Six-Unit Apartment
For Sale
$626,000
308 Orange Avenue, Arvin, CA 93203
Residential Income, Arvin, CA
Property Size2,197 SF
Lot Size0.18 Acres
Price / SF$284.93
Days on Market24
Property Features for 308 Orange Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Covered, Garage
Elementary school
Sierra Vista
Middle school
Haven Drive
High school
Arvin
Elementary school district
Arvin Union
Subdivision
99
Standard status
Active
APN
19123102
Size
2,197 SF
Lot size
0.18 Acres
Building Details
Year built
1937
Floors in Building
1
Number of units
6
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
Clint J Bottoms
(661) 808-8152
Added: Sep 23
Changed: Oct 14
Last Checked: Oct 16 at 2:06PM
MLS# 202610241
Copyright © 2026 Golden Empire MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This apartment property comprises two triplexes on adjoining parcels offered together at 302 and 308 Orange Avenue in Arvin. The combined building area is 2,197 square feet on 0.1806 acres, and the improvements date to 1937. Covered parking and garage parking are listed among the property features.
The six-unit mix includes a studio and two one-bedroom, one-bathroom apartments at 302 Orange Avenue. At 308 Orange Avenue, the layout consists of a three-bedroom, one-bathroom unit and two studios. All six units are occupied, with tenants on month-to-month agreements.
An additional unit may be possible at 302, subject to buyer due diligence and applicable permitting. Both parcels are to be acquired as a single package.
The six-unit mix includes a studio and two one-bedroom, one-bathroom apartments at 302 Orange Avenue. At 308 Orange Avenue, the layout consists of a three-bedroom, one-bathroom unit and two studios. All six units are occupied, with tenants on month-to-month agreements.
An additional unit may be possible at 302, subject to buyer due diligence and applicable permitting. Both parcels are to be acquired as a single package.
Key Highlights
- Six apartments across two adjoining parcels, offered together
- 2,197 square feet of building area on 0.1806 acres
- 302 Orange Avenue: one studio and two 1BR/1BA units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,310
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,200
$506.2K
Cap Rate 7%
$361,571
$361.6K
Cap Rate 9%
$281,222
$281.2K
Market Conditions
NOI Build-Up for 2,197 SF
Gross rent
$47.5K $21.60/SF
− Vacancy
−$1.4K −$0.65/SF
EGI
$46.0K $20.95/SF
− OpEx
−$20.7K −$9.43/SF
NOI
$25.3K $11.52/SF
Area
Kern County, CA
Vacancy
3.03%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$506,200
Cap Rate 7%
$361,571
Cap Rate 9%
$281,222
Alternative Uses
Best Use
Apartment 5plus
$361.6K
$316.4K – $421.8K
NOI $25,310 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$469.3K
$410.7K – $547.6K
NOI $32,854 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Explore this area
Business Placement
Demographics for 93203, CA
20,777
Population
5,005
Households
4.2
Avg Household Size
27
Median Age
4%
College-Educated
45%
High-School Grad
172.0 sq mi
ZIP Area
121
Density / Sq Mi
$49,918
Median Household Income
$28,103
Median Earnings
$1,086
Median Rent
$247,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two adjoining parcels contain six occupied units with month-to-month tenancy.
Where is this apartment building located?
The property is located at 308 Orange Avenue Arvin, CA.
What is the asking price?
The asking price for this property is $626,000.
What are key features of this property?
This property features: Six apartments across two adjoining parcels, offered together; 2,197 square feet of building area on 0.1806 acres; 302 Orange Avenue: one studio and two 1BR/1BA units
