8-Bedroom Triplex with Two
For Sale
Contact for pricing
1646 Clinton Street, Delano, CA 93215
Newly built residential income property with three separate living spaces and individually metered utilities.
Property Size2,860 SF
Price / SF$253.49
Days on Market98
Property Features for 1646 Clinton Street
General Information
Standard status
Active
Size
2,860 SF
Property subtype
Multifamily
Zoning
R-1
Additional Details
Utilities to Site
Yes
Amenities
washer & dryer hookups
solar
tank-less water heater
professionally landscaped yards
Building Details
Year Built
2026
Listing Agency:
The Mora Partners, Inc
(661) 564-8409
Listed By:
Eric Mora · License #CA DRE02227690
Source:
Crexi
Added: May 26
Changed: Aug 31
Last Checked: Aug 31 at 1:56AM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,698
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$713,960
$714.0K
Cap Rate 7%
$509,971
$510.0K
Cap Rate 9%
$396,644
$396.6K
Market Conditions
NOI Build-Up for 2,860 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $35,698 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$470.7K
$411.8K – $549.1K
NOI $32,947 @ 7.0% cap · market cap 4.54%
Theoretical Best
Warehouse
$611.0K
$534.6K – $712.8K
NOI $42,768 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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 $724,990.
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
