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137 N L St 11,758 SF 66% Leased Retail Building Dinuba, CA 93618 $950,000 ($80.80/SF) 7.20% Cap Rate
Investment Highlights
- Mix - Use
- Residential, Apartment
- Commercial , Retail
Executive Summary
Excellent mixed-use investment property located in the core of downtown Dinuba. This revamped and locally historic building is situated in a Downtown Commercial (C-2) zoning district and features two commercial units, both occupied by established tenants since 2019 on month-to-month leases. One commercial unit is occupied by a church, while the other operates as a thrift store. The property also includes a two-bedroom, one-and-a-half-bath apartment, adding residential income potential.
In addition, the building offers office space, substantial storage areas, basement space, and loading doors for each unit accessible via alley access, providing valuable flexibility for the tenants or future owners.
The building has benefited from numerous structural and system upgrades, including improvements to the fire protection and sprinkler systems, electrical service, plumbing, and other major components. These upgrades enhance the property's functionality, safety, and long-term investment appeal.
All three tenants currently share one PG&E electrical meter and split the gas, water, and electrical utility costs. The seller would consider separating the electrical service into individual meters for each unit.
With established tenants, multiple income-producing spaces, extensive upgrades, historic character, and C-2 zoning, this versatile mixed-use property offers an excellent opportunity for investors looking to expand their portfolios.
In addition, the building offers office space, substantial storage areas, basement space, and loading doors for each unit accessible via alley access, providing valuable flexibility for the tenants or future owners.
The building has benefited from numerous structural and system upgrades, including improvements to the fire protection and sprinkler systems, electrical service, plumbing, and other major components. These upgrades enhance the property's functionality, safety, and long-term investment appeal.
All three tenants currently share one PG&E electrical meter and split the gas, water, and electrical utility costs. The seller would consider separating the electrical service into individual meters for each unit.
With established tenants, multiple income-producing spaces, extensive upgrades, historic character, and C-2 zoning, this versatile mixed-use property offers an excellent opportunity for investors looking to expand their portfolios.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$80,400
|
$6.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$80,400
|
$6.84
|
| Taxes |
$4,800
|
$0.41
|
| Operating Expenses |
$5,300
|
$0.45
|
| Total Expenses |
$10,100
|
$0.86
|
| Net Operating Income |
$70,300
|
$5.98
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $80,400 |
| Annual Per SF | $6.84 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $80,400 |
| Annual Per SF | $6.84 |
| Taxes | |
|---|---|
| Annual | $4,800 |
| Annual Per SF | $0.41 |
| Operating Expenses | |
|---|---|
| Annual | $5,300 |
| Annual Per SF | $0.45 |
| Total Expenses | |
|---|---|
| Annual | $10,100 |
| Annual Per SF | $0.86 |
| Net Operating Income | |
|---|---|
| Annual | $70,300 |
| Annual Per SF | $5.98 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
11,758 SF
Building Class
C
Year Built
1910
Price
$950,000
Price Per SF
$80.80
Cap Rate
7.20%
NOI
$68,400
Percent Leased
66%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.27 AC
Zoning
C-2 - Downtown Commercial - C-2
Frontage
81’ on L St
Amenities
- Skylights
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Grace of God Church
- -
- -
- -
- -
- Tienda de Segunda Thrift Store
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Grace of God Church | - | - | - | - | ||
| Tienda de Segunda Thrift Store | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 4,000 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,000 SF | Retail | - | Now |
1st Floor
| Size |
| 4,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Very walkable
80/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 017-124-016-000 | Total Assessment | $358,414 |
| Land Assessment | $68,268 | Annual Taxes | $4,800 ($0.41/SF) |
| Improvements Assessment | $290,146 | Tax Year | 2025 |
Property Taxes
Parcel Number
017-124-016-000
Land Assessment
$68,268
Improvements Assessment
$290,146
Total Assessment
$358,414
Annual Taxes
$4,800 ($0.41/SF)
Tax Year
2025
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137 N L St