Remodeled Apartment Housing
For Sale
$1,750,000
638 W Kern Street, Dinuba, CA 93618
Residential Income, Dinuba, CA
Property Size6,950 SF
Lot Size0.80 Acres
Price / SF$251.80
Days on Market157
Property Features for 638 W Kern Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
74
Bathrooms
16
Full bathrooms
16
Rooms
Bedroom 5, Bedroom 14, Bathroom 12, Bedroom 4, Bedroom 35, Bedroom 32, Bedroom 65, Bedroom 44, Bedroom 3, Bedroom 21, Bedroom 17, Bathroom 2, Bedroom 42, Bathroom 9, Bedroom 52, Bedroom 19, Bedroom 39, Bedroom 53, Bedroom 62, Bedroom 64, Bedroom 46, Bathroom 5, Bedroom 66, Bedroom 7, Bedroom 41, Bedroom 9, Bedroom 49, Bedroom 47, Bedroom 20, Bedroom 6, Bedroom 74, Bathroom 6, Bedroom 12, Bedroom 22, Bedroom 56, Bedroom 58, Bathroom 14, Bedroom 30, Bedroom 37, Bedroom 51, Bathroom 3, Bedroom 63, Bedroom 27, Bedroom 26, Bedroom 38, Bedroom 54, Bedroom 40, Bedroom 16, Bedroom 60, Bedroom 31, Bedroom 25, Bedroom 70, Bedroom 36, Bedroom 69, Bedroom 11, Bathroom 16, Bedroom 29, Bedroom 28, Bathroom 13, Bedroom 13, Bedroom 10, Bedroom 1, Bedroom 24, Bedroom 61, Bedroom 68, Bedroom 45, Bedroom 71, Bedroom 59, Bathroom 1, Bathroom 11, Bedroom 67, Bedroom 33, Bedroom 15, Bedroom 48, Bedroom 34, Bedroom 43, Bedroom 73, Bathroom 15, Bedroom 8, Bedroom 57, Bathroom 4, Bathroom 7, Bathroom 8, Bedroom 55, Bedroom 18, Bedroom 2, Bedroom 72, Bedroom 23, Bedroom 50, Bathroom 10
Directions
Kern Corner
Subdivision
Dinuba
Standard status
Active
APN
017173005
Size
6,950 SF
Lot size
0.80 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric, Ceiling Fan(s)
Water source
Public
Amenities
laundry facility
video security system
commercial kitchen
covered outdoor dining area
Building Details
Year built
1980
Floors in Building
1
Number of units
15
Roof type
Metal
Listing Agency:
The Equity Group
(559) 732-8800
Listed By:
Franklin J Romine · License #01367450
(559) 804-4422
Added: May 11
Changed: Oct 2
Last Checked: Oct 14 at 12:06PM
MLS# 241610
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.
Investment Insights
Based on property information with market context.
This 6,950-square-foot apartment property occupies 0.8 acres in Dinuba and consists of multiple buildings configured for H-2A workforce housing. The facility is currently permitted for up to 74 beds and was remodeled in 2020. Improvements include sleeping accommodations, multiple restrooms and showers, a laundry facility, metal roofs, updated flooring and lighting, landscaping, rain gutters, and video security. Public water and public sewer serve the property, with natural gas heating and electric cooling.
A commercial-grade kitchen includes a walk-in refrigerator and freezer and can prepare and store more than 1,000 meals per day. The site also features an approximately 1,000-square-foot covered concrete outdoor dining area, a large gravel staging yard, two 20-foot storage containers, and secured fencing with gated access. Other residential and institutional uses, including assisted living, senior housing, transitional housing, rehabilitation housing, supportive housing, nonprofit or faith-based housing, group housing, employee housing, and educational or training facilities, remain subject to zoning, licensing, occupancy requirements, and governmental approvals.
A commercial-grade kitchen includes a walk-in refrigerator and freezer and can prepare and store more than 1,000 meals per day. The site also features an approximately 1,000-square-foot covered concrete outdoor dining area, a large gravel staging yard, two 20-foot storage containers, and secured fencing with gated access. Other residential and institutional uses, including assisted living, senior housing, transitional housing, rehabilitation housing, supportive housing, nonprofit or faith-based housing, group housing, employee housing, and educational or training facilities, remain subject to zoning, licensing, occupancy requirements, and governmental approvals.
Key Highlights
- 6,950‑square‑foot multi‑building apartment property on 0.8 acres
- Currently permitted for up to 74 beds and configured for H‑2A workforce housing
- Remodeled in 2020 with updated flooring, lighting, metal roofs, landscaping, and video security
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,714
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,280
$1.2M
Cap Rate 7%
$824,486
$824.5K
Cap Rate 9%
$641,267
$641.3K
Market Conditions
NOI Build-Up for 6,950 SF
Gross rent
$112.6K $16.20/SF
− Vacancy
−$7.7K −$1.10/SF
EGI
$104.9K $15.10/SF
− OpEx
−$47.2K −$6.79/SF
NOI
$57.7K $8.30/SF
Area
Tulare County, CA
Vacancy
6.80%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,280
Cap Rate 7%
$824,486
Cap Rate 9%
$641,267
Alternative Uses
Best Use
Apartment 5plus
$824.5K
$721.4K – $961.9K
NOI $57,714 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.11M
$1.85M – $2.46M
NOI $147,774 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Explore this area
Business Placement
Demographics for 93618, CA
30,709
Population
9,040
Households
3.4
Avg Household Size
30
Median Age
14%
College-Educated
71%
High-School Grad
66.9 sq mi
ZIP Area
459
Density / Sq Mi
$63,190
Median Household Income
$31,976
Median Earnings
$1,125
Median Rent
$272,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multi-building housing property with shared sleeping, restroom, shower, laundry, dining, and commercial kitchen facilities.
Where is this apartment building located?
The property is located at 638 W Kern Street Dinuba, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 6,950‑square‑foot multi‑building apartment property on 0.8 acres; Currently permitted for up to 74 beds and configured for H‑2A workforce housing; Remodeled in 2020 with updated flooring, lighting, metal roofs, landscaping, and video security
