Prime Investment Opportunity in Hanford, CA Unlock the potential of this exceptional investment opportunity in Hanford, California. This property, zoned for Mixed Use and fully approved for Single Family Residential Units by the City of Hanford, offers a versatile venture for savvy investors. Property Highlights: • Three APNs: The property spans three Assessor's Parcel Numbers (APNs), with two existing structures and one vacant lot. • Structure One: Ready to be transformed into a spacious 4-bedroom, 2-bathroom Single Family Residence (SFR) with an attached 2-bedroom, 1-bathroom Accessory Dwelling Unit (ADU). • Structure Two: Set to be converted into a 4-bedroom, 2-bathroom SFR on its own APN. • Vacant Lot: The third APN offers flexibility. It can accommodate a similar-sized building as the first structure (SFR & ADU) or potentially be split into two lots for additional SFR development. Development Status: • Construction Progress: Framing is completed for both SFRs, with architectural plans approved by the city. The ADU remains to be framed. • Permits: All necessary permits have been approved and are ready for payment, streamlining the path to completion. Financial Potential: • Rental Income: According to the Hanford Housing Authority, a 4-bedroom SFR can yield $1,800 to $2,000 per month, while a 2-bedroom unit can generate $1,200 to $1,500 monthly. Seller Incentives: • Motivated Seller: The seller is eager to close and is willing to carry the note, offering flexible financing options for interested buyers. This property presents an unparalleled opportunity for investors looking to capitalize on the growing demand for residential housing in Hanford while benefiting from mixed-use zoning. With all approvals in place and significant construction progress made, this investment is poised for success. Don't miss out on this chance to expand your portfolio with a high-potential asset.
11 units in total. A great investment opportunity. Located in a desirable area of north east Hanford and within walking distance to several popular establishments. Each unit has it own garage. All with central AC/heat and comfortable layouts. Six 3 bedroom/2 bath and five 2 bedroom/1 bathroom. There are 5 duplexes and 1 single unit located on 3 different APN's. Reach out today to get more info on this investment opportunity.
11 units in total. A great investment opportunity. Located in a desirable area of north east Hanford and within walking distance to several popular establishments. Each unit has it own garage. All with central AC/heat and comfortable layouts. Six 3 bedroom/2 bath and five 2 bedroom/1 bathroom. There are 5 duplexes and 1 single unit located on 3 different APN's. Reach out today to get more info on this investment opportunity.
Don't miss a great investment opportunity. 4 units on 19.4 acres zoned RM15. Each dwelling has been updated with tile flooring, dual pane windows and air conditioning. There's a 5th dwelling on the property that can be remodeled and made usable again.
Hanford is located in California. Hanford, California has a population of 57,359. Hanford is less family-centric than the surrounding county with 35.43% of the households containing married families with children. The county average for households married with children is 36.88%.
The median household income in Hanford, California is $68,316. The median household income for the surrounding county is $63,267 compared to the national median of $69,021. The median age of people living in Hanford is 32.8 years.
The average high temperature in July is 96.6 degrees, with an average low temperature in January of 36.5 degrees. The average rainfall is approximately 9 inches per year, with 0 inches of snow per year.
