672 E Tache Coalinga, CA 93210

Listing agency Realty Executives of Merced

Listed by Genine Esparza · License #DRA 01935315

Source Crexi

Added: Mar 16 Updated: Jul 6 at 12:01PM Checked: Jul 22 at 6:43AM

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Investment Insights

Based on property information with market context.

This property presents an investment and development opportunity in Coalinga, California, featuring two existing homes on approximately 1.2 acres. The land has been surveyed and is in the initial phase of subdivision, potentially allowing for the development of up to 16 units, although verification with the City is required. The property offers immediate rental income alongside future development possibilities. Unit 1 is approximately 800 square feet and includes 1 bedroom and 1 bathroom. It has been remodeled and features a wall heater and swamp cooler. This unit is currently rented on a month-to-month basis. Unit 2, approximately 1000 square feet, contains 2 bedrooms and 1 bathroom. It is currently undergoing remodeling, which includes new tile, an updated kitchen, new cabinetry, quartz countertops, and vinyl flooring. This unit also features a wall heater and swamp cooler.

Key Highlights

• Unique investment and development opportunity.
• Approximately 1.2 acres of land already surveyed and in the first phase of subdivision.
• Potential for development of up to 16 units (buyer to verify with City).

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FAQs

What type of property is this?

Multifamily property - Two homes on 1.2 acres with development potential.

Where is this multifamily property located?

The property is located at 672 E Tache Coalinga, CA.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: Unique investment and development opportunity.; Approximately 1.2 acres of land already surveyed and in the first phase of subdivision.; Potential for development of up to 16 units (buyer to verify with City).