For Sale
$899,000

7486 Nebraska AveSelma, CA 93662

10-Acre Almond Orchard with Apartment Building

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity in Selma, CA! This multifamily property boasts a 1,730 sq ft apartment building situated on a sprawling 10-acre parcel of land currently producing almonds. The almond orchard, featuring 15-year-old Nonpareil and Monterey varieties, is irrigated by a sprinkler system and serviced by two wells – one for the house and one for the farm. The property also benefits from access to CID water (buyer verification required). The apartment building itself includes four bedrooms and three bathrooms, with a potential fifth bedroom or office space. Recent updates have been made to the house. Please note that the tax records understate the actual square footage of the building. Potential buyers should be aware of the Sustainable Groundwater Management Act (SGMA) and its implications for groundwater pumping, and are encouraged to review the SGMA website for further details. This property presents a unique blend of residential and agricultural income potential, making it an attractive investment for discerning buyers. The asking price is $899,000, reflecting a price per square foot of $519.65. This represents a significant price reduction from the original listing.

Highlights

  • Selma, CA multifamily investment opportunity: 1,730 sq ft apartment building on 10 acres of almond orchard.
  • 15-year-old Nonpareil and Monterey almond trees, sprinkler irrigation, two wells.
  • Four bedrooms, three bathrooms, potential fifth bedroom/office; recent updates.
  • Tax records understate building square footage; CID water access (buyer verification needed).
  • $899,000 asking price ($519.65/sq ft); significant price reduction from original listing. Buyer to verify SGMA compliance.

Property Details for 7486 Nebraska Ave

Property type
Apartment buildings
Square Feet
1,730 SF
Lot Size (sq. ft)
435,600 SF

Location Insight

City
Selma
County
Fresno
State
California
Latitude
36.5617991
Longitude
-119.6554515
7486 Nebraska Ave, Selma, California

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7486 Nebraska Ave
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