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1220 Jepsen Ave. A 1220 Jepsen Ave. B 1220 Jepsen Ave 1,678 SF 100% Leased Office Building Corcoran, CA 93212 $369,000 ($219.90/SF)
Executive Summary
Prime investment opportunity in Corcoran Ca. Two office spaces in one building currently rented. Property was renovated approximately in 2024. All utilities are split besides water.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$31,200
|
$18.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$31,200
|
$18.59
|
| Taxes |
$3,690
|
$2.20
|
| Operating Expenses |
$1,500
|
$0.89
|
| Total Expenses |
$5,190
|
$3.09
|
| Net Operating Income |
$26,010
|
$15.50
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $31,200 |
| Annual Per SF | $18.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $31,200 |
| Annual Per SF | $18.59 |
| Taxes | |
|---|---|
| Annual | $3,690 |
| Annual Per SF | $2.20 |
| Operating Expenses | |
|---|---|
| Annual | $1,500 |
| Annual Per SF | $0.89 |
| Total Expenses | |
|---|---|
| Annual | $5,190 |
| Annual Per SF | $3.09 |
| Net Operating Income | |
|---|---|
| Annual | $26,010 |
| Annual Per SF | $15.50 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
1,678 SF
Year Built/Renovated
1924/2024
Price
$369,000
Price Per SF
$219.90
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
1,678 SF
Opportunity Zone
Yes
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 032-031-013-000 | Total Assessment | $211,201 |
| Land Assessment | $46,818 | Annual Taxes | $3,690 ($2.20/SF) |
| Improvements Assessment | $164,383 | Tax Year | 2025 |
Property Taxes
Parcel Number
032-031-013-000
Land Assessment
$46,818
Improvements Assessment
$164,383
Total Assessment
$211,201
Annual Taxes
$3,690 ($2.20/SF)
Tax Year
2025
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1220 Jepsen Ave. A 1220 Jepsen Ave. B | 1220 Jepsen Ave