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302 W Pleasant St
Coalinga, CA 93210
Coalinga Crossing | 40-Unit Complex · Multifamily Property For Sale
·
40 Units
Investment Highlights
- Value-Add Upside – Below-market rents with clear mark-to-market opportunity
- Efficient Layout – Four-building, garden-style community on 1.40 acres
- Strong Cash Flow – 6.65% cap rate with $263K+ NOI and stable in-place income
- Prime Local Access – Near schools, retail, West Hills College, and Highway 198/I-5
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $98,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.40 AC |
| Cap Rate | 6.67% | Building Size | 32,320 SF |
| No. Units | 40 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1985/2017 |
| Apartment Style | Garden | Parking Ratio | 3.53/1,000 SF |
| Zoning | R3 - Residential | ||
| Price Per Unit | $98,750 |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.40 AC |
| Building Size | 32,320 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2017 |
| Parking Ratio | 3.53/1,000 SF |
| Zoning | R3 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Heating
- Kitchen
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 530 |
| 2+1 | 32 | - | 797 |
Property Taxes
| Parcel Number | 083-080-82S | Improvements Assessment | $2,517,078 |
| Land Assessment | $235,132 | Total Assessment | $2,752,210 |
Property Taxes
Parcel Number
083-080-82S
Land Assessment
$235,132
Improvements Assessment
$2,517,078
Total Assessment
$2,752,210
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