Approved Multifamily Development
For Sale
$400,000
421 South Laspina Street, Tulare, CA 93274
Approved 5-unit multifamily development opportunity in Tulare, California.
Property Size20,473 SF
Lot Size0.47 Acres
Price / SF$19.54
Days on Market441
Property Features for 421 South Laspina Street
General Information
Standard status
Active
Size
20,473 SF
Lot size
0.47 Acres
Property subtype
Lots and Land / Commercial
Listing Agency:
The Equity Group
(559) 343-3049
Listed By:
Jason D Ritchie · License #01948820
(559) 343-3049
Source:
Compass
Added: May 27, 2025
Changed: Aug 8
Last Checked: Jul 16 at 6:54AM
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 The Equity Group
Investment Insights
Based on property information with market context.
This property presents an approved 5-unit multifamily development opportunity located in Tulare, California. The property has an area of 20,473 square feet and comes with approved plans ready for construction. The project includes a total of 5 units, each featuring 2 bedrooms, 2 baths, and a 2-car garage. Every unit includes its own private outdoor space. Unit A has 1,396 square feet, Units B, C, and D each have 1,382 square feet, and Unit E has 1,296 square feet, for a total living area of approximately 6,838 square feet. The zoning is approved for multifamily residential use. Rent pro forma and construction bid, approved tentative map documents are available. This is a ready-to-build 5-unit project in a growing Tulare neighborhood with modern 2-bedroom layouts with garages and private yards. It is ideal for investors or small-scale developers with strong rental potential supported by pro forma income analysis.
Key Highlights
- Approved 5‑unit multifamily development opportunity – ready to build.
- Each unit features 2 bedrooms, 2 baths, and a 2‑car garage.
- Includes private yards for each unit.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 93274, CA
78,493
Population
24,493
Households
3.2
Avg Household Size
31
Median Age
11%
College-Educated
75%
High-School Grad
219.2 sq mi
ZIP Area
358
Density / Sq Mi
$69,905
Median Household Income
$37,434
Median Earnings
$1,334
Median Rent
$300,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Approved 5-unit multifamily development opportunity in Tulare, California.
Where is this residential land & home lot located?
The property is located at 421 South Laspina Street Tulare, CA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Approved 5‑unit multifamily development opportunity – ready to build.; Each unit features 2 bedrooms, 2 baths, and a 2‑car garage.; Includes private yards for each unit.
