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East Wind Apartments 551 E 11th St 5 Unité Immeuble d’appartements 920 470 $ CAD (184 094 $ CAD/Unité) 6,32% Taux de capitalisation Hanford, CA 93230
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Faits saillants de l'investissement
- SB 721 inspection and repair work completed
- Turnkey investment
- On-site laundry room for extra income
- Pride of ownership evident
Résumé de l'annonce
Colliers is pleased to present the exclusive listing of 551 E. 11th Street, a five-unit multifamily asset totaling approximately 4,320 square feet in the heart of Hanford, California. Operating as East Wind Apartments, the property offers a consistent unit configuration of five 2-bedroom, 1-bathroom units, providing broad tenant appeal and simplified management. Given the limited frequency with which small multifamily inventory trades in the Hanford market, this listing represents a rare and attractive acquisition opportunity within Kings County.
Built in 1977, the property has been thoughtfully maintained and is delivered in turnkey condition. Mandatory SB 721 balcony and exterior elevated element inspections have already been completed, with all identified repairs permitted and finished, eliminating a significant compliance and capital item that often burdens incoming owners of properties of this vintage. The roof was replaced in 2017, further reducing near-term capital exposure. An on-site laundry facility, leased through WASH, generates supplemental income with no operational burden on ownership.
While the asset is stabilized and well cared for, current rents are positioned meaningfully below prevailing market rates, presenting a clear value-add opportunity for an incoming investor. As leases naturally turn over, a new owner is well-positioned to mark rents to market and drive both cash flow improvement and asset appreciation over the near term, without the need for significant capital investment. Combined with its uniform unit mix, recent compliance work, and central Hanford location near Adventist Health Hanford and the downtown core, 551 E. 11th Street is an ideal addition to any multifamily portfolio targeting stable income with embedded upside.
The units are individually metered for Southern California Edison and paid by tenant. Landlord pays water, sewer, and trash.
Built in 1977, the property has been thoughtfully maintained and is delivered in turnkey condition. Mandatory SB 721 balcony and exterior elevated element inspections have already been completed, with all identified repairs permitted and finished, eliminating a significant compliance and capital item that often burdens incoming owners of properties of this vintage. The roof was replaced in 2017, further reducing near-term capital exposure. An on-site laundry facility, leased through WASH, generates supplemental income with no operational burden on ownership.
While the asset is stabilized and well cared for, current rents are positioned meaningfully below prevailing market rates, presenting a clear value-add opportunity for an incoming investor. As leases naturally turn over, a new owner is well-positioned to mark rents to market and drive both cash flow improvement and asset appreciation over the near term, without the need for significant capital investment. Combined with its uniform unit mix, recent compliance work, and central Hanford location near Adventist Health Hanford and the downtown core, 551 E. 11th Street is an ideal addition to any multifamily portfolio targeting stable income with embedded upside.
The units are individually metered for Southern California Edison and paid by tenant. Landlord pays water, sewer, and trash.
Faits sur la propriété
| Prix | 920 470 $ CAD | Classe d’immeuble | C |
| Prix par unité | 184 094 $ CAD | Taille du lot | 0,26 AC |
| Type de vente | Investissement | Taille du bâtiment | 4 320 pi² |
| Taux de capitalisation | 6,32% | Occupation moyenne | 92% |
| Nombre d’unités | 5 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1977 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,39/1 000 pi² |
| Style d’appartement | De faible hauteur | ||
| Zonage | RM3 | ||
| Prix | 920 470 $ CAD |
| Prix par unité | 184 094 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,32% |
| Nombre d’unités | 5 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,26 AC |
| Taille du bâtiment | 4 320 pi² |
| Occupation moyenne | 92% |
| Nombre d’étages | 2 |
| Année de construction | 1977 |
| Ratio de stationnement | 1,39/1 000 pi² |
| Zonage | RM3 |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+1 | 5 | - | 860 |
1 1
Assez practicable à pied
50/100
Exceptionnellement facile d'accès en voiture
90/100
Transports en commun limités
30/100
Plutôt praticable en vélo
40/100
Impôts fonciers
| Numéro de lot | 010-214-008-000 | Évaluation des bâtiments | 275 003 $ CAD |
| Évaluation du terrain | 66 237 $ CAD | Évaluation totale | 341 240 $ CAD |
Impôts fonciers
Numéro de lot
010-214-008-000
Évaluation du terrain
66 237 $ CAD
Évaluation des bâtiments
275 003 $ CAD
Évaluation totale
341 240 $ CAD
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East Wind Apartments | 551 E 11th St
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