1210 Green StHanford, CA 93230

Property Details for 1210 Green St

Year built

1955

Property size (Sq ft)

2,207 SF

Property type

Residential income properties

Property subtype

Multifamily properties

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.

Location Insight

City

Hanford

County

Kings

State

California

Latitude

36.3377

Longitude

-119.641

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