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28219651
28219653

14398 Avenue 88, Pixley, CA 93256

Universal Lending and Realty
Listed by Universal Lending and Realty
$640,000
211 days on market
Updated 8 days ago
Opportunity zone

Investment Opportunity in Pixley - 14398 Avenue 88

Details
APN 318180017
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Square Footage 2,836
Net Rentable (SqFt) 2,836
Units 4
Cap Rate 6.47%
NOI $41,400
Occupancy 100%
Pro-Forma Cap Rate 9%
Pro-Forma NOI $57,600
Price per SqFt $226
Broker Co-Op Yes
Year Built 2009
Buildings 2
Stories 2
Lot Size (SqFt) 43,560
Parking Spaces 5 per key
Investment Type Stabilized
Occupancy Date 11/11/2025

4-Plex

Marketing description

Investment Opportunity in Pixley - 14398 Avenue 88

Welcome to a rare multi-unit property in the heart of Pixley, offering immediate cash flow and long-term wealth potential. This isn't just real estate; it's a turnkey income-producing asset designed for legacy building.

Property Highlights
Main House (Yellow House)
- Unit A: Spacious 4 bed / 2 bath, currently rented at $1,800/month
- Unit B: 1 bed / 1 bath, currently rented at $800/month

Back House (Brown House)
- Unit C: 1 bed / 1 bath, currently rented at $1,000/month
- Unit D: 2 bed / 1 bath, currently rented at $1,000/month

Key Features
- 4 fully independent rental units with separate entrances
- Separate PGE electric meters + separate addresses for each unit
- Shared water meter, propane utilities
- Strong rental history with consistent occupancy
- Flexible layout ideal for multi-generational living, rental income, or portfolio expansion

This property is a cash-flow machine with over $4,600/month in gross rents already in place. Investors will appreciate the stability of multiple units, while owner-occupants can live in one and let the others pay the mortgage. With separate meters and entrances, each unit feels private and independent making it easy to manage and attractive to tenants.

Strategically located in Pixley, this property offers small-town charm with easy access to major highways, connecting you to Tulare, Bakersfield, and Fresno.

Bottom Line
14398 Avenue 88 isn't just a property, it's a wealth-building vehicle. Whether you're expanding your portfolio or stepping into multi-unit ownership for the first time, this opportunity delivers immediate returns and long-term upside.With modest rent adjustments over the next 12-24 months, $6,000-$6,500+/month is easily achievable.

Investment highlights

Investment Highlights – 14398 Avenue 88, Pixley

  • Immediate cash flow with $4,600/month in current gross rents across four units

  • Pro forma rent potential of $6,000–$6,500/month achievable within 12–24 months

  • Unit Breakdown:

    • Unit A: 4 bed / 2 bath – $1,800/month

    • Unit B: 1 bed / 1 bath – $800/month

    • Unit C: 1 bed / 1 bath – $1,000/month

    • Unit D: 2 bed / 1 bath – $1,000/month

  • Four fully independent rental units with private entrances

  • Separate PGE electric meters and individual addresses for each unit

  • Shared water meter and propane utilities

  • Strong rental history with consistent occupancy

  • Estimated current NOI: $41,400/year (based on 25% expense ratio)

  • Estimated pro forma NOI: $57,600/year (based on 25% expense ratio)

  • Ideal for investors, multi-generational living, or owner-occupants

  • Located in Pixley with convenient access to Tulare, Bakersfield, and Fresno

Important Offer Instructions - All offers must be submitted subject to viewing and inspections, accompanied by a Pre-Approval letter or Proof of Funds. Please send offers to: Contact@GautHome.com

Buyers are advised to independently verify all aspects of the property, including but not limited to square footage, lot size, zoning, and any other pertinent details.

Please do not disturb the tenants under any circumstances.

Call or text (559) 917-1113 for more information or to schedule a viewing.

Listing Contacts

Universal Lending and Realty
Listed by Universal Lending and Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$41,400.00
$3,450.00/mo

Valuation Metrics

0
DSCR
6.47%
Cap Rate
6.47%
ROI

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Additional Information

Name
Gautam Atri - Riser Realty Group
License
02050505
Brokerage
Universal Realty Services, Inc.
Brokerage Address
1520 Shaw Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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