1210 Green St Hanford, CA 93230
- Commercial real estate
- 2,207 SF
Current Use by Public Records
- Commercial real estate
Property Details for 1210 Green St
- Year built
- 1955
- Property size
- 2,207 SF
- Property type
- Commercial real estate
- APN
- 010113011000
Description
This Hanford, CA triplex presents a compelling investment opportunity. Built in 1955, this single-story, 2,207 square foot property sits on a 10,019 square foot lot (APN 010113011000) and boasts a current 4.39% cap rate, with a pro-forma cap rate of 4.83%. The property features three units, each with a private yard and carport, and is currently 100% occupied. Two units are Section 8, with tenants residing for over 12-17 years, offering significant rental stability. Rent increases for 2025 have already been implemented for two units. The property enjoys separately metered gas and electric for each unit, contributing to efficient utility management. The asking price is $425,000, translating to a price per square foot of $148,333. The current Net Operating Income (NOI) is $18,642, projected to increase to $20,520. The property's well-maintained condition, long-term tenants, and potential for increased income make it an attractive prospect for owner-user financing. The clean fences and common areas further enhance the property's appeal. This is a rare opportunity to acquire a stable, cash-flowing multifamily property in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hanford
- County
- Kings
- State
- California
- Longitude
- -119.64112681879
- Latitude
- 36.337675251437
