16-Unit Apartment
For Sale
$2,995,000
1228 Jefferson Avenue, Clovis, CA 93612
Sixteen two-bedroom residences include an on-site laundry facility and a consistent unit configuration.
Property Size12,000 SF
Days on Market196
Property Features for 1228 Jefferson Avenue
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Multi Family Home
Units
Unit Mix
16 x 2BR/1BA
Multifamily Units
16
Additional Details
Gross Income
$198,864
Amenities
on-site laundry
Building Details
Building Size
12,000 SF
Year Built
1965
Stories
2
Units
16
Listing Agency:
The JKRE Investment Group
(559) 212-4489
Listed By:
Jin Kim · License #01456017
(559) 212-4489
Source:
Coalingamidstaterealty
Added: Jan 21
Changed: Aug 3
Last Checked: Aug 5 at 1:41PM
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 The JKRE Investment Group
Investment Insights
Based on property information with market context.
This 16-unit apartment building contains sixteen two-bedroom, one-bathroom residences, each measuring approximately 750 square feet. The uniform floor plans create a consistent residential layout across the property, while an on-site laundry facility serves the occupants and provides an additional property feature. Built in 1965, the asset is configured as a multifamily residential property with established improvements.
The property is located at 1228 Jefferson Avenue in Clovis, California, within the 93612 ZIP code. Its unit count, repeated two-bedroom layout, and on-site laundry component define the primary operating features of the offering.
The property is located at 1228 Jefferson Avenue in Clovis, California, within the 93612 ZIP code. Its unit count, repeated two-bedroom layout, and on-site laundry component define the primary operating features of the offering.
Key Highlights
- 16‑unit multifamily property
- Sixteen 2‑bedroom, 1‑bathroom units
- Each unit is approximately 750 square feet
Financial Insights For Apartment 5plus
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 | $302.4k | $25.20 |
| − Vacancy | −$16.6k | −$1.39 |
| EGI | $285.8k | $23.81 |
| − OpEx | −$128.6k | −$10.72 |
| NOI | $157.2k | $13.10 |
12,000 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.25M
$1.96M – $2.62M
NOI $157,172 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.02M
$2.65M – $3.53M
NOI $211,622 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
1,544
Businesses Nearby
Explore this area
Business Placement
Demographics for 93612, CA
37,368
Population
14,362
Households
2.6
Avg Household Size
34
Median Age
21%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
5,577
Density / Sq Mi
$64,079
Median Household Income
$40,460
Median Earnings
$1,410
Median Rent
$311,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Sixteen two-bedroom residences include an on-site laundry facility and a consistent unit configuration.
Where is this apartment building located?
The property is located at 1228 Jefferson Avenue Clovis, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 16‑unit multifamily property; Sixteen 2‑bedroom, 1‑bathroom units; Each unit is approximately 750 square feet
