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- LoopNet Team
Kimbell Ln
Hanford, CA 93230
Monte Vista · Land For Sale
·
3.22 AC
INVESTMENT HIGHLIGHTS
- The Project will be delivered completely built out, ready to buy and start leasing
- Market-wide occupancy rates of approximately 95.1%
- Anticipated rental rates of 5 units per month
PROPERTY FACTS
| Property Type | Land | Proposed Use | Single Family Residence |
| Property Subtype | Residential | Total Lot Size | 3.22 AC |
| Zoning | R-L-5 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Residence |
| Total Lot Size | 3.22 AC |
| Zoning | R-L-5 |
DESCRIPTION
Monte Vista is a 40 unit build for rent residential development that includes two-story single-family detached homes in a thoughtfully designed community with private outdoor space. Located in the rental-constrained market of Hanford, the Project will be a first of its kind as well as the most recent comparable rental community built since 2015. As a result of the constrained conditions, Hanford has experienced nearly 2 years of rapid rent growth and elevated occupancy rates. Comparable rental communities are 95% occupied, on average, and 95.1% market-wide. Monte Vista’s goal is to be exceedingly advantageous to investors: a fully constructed development in a supply constrained California market. The Project will be delivered with all horizontal and vertical construction in place.
