Property summary
This exceptional investment opportunity presents a fully remodeled, six-unit apartment complex in Lemoore, CA. The property, situated on a 0.253-acre lot (APN 021-210-042), boasts a single-story building totaling approximately 5,338 square feet. Each of the six units features two bedrooms and one bathroom, encompassing approximately 889 square feet each. All units are currently 100% occupied with one-year leases, featuring separately metered gas and electricity, private fenced patios, and… private entrances. On-site laundry is available for tenant convenience. The property underwent a complete renovation in 2023. The current Net Operating Income (NOI) is $59,616, yielding a 4.59% cap rate. However, a significant value-add opportunity exists due to current rents being below market value. Comparable properties in the area command $1550-$1650 per month, suggesting a potential increase in annual gross income to $120,600, resulting in a pro-forma cap rate of 6.33% and a pro-forma NOI of $82,296. The property is conveniently located near Highway 198 and Highway 41, with easy access to shopping centers featuring national tenants such as Dutch Bros Coffee, Save Mart, Dollar Tree, Jack in the Box, and Walgreens. The surrounding neighborhood is primarily residential, with elementary, middle, and high schools within a few miles. Ample on-site parking and exterior lighting enhance the property's appeal. The asking price is $1,300,000, representing a price per unit of $216,666.67 and a land value of $243.54 per square foot. This property offers a compelling combination of immediate income and significant upside potential in a strong rental market. The property is zoned RMD - Medium Density Residential.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
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Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
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