Property Detail

Description

Fantastic investment opportunity in Kerman, CA featuring 4 separate units on one single APN! This well-maintained multi-family property offers strong, immediate rental income with exceptional potential. Consisting of four spacious units, each residence comes complete with its own private garage (except for unit 567) and dedicated carport for maximum tenant convenience. Unit Breakdown & Updates: 549 Del Norte: Generous 2 BD / 1 BA unit (1,140 SF) fully updated 2 years ago featuring a completely remodeled kitchen with new cabinets, granite countertops, and stainless steel sink. Updated bathroom boasts a custom walk-in shower and double vanity. Finished with classic vinyl hardwood flooring throughout and new vinyl in the kitchen and indoor laundry room. Currently rented at $1,050/mo. 575 Del Norte: Spacious 1 BD / 1 BA unit (1,060 SF) remodeled 1 year ago with a brand-new kitchen including new cabinetry, granite counters, and stainless steel sink. Features a private exterior porch off the kitchen door and durable new vinyl flooring throughout. Currently rented at $875/mo. 567 & 557 Del Norte: Two identical 2 BD / 1 BA units (900 SF each) built in 2012, featuring functional tile flooring in main living areas and cozy carpeting in the bedrooms. Equipped with indoor fire sprinkler systems for safety and modern code compliance. Each rented at $1,000/mo ($2,000/mo combined). Financial Highlights: Gross Annual Income: $43,825 2025 Operating Expenses: $9,207 Insurance: $4,424 | Property Tax: $2,928 With updated interiors, strong historical cash flow, low-maintenance 2012 construction on select units, and private covered parking for all tenants, this 4-unit property on one lot makes an exceptional addition to any savvy investor's portfolio. All units have gas, AC and yard access! Conveniently located near local Kerman amenities, schools, and main transit routes! Buyer to review and satisfy themselves regarding square footage, property details, and all aspects of the property.