Listed by Pamela Chyba•DRE #01273673• California LWF INC
Contact: 561-888-1337
For sale
$800,000
Est. $4,788/mo —
9
bd
•
3.5 ba
•
1,515
sq ft
320 B, Lemoore, CA 93245
About this home
Excellent opportunity to own a well-maintained 3-unit multifamily property with established tenants, and strong rental history. All three units are currently rented. The property is occupied by reliable, long-term tenants on existing one-year leases with a history of paying rent on time. One of the property's most attractive features is its flexibility. The spacious front unit features 3 bedrooms, 1.5 bathrooms, and an attached 2-car garage, making it an excellent option for an owner who wants to live on-site while generating from the two rear units. EXTENSIVELY RENOVATED REAR UNITS The two rear units underwent extensive renovations approximately two years ago and have been exceptionally well maintained. Improvements included: New interior doors and trim New cabinetry with granite countertops New electrical fixturesNew appliancesNew flooring throughout New interior paint New plumbing fixtures New HVAC system in the downstairs unit The renovations give the rear units a modern, nearly new interior appearance without the expense and uncertainty of purchasing a property requiring major improvements. PROPERTY FEATURES The property has been professionally maintained and includes automatic landscape sprinklers along with covered, lighted rear parking for added convenience and security. With three producing units, long-term tenants, substantial recent renovations, and the possibility of owner occupancy, 320 B Street represents a rare multifamily investment opportunity in Lemoore. Occupancy: Fully occupied with existing leases Whether purchased as a turnkey or as an owner-occupied property with two additional streams, 320 B Street offers an attractive , flexibility
This district comprises a combination of light office and low to medium density residential uses. The district is designated for a continuation of the current design pattern with enhancements in the level of architectural design and detailing. The DMX-3 zone completes the transition from the downtown to the surrounding residential properties by utilizing some of the building siting qualities of the adjacent residential development. This district allows for professional office and medium density residential, with small scale support commercial uses, as well as bed and breakfast. Where there is residential development, densities range between 3 and 17 units per gross acre
Zone overlays
Permitted uses
Include but are not limited to:
Day care facility
General retail
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Bed & breakfast
Office
Educational/school
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 105° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
30 unhealthy days expected this year, 32 days in 30 years
Provided by First Street
Historical weather
Lemoore, CA • 93245
Average low and high temperatures (°F)
60
37
66
43
74
47
77
50
86
56
95
62
97
64
99
66
93
63
81
53
65
45
56
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 12.7 hours in
June and 4.5 hours in December, placing it above the
U.S. average for solar exposure.
12.7 hrs
4.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 320 B
$787,374
$13K under list price of $800K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $308K to $413K.