4-Unit Quadplex with
New
For Sale
$1,200,000
549 S Del Norte, Kerman, CA 93630
The four residences combine varied bedroom layouts with individual carports and garage access for three units.
Property Size4,000 SF
Days on Market4
Property Features for 549 S Del Norte
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Investment
Units
Unit Mix
1 x 2BD/1BA, 1 x 1BD/1BA, 2 x 2BD/1BA
Multifamily Units
4
Additional Details
Gross Income
$43,825
Tenant in Place
Yes
Building Details
Building Size
4,000 SF
Year Built
1950
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
GateHouse Properties
Listed By:
Allen Mendrin · License #02035462
(714) 660-3995
Source:
Elliman
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 26 at 3:32PM
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 GateHouse Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit property on one APN includes three two-bedroom, one-bath residences and one one-bedroom, one-bath residence. Unit sizes are 1,140 square feet, 1,060 square feet, and 900 square feet each for the two remaining homes. Three units have private garages; all four have carports. The two 900-square-foot units were built in 2012 and feature tile in the main living areas, carpeted bedrooms, and indoor fire sprinkler systems.
Interior improvements vary by unit. The 1,140-square-foot residence received a kitchen and bathroom renovation, including granite counters, stainless steel sink, and a walk-in shower with double vanity. The 1,060-square-foot unit has a remodeled kitchen with granite counters and stainless steel sink, new vinyl flooring, and an exterior porch off the kitchen. Both renovated units include indoor laundry areas or access as described for the larger home. The property is located in Kerman, California, and the building’s year built is 1950.
Interior improvements vary by unit. The 1,140-square-foot residence received a kitchen and bathroom renovation, including granite counters, stainless steel sink, and a walk-in shower with double vanity. The 1,060-square-foot unit has a remodeled kitchen with granite counters and stainless steel sink, new vinyl flooring, and an exterior porch off the kitchen. Both renovated units include indoor laundry areas or access as described for the larger home. The property is located in Kerman, California, and the building’s year built is 1950.
Key Highlights
- Four residential units on one APN: three 2 BD / 1 BA and one 1 BD / 1 BA
- Unit areas: 1,140 SF, 1,060 SF, and 900 SF each for two units
- Three homes have private garages; all four have dedicated carports
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,948
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,960
$1.1M
Cap Rate 7%
$756,400
$756.4K
Cap Rate 9%
$588,311
$588.3K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$80.6K $20.16/SF
− Vacancy
−$5.0K −$1.25/SF
EGI
$75.6K $18.91/SF
− OpEx
−$22.7K −$5.67/SF
NOI
$52.9K $13.24/SF
Area
Fresno County, CA
Vacancy
6.20%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,058,960
Cap Rate 7%
$756,400
Cap Rate 9%
$588,311
Alternative Uses
Best Use
Multifamily LT 5
$756.4K
$661.9K – $882.5K
NOI $52,948 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$722.6K
$632.3K – $843.0K
NOI $50,582 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.13M
$992.0K – $1.32M
NOI $79,359 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 93630, CA
21,103
Population
6,265
Households
3.4
Avg Household Size
31
Median Age
15%
College-Educated
60%
High-School Grad
162.2 sq mi
ZIP Area
130
Density / Sq Mi
$60,388
Median Household Income
$34,489
Median Earnings
$1,187
Median Rent
$343,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - The four residences combine varied bedroom layouts with individual carports and garage access for three units.
Where is this quadplex located?
The property is located at 549 S Del Norte Kerman, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four residential units on one APN: three 2 BD / 1 BA and one 1 BD / 1 BA; Unit areas: 1,140 SF, 1,060 SF, and 900 SF each for two units; Three homes have private garages; all four have dedicated carports
