302 W Pleasant St - Apartments FOR SALE


Coalinga, CA 93210
$3,950,000 USD
559-916-0370
302 W Pleasant St, Coalinga, CA for Sale
$3,950,000 USD
Apartments - FOR SALE
1/8
null | 6.67% Cap Rate

302 W Pleasant St
Coalinga, CA 93210


HIGHLIGHTS

  • Value-Add Upside – Below-market rents with clear mark-to-market opportunity
  • Strong Cash Flow – 6.65% cap rate with $263K+ NOI and stable in-place income
  • Efficient Layout – Four-building, garden-style community on 1.40 acres
  • Prime Local Access – Near schools, retail, West Hills College, and Highway 198/I-5

OVERVIEW

Coalinga Crossing Apartments is a 40-unit, garden-style community offering stable in-place income with clear upside in a supply-constrained Central Valley market. Built in 1985 and situated on 1.40 acres, the property features a highly desirable mix of one- and two-bedroom units across four two-story buildings. Currently 97.5% occupied, the asset demonstrates strong tenant demand driven by a renter-heavy market and limited new construction. Several units remain below market rents, providing a new owner with a straightforward path to increased cash flow through natural turnover—without the need for significant capital improvements.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

40

PRICE/UNIT

$98,750

CAP RATE

6.67%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coalinga Crossing | 40-Unit Complex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

114

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

R3

APN/PARCEL ID

083-080-82S

ASK ABOUT THIS PROPERTY

Brett VisintainerVisintainer GroupMore Info
559-916-0370

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Brett VisintainerVisintainer GroupMore Info
559-916-0370

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.