Turnkey Multi-Unit Supported Housing
638 W Kern St Dinuba, CA 93618
638 W Kern St, Dinuba, CA, 93618
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For Sale
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Remodeled multi-unit property permitted for 74 beds, ready for immediate deployment.
Property Size8,000 SF
Price / SF$231.25
Days on Market767
Property Features for 638 W Kern St
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1966
Listing Agency
The Equity Group
(559) 732-0800
Listed by
Franklin Romine · License #01367450
Source
Crexi
Added: Jun 11, 2024 Checked: Jul 17 at 5:24 am
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 multi-unit property, previously utilized as H-2A housing and permitted for up to 74 beds, presents an opportunity for supported housing purposes. These include senior housing, transitional housing, Afghan resettlement programs, and California Department of Social Services-related operations. The remodeled property is turnkey and ready for immediate use. It features a commercial-grade kitchen equipped with a walk-in refrigerator and freezer, capable of producing over 1,000 meals per day. The grounds are fully fenced and gated, providing privacy, security, and controlled access. On-site amenities include a dedicated laundry facility, multiple restrooms and showers, and an outdoor eating and staging area designed for high-occupancy use. The property's size is 8,000 square feet. Net Operating Income is based on a per-bed cash-flow model, reflecting the property’s prior use as a fully rented housing facility.
Key Highlights
- Seller financing available with approximately $1M down payment.
- Permitted for up to 74 beds, suitable for various supported housing uses.
- Turnkey and remodeled, ready for immediate occupancy and operation.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.6k | $16.20 |
| − Vacancy | −$8.8k | −$1.10 |
| EGI | $120.8k | $15.10 |
| − OpEx | −$54.4k | −$6.79 |
| NOI | $66.4k | $8.30 |
8,000 SF · lease $16.20/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$949.0K
$830.4K – $1.11M
NOI $66,433 @ 7.0% cap · market cap 3.59%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.43M
$2.13M – $2.84M
NOI $170,100 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Remodeled multi-unit property permitted for 74 beds, ready for immediate deployment.
Where is this multifamily property located?
The property is located at 638 W Kern St Dinuba, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Seller financing available with approximately $1M down payment.; Permitted for up to 74 beds, suitable for various supported housing uses.; **Turnkey and remodeled, ready for immediate occupancy and operation.**
