638 Kern St Dinuba, CA 93618
- Apartment buildings
- 3,744 SF
- 0.80 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 638 Kern St
- Year built
- 1956
- Construction
- WOOD
- Lot size
- 0.80 lot acres
- Property size
- 3,744 SF
- Zone code
- RM-2
- Property type
- Apartment buildings
- APN
- 017-173-005-000
- APU
- 17173005000
Description
This 74-unit apartment building in Dinuba, CA presents a compelling investment opportunity. Located on a 0.82-acre lot at 638 W Kern St, 93618, this Class B property boasts 8,000 square feet of rentable space, currently permitted for 74 beds. Previously used for H-2A housing, it's ideally suited for supported housing, offering significant potential for expansion. The property features four single-story buildings constructed in 1966 and renovated in 2000, including a commercial kitchen capable of producing over 1,000 meals daily, complete with walk-in refrigeration and freezer units. Improvements include metal roofs, new flooring, updated light fixtures, rain gutters, and a video security system. Exterior amenities include a 1,000 square foot shaded concrete eating area, two 20-foot sea trains for storage, and a gravel yard for equipment and vehicle staging. The property is fully fenced and gated, providing enhanced security and privacy. City water and sewer services are available. The property's central location offers convenient access to local stores and transportation, with proximity to Kingsburg (10 miles), Fresno (30 miles), Visalia (20 miles), and Bakersfield (80 miles). The asking price is $3,500,000, representing a price per unit of $47,297.30 and a price per square foot of $437.50. The property offers a strong net operating income (NOI) of $360,000, resulting in a 10.29% cap rate. The property is offered as a 1031 exchange opportunity. APN: 017-173-005-000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,160,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,295,000
- 6.5%
- $1,220,000
- 7%
- $1,355,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,305,000
- Geo Method
- $1,150,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,080,000
- Retail
- $1,375,000
- Mixed-Use
- $1,105,000
- Hospitality
- $1,235,000
- Educational
- $1,215,000
- Residential Income
- $1,120,000
- Energy
- $1,395,000
- Income-Based Land
- $1,135,000
- Food Service
- $1,245,000
Location Insight
- Map
- Local Demand
- City
- Dinuba
- County
- Tulare
- State
- California
- Longitude
- -119.394
- Latitude
- 36.5354
- CBSA code
- 47300
- CBSA name
- VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA
