770 Silverado

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770 Silverado

Hanford, CA 93230
Asking Price
$5.89M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for purchase in Hanford
  • Total building footprint comprises 34 individual rental units
  • Asset is currently offered at an asking price of $5,895,000
  • Located within the Kings County residential real estate market
  • Property sits at the coordinates 36.3196, -119.6558
  • Well-suited for investors pursuing income-generating residential assets

What's Special

Multifamily investors seeking to expand their portfolio will find this 34-unit apartment building at 770 Silverado a functional addition to the Hanford housing market. Situated in a region known for its stable agricultural roots and steady population growth, this asset provides an established rental base within the Central Valley. The property is well-positioned to serve local residents who prioritize proximity to regional employment centers and the broader lifestyle amenities found throughout Kings County. Hanford continues to attract interest as a cost-effective alternative to larger California coastal metropolitan hubs, supporting consistent demand for well-maintained apartment inventory. This multifamily building presents a straightforward acquisition for those focused on income generation or long-term value-add strategies in a secondary market setting. The current scale allows for efficient management and effective operations, making it a viable consideration for portfolios emphasizing residential real estate across the San Joaquin Valley.

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NOI
$80,000
Cap Rate
1.36%
DSCR
0.23
Underwater
Cash-on-Cash
-15.27%
Monthly Payment
$29,165.244
Annual Cash Flow
$-269,982.923

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