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Strathmore Duplex with Income Potential

23072 Bruce Drive Strathmore, CA 93267

23072 Bruce Drive, Strathmore, CA, 93267

$265,000

For Sale

$265,000

MULTI_FAMILY - Strathmore, CA

Property Size1,368 SF

Lot Size0.14 Acres

Price / SF$193.71

AddedMay 1, 2025

Days on Market442

Last RefreshJul 16 at 2:06 pm

Property Features for 23072 Bruce Drive

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 3
Bathrooms: 2
Rooms: Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2
Standard status: Active
APN: 215072019000
Size: 1,368 SF
Lot size: 0.14 Acres

Utilities

Sewer type: Public Sewer
Heating system: Wall Furnace
Cooling system: Evaporative Cooling, Window Unit(s), Wall/Window Unit(s)
Water source: Public

Building Details

Year built: 1940
Floors in Building: 1
Number of units: 2
Roof type: Composition

Listing agent Ruben Benitez

Listing office Joy Realty Group 564 N Walch St., Porterville, CA

Listing date May 1, 2025

MLS# 234996 Listing URL

Investment Insights

Based on property information with market context.

This duplex in Strathmore, California, presents various opportunities, including living in one unit and renting the other, renting both, or utilizing one as in-law quarters. It is suitable as a starter home or investment property. The property is conveniently located near schools and grocery shopping, with easy access to Highway 65. The property size is 1368 square feet and the lot size is 0.14 acres. Both units have separate gas and electricity meters but share a water meter.

Key Highlights

Duplex with flexible living options: live in one unit and rent the other, rent both, or use one as a mother‑in‑law quarters
Both units have separate gas and electricity meters, plus shared water meter
Built in 1940

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$18.9k	$13.80
− Vacancy	−$1.2k	−$0.89
EGI	$17.7k	$12.91
− OpEx	−$5.3k	−$3.87
NOI	$12.4k	$9.04

1,368 SF · lease $13.80/SF/yr · vacancy 6.46% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$176.6K

$154.5K – $206.0K (±1% cap)

NOI $12,361 @ 7.0% cap · market cap 4.66%

Second Best

Apartment 5plus

$162.3K

$142.0K – $189.3K (±1% cap)

NOI $11,360 @ 7.0% cap · market cap 4.29%

Theoretical Best

Specialty Retail

$415.5K

$363.6K – $484.8K (±1% cap)

NOI $29,087 @ 7.0% cap · market cap 10.98%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

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For sale
Duplexes
CA
Strathmore
93267
23072 Bruce Drive

What type of property is this?

Duplex - Duplex near schools and Highway 65, ideal for investment.

Where is this duplex located?

The property is located at 23072 Bruce Drive Strathmore, CA.

What is the asking price?

The asking price for this property is $265,000.

What are key features of this property?

This property features: Duplex with flexible living options: live in one unit and rent the other, rent both, or use one as a mother‑in‑law quarters; Both units have separate gas and electricity meters, plus shared water meter; Built in 1940