Area
45
Density / Sq Mi
$39,844
Median Household Income
$51,429
Median Earnings
$921
Median Rent
$202,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences each provide two bedrooms, two baths, and washer/dryer hookups.
Where is this triplex located?
The property is located at 107 Parkway Wofford Heights, CA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Three units, each with 2 bedrooms and 2 bathrooms; Approximately 886 square feet per unit; 2,658 square feet total; Each residence has a decorative fireplace
