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Building Details

Year Built 2026

Listing Agency: The Mora Partners, Inc

Listed By: Eric Mora · License #CA DRE02227690 Show Phone

Source: Crexi

Added: May 26 Changed: Oct 10 Last Checked: Oct 14 at 8:12PM

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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 The Mora Partners, Inc

Investment Insights

Based on property information with market context.

Completed in 2026, this 2,860-square-foot triplex contains eight bedrooms and five bathrooms across a 1,450-square-foot main residence, a 500-square-foot attached Junior ADU, and a detached 910-square-foot ADU. The three living areas provide separate kitchens, stove appliances, washer and dryer hookups, and independent gas and electric meters.

Additional improvements include paid-off solar systems serving the main residence and detached ADU, tankless water heaters, and vinyl flooring. The property also includes professionally landscaped front and rear yards with sprinkler systems. R-1 zoning supports the property’s residential configuration.

Key Highlights

• 2,860‑square‑foot triplex completed in 2026
• Eight bedrooms and five bathrooms across three separate living spaces
• 1,450‑square‑foot main residence with a 500‑square‑foot attached Junior ADU

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,698

Cap Rate

4.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$713,960 $714.0K

Cap Rate 7%

$509,971 $510.0K

Cap Rate 9%

$396,644 $396.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,860 SF

Gross rent

$52.5K $18.36/SF

− Vacancy

−$1.5K −$0.53/SF

EGI

$51.0K $17.83/SF

− OpEx

−$15.3K −$5.35/SF

NOI

$35.7K $12.48/SF

Area

Kern County, CA

Vacancy

2.88%

Lease Rate

$18.36 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$713,960

Cap Rate 7%

$509,971

Cap Rate 9%

$396,644

Alternative Uses

Best Use

Multifamily LT 5

$510.0K

$446.2K – $595.0K (±1% cap)

NOI $35,698 @ 7.0% cap · market cap 4.99%

Second Best

Apartment 5plus

$470.7K

$411.8K – $549.1K (±1% cap)

NOI $32,947 @ 7.0% cap · market cap 4.61%

Theoretical Best

Warehouse

$611.0K

$534.6K – $712.8K (±1% cap)

NOI $42,768 @ 7.0% cap · market cap 5.98%

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

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Computer & Electronic Repair Parking Lot & Garage HVAC Service Locksmith

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

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

914

Businesses Nearby

Explore this area Business Placement

Demographics for 93215, CA

53,626

Population

13,207

Households

4.1

Avg Household Size

32

Median Age

8%

College-Educated

62%

High-School Grad

145.5 sq mi

ZIP Area

369

Density / Sq Mi

$61,329

Median Household Income

$26,998

Median Earnings

$1,085

Median Rent

$271,700

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Newly built residential income property with three separate living spaces and individually metered utilities.

Where is this triplex located?

The property is located at 1646 Clinton Street Delano, CA.

What is the asking price?

The asking price for this property is $714,990.

What are key features of this property?

This property features: 2,860‑square‑foot triplex completed in 2026; Eight bedrooms and five bathrooms across three separate living spaces; 1,450‑square‑foot main residence with a 500‑square‑foot attached Junior ADU