Three-Unit Multifamily
35373 Pine Drive, Springville, CA 93265
For Sale
$499,000
Residential Income, Springville, CA
Property Size2,604 SF
Lot Size0.06 Acres
Price / SF$191.63
Days on Market386
Property Features for 35373 Pine Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Bella Homes and Properties,Inc
Listed By:
Casey J Castillo · License CA #01860804
(559) 359-3333
Added: Oct 20, 2025
Changed: Oct 27
Last Checked: Nov 9 at 12:06PM
MLS# 237971
Copyright © 2026 Tulare County MLS. 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 triplex contains 2,604 square feet of residential space on a 0.06-acre parcel. The property was built in 1951 and includes carport parking, a laundry room, multiple bathrooms, and multiple bedrooms. Cooling is provided through ceiling fans, wall units, and window units.
The property is located in Springville, California, near shopping and dining. Public water and public sewer serve the site, providing established municipal utility connections for the residential improvements. All three units are currently rented.
The property is located in Springville, California, near shopping and dining. Public water and public sewer serve the site, providing established municipal utility connections for the residential improvements. All three units are currently rented.
Key Highlights
- Triplex with 2,604 square feet of residential space
- All units are currently rented
- 0.06‑acre parcel in Springville, CA 93265
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,530
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,600
$470.6K
Cap Rate 7%
$336,143
$336.1K
Cap Rate 9%
$261,444
$261.4K
Market Conditions
NOI Build-Up for 2,604 SF
Gross rent
$35.9K $13.80/SF
− Vacancy
−$2.3K −$0.89/SF
EGI
$33.6K $12.91/SF
− OpEx
−$10.1K −$3.87/SF
NOI
$23.5K $9.04/SF
Area
Tulare County, CA
Vacancy
6.46%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,600
Cap Rate 7%
$336,143
Cap Rate 9%
$261,444
Alternative Uses
Best Use
Multifamily LT 5
$336.1K
$294.1K – $392.2K
NOI $23,530 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$308.9K
$270.3K – $360.4K
NOI $21,624 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$791.0K
$692.1K – $922.8K
NOI $55,368 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 93265, CA
4,117
Population
1,901
Households
2.2
Avg Household Size
50
Median Age
43%
College-Educated
96%
High-School Grad
389.7 sq mi
ZIP Area
11
Density / Sq Mi
$103,672
Median Household Income
$61,302
Median Earnings
$440,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - All units are currently rented, with carport parking and a mix of ceiling fan and wall or window cooling.
Where is this triplex located?
The property is located at 35373 Pine Drive Springville, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Triplex with 2,604 square feet of residential space; All units are currently rented; 0.06‑acre parcel in Springville, CA 93265
