7-Unit Apartment
For Sale
$1,001,000
310 Center Street, Hanford, CA 93230
Two separate parcels support a well-maintained multifamily property with central HVAC and on-site laundry.
Property Size5,109 SF
Lot Size0.32 Acres
Price / SF$195.93
Days on Market225
Property Features for 310 Center Street
General Information
Standard status
Active
Size
5,109 SF
Lot size
0.32 Acres
Property subtype
Apartment
Occupancy
100%
Units
Unit Mix
6 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
7
Parking per Unit
1.5
Additional Details
Utilities to Site
Yes
Amenities
onsite coin-operated laundry
Central
Composition
Building Details
Year Built
1983
Stories
1
Listing Agency:
Savvy Enterprises
Listed By:
Travis Beck · License #02059371
(559) 786-2168
Source:
Kw
Added: Mar 5
Changed: Oct 16
Last Checked: Oct 16 at 6:03AM
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 Savvy Enterprises
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Investment Insights
Based on property information with market context.
This multifamily property comprises seven apartments across two separate APNs at 310 and 314 Center St. The unit mix includes six two-bedroom, one-bath residences and one one-bedroom, one-bath residence, with approximately 5,109 square feet of building area. Constructed in 1983, the property includes central heating and cooling, individually metered gas and electric service, and an on-site coin-operated laundry facility.
The 14,080-square-foot lot provides approximately 1.5 parking spaces per unit. Minimal landscaping reduces exterior upkeep, while the property’s established Hanford setting supports an income-producing residential configuration. All units are currently occupied.
The 14,080-square-foot lot provides approximately 1.5 parking spaces per unit. Minimal landscaping reduces exterior upkeep, while the property’s established Hanford setting supports an income-producing residential configuration. All units are currently occupied.
Key Highlights
- Seven‑unit configuration with six 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
- Approximately 5,109 sq ft of building area on a 14,080 sq ft lot
- Two separate APNs at 310 and 314 Center St in Hanford
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,856
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,117,120
$1.1M
Cap Rate 7%
$797,943
$797.9K
Cap Rate 9%
$620,622
$620.6K
Market Conditions
NOI Build-Up for 5,109 SF
Gross rent
$106.7K $20.88/SF
− Vacancy
−$5.1K −$1.00/SF
EGI
$101.6K $19.88/SF
− OpEx
−$45.7K −$8.94/SF
NOI
$55.9K $10.93/SF
Area
Kings County, CA
Vacancy
4.80%
Lease Rate
$20.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,117,120
Cap Rate 7%
$797,943
Cap Rate 9%
$620,622
Alternative Uses
Best Use
Apartment 5plus
$797.9K
$698.2K – $930.9K
NOI $55,856 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.61M
$1.41M – $1.88M
NOI $112,990 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
7
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,000
Businesses Nearby
Explore this area
Business Placement
Demographics for 93230, CA
68,412
Population
23,149
Households
3
Avg Household Size
34
Median Age
17%
College-Educated
81%
High-School Grad
258.1 sq mi
ZIP Area
265
Density / Sq Mi
$73,558
Median Household Income
$44,074
Median Earnings
$1,208
Median Rent
$321,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two separate parcels support a well-maintained multifamily property with central HVAC and on-site laundry.
Where is this apartment building located?
The property is located at 310 Center Street Hanford, CA.
What is the asking price?
The asking price for this property is $1,001,000.
What are key features of this property?
This property features: Seven‑unit configuration with six 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; Approximately 5,109 sq ft of building area on a 14,080 sq ft lot; Two separate APNs at 310 and 314 Center St in Hanford
