Mixed-Use Property with
For Sale
$649,000
815 E 5th, Hanford, CA 93230
Two parcels combine residential units with commercial and office improvements, plus a separate apartment.
Property Size4,100 SF
Lot Size0.38 Acres
Days on Market19
Property Features for 815 E 5th
General Information
Standard status
Active
Size
4,100 SF
Lot size
0.38 Acres
Property subtype
Investment
Units
Unit Mix
1 x 3BR/2BA, 1 x 3BR/1BA, 1 x 1BR
Multifamily Units
3
Building Details
Building Size
4,100 SF
Year Built
1950
Units
3
Listing Agency:
All State Homes
Listed By:
Isidro De La Torre · License #01335877
(559) 475-0583
Source:
Elliman
Added: Sep 18
Changed: Sep 30
Last Checked: Oct 5 at 6:32PM
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 All State Homes
Investment Insights
Based on property information with market context.
Located at 815 E 5th in Hanford, this mixed-use property consists of two separate parcels totaling approximately 16,681 square feet. The primary parcel contains a duplex with 2,450 square feet across two residential units: a front residence with 3 bedrooms and 2 bathrooms, and a rear residence with 3 bedrooms and 1 bathroom.
The second parcel adds a commercial shop, office space, and a 1-bedroom apartment, creating a combination of residential and commercial improvements within the same offering. The property was built in 1950. WalkScore is 0, BikeScore is 48, and TransitScore is 17.
The second parcel adds a commercial shop, office space, and a 1-bedroom apartment, creating a combination of residential and commercial improvements within the same offering. The property was built in 1950. WalkScore is 0, BikeScore is 48, and TransitScore is 17.
Key Highlights
- Two separate parcels totaling approximately 16,681 sq. ft.
- Primary parcel includes a 2,450 sq. ft. duplex
- Front duplex unit has 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,290
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,800
$1.0M
Cap Rate 7%
$718,429
$718.4K
Cap Rate 9%
$558,778
$558.8K
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$75.3K $18.36/SF
− Vacancy
−$3.4K −$0.84/SF
EGI
$71.8K $17.52/SF
− OpEx
−$21.6K −$5.26/SF
NOI
$50.3K $12.27/SF
Area
Kings County, CA
Vacancy
4.56%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,005,800
Cap Rate 7%
$718,429
Cap Rate 9%
$558,778
Alternative Uses
Best Use
Multifamily LT 5
$718.4K
$628.6K – $838.2K
NOI $50,290 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$640.3K
$560.3K – $747.1K
NOI $44,824 @ 7.0% cap · market cap 6.91%
Theoretical Best
Healthcare Medical
$1.30M
$1.13M – $1.51M
NOI $90,675 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
Explore this area
Business Placement
Demographics for 93230, CA
68,412
Population
23,149
Households
3
Avg Household Size
34
Median Age
17%
College-Educated
81%
High-School Grad
258.1 sq mi
ZIP Area
265
Density / Sq Mi
$73,558
Median Household Income
$44,074
Median Earnings
$1,208
Median Rent
$321,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Mixed-use property - Two parcels combine residential units with commercial and office improvements, plus a separate apartment.
Where is this mixed-use property located?
The property is located at 815 E 5th Hanford, CA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two separate parcels totaling approximately 16,681 sq. ft.; Primary parcel includes a 2,450 sq. ft. duplex; Front duplex unit has 3 bedrooms and 2 bathrooms
