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Property profile & analytics
OFF-MARKET
Investment properties

229 Kings St Avenal, CA 93204-1532

2,302 SF 0.05 ac lot Built 2007
Individually Owned 1-yr Hold Free & Clear
Property ID
US09-1668990
Property summary
AI-generated overview

This exceptional commercial property in Avenal, CA, presents a rare investment opportunity. Situated on a single 0.05-acre parcel, this property boasts two separate addresses: 227 and 229 Kings Street. The building at 229 Kings Street is currently occupied by an established and operational bakery, generating immediate rental income with a long-standing tenant. Adding to its financial strength, the unit at 227 Kings Street has recently been leased to a retail store, providing a second stream of consistent revenue. The combined square footage of both units totals 2,302 square feet, offering significant space for potential future expansion or redevelopment. Located in the heart of downtown Avenal, this property benefits from high visibility and convenient access to local businesses and amenities. The dual-address configuration on a single parcel simplifies ownership and management, making it an attractive proposition for investors seeking a diversified and stable income stream. This turnkey investment offers a compelling blend of immediate cash flow and long-term growth potential, making it an ideal addition to any commercial real estate portfolio. The property is priced at $225,000 and presents a unique chance to acquire a well-established, income-producing asset in a thriving downtown location. This is a truly exceptional opportunity not to be missed.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2007
Construction WOOD
Total area 2,302 SF
Lot 0.05 ac (2,302 SF)
APN 040-175-025-000
UPID US09-1668990
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
Current use
Occupant on record · Public records
  • Irenne's Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Manuel Morillon Guillen · 1 yrs held
Manuel Morillon Guillen
since 2025
Last sale
$200,000
7 recorded transactions
2025
$200,000
2021
Price N/A
2020
Price N/A
2019
Price N/A
2019
Price N/A
2019
Price N/A
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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