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$ 1,000,000
$ 1,100,000 9.1%
Est. payment /mo
Sold on 04/20/2026
404 Central Avenue Hanford, CA 93230
4,160 SqFt
UPDATED:
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,160 sqft
Price per Sqft $240
MLS Listing ID 233929
Sold Date 04/20/26
Year Built 1960
Lot Size 6,400 Sqft
Property Sub-Type Apartment
Source Kings County
Property Description
404 Central Ave is a 10-unit multifamily property. The building consists entirely of one bedroom, one-bathroom units. The owner is responsible for water, sewer, and trash, while residents pay for their own electricity. Situated near the center of Hanford, the location provides residents with convenient walkability to downtown amenities. The property is being offered at a 6.72% cap rate, providing a strong income foundation from day one. With current rents positioned below market value, this asset offers a straightforward low-maintenance operation with clear upside potential.
Location
State CA
County Kings
Area North East Hanford
Zoning RM3
Exterior
Parking Features 1 Space Per Unit
Roof Type Asphalt
Private Pool No
Building
Story 2
Listed by Jaime Martinez • Hoekstra & Associates Inc
Bought with Satinder S Malhi • Realty One Group Action
Bought with Satinder S Malhi • Realty One Group Action