Hanford Multifamily Investment
11544 S 10th Avenue Hanford, CA 93230
For Sale
$1,400,000
MULTI_FAMILY - Hanford, CA
Property Size4,178 SF
Lot Size19.40 Acres
Price / SF$335.09
Days on Market1915
Property Features for 11544 S 10th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
10
Bathrooms
8
Rooms
Bedroom 1, Bedroom 7, Bathroom 6, Bathroom 8, Bedroom 8, Bathroom 4, Bedroom 2, Bedroom 10, Bathroom 2, Bathroom 5, Bedroom 9, Bedroom 5, Bathroom 7, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3
Patio and Porch features
Porch
Appliances
Free-Standing Range
Standard status
Active
APN
011-440-010-000
Size
4,178 SF
Lot size
19.40 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Forced Air, Natural Gas
Cooling system
Electric, Central Air
Water source
Public, Well
Building Details
Year built
1931
Floors in Building
1
Number of units
4
Flooring type
Tile - Ceramic
Building materials
Stucco
Roof type
Composition
Listing Agency:
Century 21 Select Real Estate
(559) 733-9696
Listed By:
Matt Thompson · License #01081237
(559) 936-7545
Added: May 3, 2021
Changed: Jul 29
Last Checked: Jul 30 at 1:06AM
MLS# 210803
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.
This multifamily property in Hanford, California, presents an investment opportunity with four updated units situated on 19.4 acres. The property is zoned RM15 and benefits from water district water. Each dwelling has been updated with tile flooring, dual pane windows, and air conditioning. There is also a fifth dwelling on the property that could be remodeled. Tenants are responsible for all utility payments. The property includes two 3-bedroom, 2-bath units, each measuring 1284 square feet, and two 2-bedroom, 2-bath units, each measuring 805 square feet. The total property size is 4178 square feet.
Key Highlights
- 4‑unit property on 19.4 acres zoned RM15, with a 5th dwelling on‑site that can be remodeled and made usable again
- Unit mix: two 3‑bed/2‑bath units with 1,284 SF each and two 2‑bed/2‑bath units with 805 SF each
- Updates include tile flooring, dual pane windows, and air conditioning in each of the 4 dwellings
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 | $76.7k | $18.36 |
| − Vacancy | −$3.5k | −$0.84 |
| EGI | $73.2k | $17.52 |
| − OpEx | −$22.0k | −$5.26 |
| NOI | $51.2k | $12.27 |
4,178 SF · lease $18.36/SF/yr · vacancy 4.56% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$732.1K
$640.6K – $854.1K
NOI $51,247 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$652.5K
$571.0K – $761.3K
NOI $45,677 @ 7.0% cap · market cap 3.26%
Theoretical Best
Healthcare Medical
$1.32M
$1.16M – $1.54M
NOI $92,400 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Four updated units on 19.4 acres, potential for fifth unit.
Where is this quadplex located?
The property is located at 11544 S 10th Avenue Hanford, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 4‑unit property on 19.4 acres zoned RM15, with a 5th dwelling on‑site that can be remodeled and made usable again; Unit mix: two 3‑bed/2‑bath units with 1,284 SF each and two 2‑bed/2‑bath units with 805 SF each; Updates include tile flooring, dual pane windows, and air conditioning in each of the 4 dwellings
