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Property profile & analytics
OFF-MARKET
Commercial real estate

11741 11Th Ave Hanford, CA 93230

4.78 ac lot
Individually Owned 4-yr Hold
Property ID
US09-3377019
Property summary
AI-generated overview

This exceptional 4.78-acre commercial land parcel, located at 11741 S 11th Ave in Hanford, California (zip code 93230), presents a remarkable development opportunity. Currently zoned RM within Kings County, this property is ideally situated on the lively intersection of 11th Avenue and Bonneyview Lane in South Hanford. Detailed site plans for a 69-unit multi-family development are available, currently pending city approval. The proposed project encompasses eleven 4-bedroom, 2-bathroom apartment buildings, one single-family residence, and two accessory structures with carports, complemented by open parking areas. The property's APN is 011420031000. While the land value is currently listed at $0/SF, the asking price for this exceptional development opportunity is $499,900. This represents a unique chance to acquire a substantial parcel in a desirable location with significant potential for future growth and return on investment. The available site plans provide a comprehensive blueprint for a substantial multi-family development, offering a clear path towards realizing the property's full potential. This is an exceptional opportunity for developers seeking a prime location and a well-defined project plan.

Property profile
Verified
Property type Commercial real estate
Lot 4.78 ac (208,217 SF)
APN 011420031000
UPID US09-3377019
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Bill Grimm · 4 yrs held
Bill Grimm
since 2021
4 recorded transactions
2021
$230,000
2019
$150,000
2019
$141,418
2016
$140,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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