Six-Unit Apartment
For Sale
$490,000
156 W Ventura, Dinuba, CA 93618
Two residential structures offer a mixed unit configuration with month-to-month tenant occupancy.
Property Size3,300 SF
Days on Market29
Property Features for 156 W Ventura
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Multi Family Home
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 5 x 1BR/1BA
Multifamily Units
6
Additional Details
Gross Income
$75,300
Utilities to Site
Yes
Amenities
driveway
laundry room
storage room
window AC units
Building Details
Building Size
3,300 SF
Buildings
2
Stories
2
Units
6
Tenancy
Multi
Listing Agency:
M. C. Real Estate Corp
(559) 630-5637
Listed By:
Manuel Chavez. Jr · License #01242471
(559) 630-5637
Source:
Coalingamidstaterealty
Added: Jul 7
Changed: Aug 3
Last Checked: Aug 4 at 12:29PM
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 M. C. Real Estate Corp
Investment Insights
Based on property information with market context.
This apartment property combines a four-unit building with a separate two-unit structure at the rear, creating six residential units in total. The unit mix includes one two-bedroom, one-bath residence and five one-bedroom, one-bath residences. Estimated building areas are 2,100 square feet for the four-plex and 1,200 square feet for the duplex, subject to buyer verification.
All units are occupied under month-to-month tenancy. Property features include a driveway, a rear laundry room, and a storage room. Each residence has its own window AC unit, while the property is served by a single PG&E meter. The roof was replaced approximately 18 years ago. The property is located at 156 W Ventura in Dinuba, California 93618.
All units are occupied under month-to-month tenancy. Property features include a driveway, a rear laundry room, and a storage room. Each residence has its own window AC unit, while the property is served by a single PG&E meter. The roof was replaced approximately 18 years ago. The property is located at 156 W Ventura in Dinuba, California 93618.
Key Highlights
- Six total units across a four‑plex and rear duplex
- Unit mix includes one 2‑bedroom, 1‑bath unit and five 1‑bedroom, 1‑bath units
- All units occupied by month‑to‑month tenants
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 | $53.5k | $16.20 |
| − Vacancy | −$3.6k | −$1.10 |
| EGI | $49.8k | $15.10 |
| − OpEx | −$22.4k | −$6.79 |
| NOI | $27.4k | $8.30 |
3,300 SF · lease $16.20/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$391.5K
$342.6K – $456.7K
NOI $27,404 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.00M
$877.1K – $1.17M
NOI $70,166 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 93618, CA
30,709
Population
9,040
Households
3.4
Avg Household Size
30
Median Age
14%
College-Educated
71%
High-School Grad
66.9 sq mi
ZIP Area
459
Density / Sq Mi
$63,190
Median Household Income
$31,976
Median Earnings
$1,125
Median Rent
$272,600
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 - Two residential structures offer a mixed unit configuration with month-to-month tenant occupancy.
Where is this apartment building located?
The property is located at 156 W Ventura Dinuba, CA.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Six total units across a four‑plex and rear duplex; Unit mix includes one 2‑bedroom, 1‑bath unit and five 1‑bedroom, 1‑bath units; All units occupied by month‑to‑month tenants
