Four-Unit Quadplex with Remodeling
For Sale
$799,950
14859 W Kearney Boulevard, Kerman, CA 93630
Four rental units on one lot built in 1978, including multiple 1-bedroom plus loft and 3-bedroom layouts.
Days on Market34
Property Features for 14859 W Kearney Boulevard
General Information
Standard status
Active
Property subtype
Multi Family Home
Building Details
Building Size
2,993 SF
Year Built
1978
Tenancy
Multi
Listing Agency:
Boyd & Associates
(559) 709-8507
Listed By:
Brian A. Ellsworth · License #01230440
(559) 709-8507
Source:
Coalingamidstaterealty
Added: Jun 30
Changed: Jul 30
Last Checked: Aug 2 at 12:48PM
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 Boyd & Associates
Investment Insights
Based on property information with market context.
This four-unit quadplex offers four rental units on one lot. The unit mix includes two 3-bedroom, 1-bath units, plus additional 1-bedroom, 1-bath configuration with a loft. One of the units is currently being remodeled, which may help tailor it for the next tenant while maintaining the overall rental structure.
Built in 1978, the property is arranged as a compact multi-unit investment where you can keep all units as rentals or occupy one unit while leasing the others. The remaining unit configurations provide flexibility for different household types.
For buyers looking for a straightforward four-door setup, this property combines an established multi-family structure with an in-progress interior renovation to support future leasing.
Built in 1978, the property is arranged as a compact multi-unit investment where you can keep all units as rentals or occupy one unit while leasing the others. The remaining unit configurations provide flexibility for different household types.
For buyers looking for a straightforward four-door setup, this property combines an established multi-family structure with an in-progress interior renovation to support future leasing.
Key Highlights
- Four rental units on one lot
- Two 3‑bedroom, 1‑bath units
- One unit with a 1‑bedroom plus loft and 1 bath
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 | $60.3k | $20.16 |
| − Vacancy | −$3.7k | −$1.25 |
| EGI | $56.6k | $18.91 |
| − OpEx | −$17.0k | −$5.67 |
| NOI | $39.6k | $13.24 |
2,993 SF · lease $20.16/SF/yr · vacancy 6.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$566.0K
$495.2K – $660.3K
NOI $39,619 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$540.7K
$473.1K – $630.8K
NOI $37,848 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$848.3K
$742.3K – $989.7K
NOI $59,380 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 93630, CA
21,103
Population
6,265
Households
3.4
Avg Household Size
31
Median Age
15%
College-Educated
60%
High-School Grad
162.2 sq mi
ZIP Area
130
Density / Sq Mi
$60,388
Median Household Income
$34,489
Median Earnings
$1,187
Median Rent
$343,400
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?
Quadplex - Four rental units on one lot built in 1978, including multiple 1-bedroom plus loft and 3-bedroom layouts.
Where is this quadplex located?
The property is located at 14859 W Kearney Boulevard Kerman, CA.
What is the asking price?
The asking price for this property is $799,950.
What are key features of this property?
This property features: Four rental units on one lot; Two 3‑bedroom, 1‑bath units; One unit with a 1‑bedroom plus loft and 1 bath
