Two-Unit Residential Income
296 E Coolidge Street Coalinga, CA 93210
For Sale
$319,000
Two separate residential units on a 7,000 sq ft lot, each with its own street address.
Property Size2,086 SF
Lot Size0.16 Acres
Price / SF$152.92
Days on Market30
Property Features for 296 E Coolidge Street
General Information
- Standard status
- Active
- Size
- 2,086 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1915
Listing Agency:
COVA Realty
(805) 469-6969
Listed By:
Jose Vazquez · License #01274024
(805) 469-6969
Source:
Exitrealty
Added: Jun 25
Changed: Jul 23
Last Checked: Jul 23 at 6:19AM
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 COVA Realty
Investment Insights
Based on property information with market context.
This for-sale two-unit residential income property includes two separate units, with each unit having its own address. The sellers describe the offering as two units on a 7,000 sq ft lot.
Public records reflect 1,066 sq ft for one unit and approximately 1,020 sq ft for the other, for a combined total of approximately 2,086 sq ft based on a report from the Fresno County offices. Documentation has been uploaded to the MLS, and copies are available upon request from the listing agent.
The seller is performing a 1031 exchange, and the buyer agrees to cooperate at no cost or liability to the buyer. Buyers and buyers’ agents are advised to independently verify square footage, permits, and property characteristics through the Fresno County Office and any other sources deemed appropriate.
Public records reflect 1,066 sq ft for one unit and approximately 1,020 sq ft for the other, for a combined total of approximately 2,086 sq ft based on a report from the Fresno County offices. Documentation has been uploaded to the MLS, and copies are available upon request from the listing agent.
The seller is performing a 1031 exchange, and the buyer agrees to cooperate at no cost or liability to the buyer. Buyers and buyers’ agents are advised to independently verify square footage, permits, and property characteristics through the Fresno County Office and any other sources deemed appropriate.
Key Highlights
- Two residential units on a 7,000 sq ft lot, each with its own street address
- Year built: 1915
- Public records show 1,066 sq ft, but seller reports Fresno County indicates ~1,066 sq ft for Unit 296 Coolidge and ~1,020 sq ft for Unit 155 Hachman (total ~2,086 sq ft)
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 | $42.1k | $20.16 |
| − Vacancy | −$2.6k | −$1.25 |
| EGI | $39.4k | $18.91 |
| − OpEx | −$11.8k | −$5.67 |
| NOI | $27.6k | $13.24 |
2,086 SF · lease $20.16/SF/yr · vacancy 6.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$394.5K
$345.2K – $460.2K
NOI $27,612 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$376.8K
$329.7K – $439.7K
NOI $26,379 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$591.2K
$517.3K – $689.8K
NOI $41,386 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate residential units on a 7,000 sq ft lot, each with its own street address.
Where is this duplex located?
The property is located at 296 E Coolidge Street Coalinga, CA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Two residential units on a 7,000 sq ft lot, each with its own street address; Year built: 1915; Public records show 1,066 sq ft, but seller reports Fresno County indicates ~1,066 sq ft for Unit 296 Coolidge and ~1,020 sq ft for Unit 155 Hachman (total ~2,086 sq ft)
