Building Details

Building Size 725 SF

Year Built 1936

Buildings 2

Stories 1

Listing Agency: Lemoore Real Estate

Listed By: Patricia Ruiz Show Phone

Source: Kw

Added: Feb 10 Changed: Oct 13 Last Checked: Oct 12 at 6:07PM

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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 Lemoore Real Estate

Investment Insights

Based on property information with market context.

This multifamily property includes two separate structures on one lot. The improvements consist of a small two-bedroom residence and a manufactured home, providing a two-residence configuration for an owner or investor. Interior features include a gas range/oven, while composition siding is listed among the exterior features. The property was built in 1936 and is located at 128 E Mariposa Street in Avenal, California.

Key Highlights

• Two structures situated on one lot
• Small two‑bedroom residence
• Manufactured home included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$7,926

Cap Rate

4.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$158,520 $158.5K

Cap Rate 7%

$113,229 $113.2K

Cap Rate 9%

$88,067 $88.1K

Market Conditions

NOI Build-Up for 725 SF

Gross rent

$15.1K $20.88/SF

− Vacancy

−$727 −$1.00/SF

EGI

$14.4K $19.88/SF

− OpEx

−$6.5K −$8.94/SF

NOI

$7.9K $10.93/SF

Area

Kings County, CA

Vacancy

4.80%

Lease Rate

$20.88 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$158,520

Cap Rate 7%

$113,229

Cap Rate 9%

$88,067

Alternative Uses

Best Use

Apartment 5plus

$113.2K

$99.1K – $132.1K (±1% cap)

NOI $7,926 @ 7.0% cap · market cap 4.40%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$229.1K

$200.4K – $267.2K (±1% cap)

NOI $16,034 @ 7.0% cap · market cap 8.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Electrical Service Plumbing Service Spa & Massage Center HVAC Service (Bike/Boat/Book/etc) Store Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

250

Businesses Nearby

Explore this area Business Placement

Demographics for 93204, CA

13,720

Population

3,085

Households

4.4

Avg Household Size

35

Median Age

4%

College-Educated

51%

High-School Grad

70.6 sq mi

ZIP Area

194

Density / Sq Mi

$52,986

Median Household Income

$30,199

Median Earnings

$1,060

Median Rent

$224,800

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Multifamily property - Two residences occupy one lot, including a two-bedroom home and a manufactured home.

Where is this multifamily property located?

The property is located at 128 E Mariposa Street Avenal, CA.

What is the asking price?

The asking price for this property is $180,000.

What are key features of this property?

This property features: Two structures situated on one lot; Small two‑bedroom residence; Manufactured home included