751 Kruger Ave Hanford, CA 93230
Highlights
- 0.5 Acre Lot
- No HOA
- 1-Story Property
About This Home
As of February 2025Prime 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,756
Lot Details
- 0.5 Acre Lot
- Lot Dimensions are 145 x 150
- 014205002000,014205003000
Parking
- No Garage
Home Design
- Triplex
- Composition Roof
Interior Spaces
- 4,272 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 6 Bathrooms
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 014205001000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/21/2025 02/21/25 | Sold | $180,000 | -28.0% | $42 / Sq Ft |
| 01/28/2025 01/28/25 | Pending | -- | -- | -- |
| 01/17/2025 01/17/25 | For Sale | $249,900 | 0.0% | $58 / Sq Ft |
| 12/29/2024 12/29/24 | Pending | -- | -- | -- |
| 12/14/2024 12/14/24 | Price Changed | $249,900 | -10.7% | $58 / Sq Ft |
| 12/07/2024 12/07/24 | Price Changed | $279,900 | 0.0% | $66 / Sq Ft |
| 12/07/2024 12/07/24 | For Sale | $279,900 | -6.4% | $66 / Sq Ft |
| 11/13/2024 11/13/24 | Pending | -- | -- | -- |
| 11/01/2024 11/01/24 | Price Changed | $299,000 | -0.3% | $70 / Sq Ft |
| 10/21/2024 10/21/24 | Price Changed | $300,000 | -9.1% | $70 / Sq Ft |
| 09/25/2024 09/25/24 | Price Changed | $329,900 | -2.9% | $77 / Sq Ft |
| 09/24/2024 09/24/24 | Price Changed | $339,900 | -90.3% | $80 / Sq Ft |
| 08/23/2024 08/23/24 | For Sale | $3,499,000 | -- | $819 / Sq Ft |
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $1,756 | $159,000 | $43,500 | $115,500 |
| 2022 | $2,092 | $180,392 | $53,410 | $126,982 |
| 2021 | $2,049 | $176,856 | $52,363 | $124,493 |
| 2020 | $2,069 | $175,042 | $51,826 | $123,216 |
| 2019 | $1,442 | $118,855 | $30,663 | $88,192 |
| 2018 | $1,407 | $116,775 | $30,062 | $86,463 |
| 2017 | $1,387 | $114,551 | $29,473 | $85,078 |
| 2016 | $1,371 | $112,331 | $28,895 | $83,436 |
| 2015 | $1,364 | $110,719 | $28,461 | $82,258 |
| 2014 | $1,339 | $108,628 | $27,903 | $80,725 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $370,000 | Unknown | |
| Previous Owner | $35,000 | Commercial | |
| Previous Owner | $165,000 | Commercial | |
| Previous Owner | $79,500 | Commercial | |
| Previous Owner | $15,000 | Commercial |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Placer Title Company | |
| Grant Deed | $180,000 | Placer Title Company | |
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $350,000 | Chicago Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Tulare County MLS
MLS Number: 230969
APN: 014-205-001-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information from the Tulare County Association of REALTORS®. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.