549 S Del Norte, Kerman, CA 93630

$1,200,000

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List Price
$1,200,000
Status
ACTIVE
MLS#
OC26218166
Year Built
1950
Lot Size
16,500
Acres
0.38
Lot Location
2-5 Units/Acre
Days on Market
15
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
One Level

Property 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.

Additional Information

Appliances
Indoor Grill, Microwave, Water Heater
Pool Description
None
Heat
Central
Cooling
Yes
Cooling Description
Central Air
View
City Lights, Trees/Woods
Exterior Construction
Drywall, Stucco
Roof
Shingle
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
Interior Features
Granite Counters, Storage, All Bedrooms Down, Bedroom on Main Level, Main Level Primary, Walk-In Closet(s)
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$47,100
Operating Expense
9207

Listing courtesy of Listing Agent: Allen Mendrin (amendrin@yahoo.com) from Listing Office: Gatehouse Properties.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.