672 E Tache, Coalinga, California 93210, Coalinga, 93210 - 3 bed, 2 bath
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Coalinga, California 93210
This Multi-Unit Development Asset represents a Strong Value Opportunity with a List Price of $350,000—positioned well below the $371,606 Fair Market Value by 5%. This valuation provides $21,606 in Instant Equity alongside immediate cash flow from two updated residences. Featuring a Good Condition Rating, the property’s primary value lies in its 1.2-acre lot already in the first phase of subdivision for up to 16 units. With recent interior upgrades like quartz countertops, this is a strategic acquisition for Buy-and-Hold Investors or Developers seeking high-density residential upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 672 E Tache Subject | $350,000* List Price | 3 | 2 | 1,800 | $206 | - |
A 672 E Tache Active | $350,000 List Price | 0 | 0 | 1,800 | $194 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was originally built in 1951, it is currently undergoing extensive interior renovations that elevate its condition. Unit 1 is remodeled, and Unit 2 features modern updates including quartz countertops, new cabinetry, and vinyl flooring. Although the HVAC systems rely on dated swamp coolers and wall heaters, the move-in ready interior finishes and recent upgrades to the kitchens and bathrooms align with the 'good' condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 56012, living area = 1800.
The expansive 1.2-acre lot is already in the first phase of subdivision for up to 16 units, offering a rare and lucrative opportunity for high-density residential development.
With two existing homes on-site, including one currently rented, the property provides immediate cash flow to offset holding costs during the development planning phase.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1800, other record living area = 1465. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
The reliance on wall heaters and swamp coolers rather than modern central HVAC systems may be a drawback for some tenants or buyers given the regional climate.
While the subdivision process has started, the buyer must navigate city verification and the capital-intensive requirements of completing a multi-unit project.
PRIME INVESTMENT AND DEVELOPMENT OPPORTUNITY IN COALINGA!! This unique property features two existing homes on approximately 1.2 acres, with the land already surveyed and in the first phase of subdivision for potential development of up to 16 units (buyer to verify with City). A rare opportunity offering immediate rental income with significant future development potential. The property currently includes two separate homes. Unit 1: Approximately 800 sq ft, 1 bedroom, 1 bathroom, remodeled, wall heater, and swamp cooler. Rent is $600.00 month-to-month. Unit 2: Approximately 1000 sq ft., 2-bedroom, 1-bathroom is currently being remodeled with new title, updated kitchen, new cabinetry, quartz countertops, and vinyl flooring. Wall heater and swamp cooler.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,800 | 1,476 | 83% |
| Lot Size | 56,012 | 6,910 | 83% |
| Price | $350.0K | $305.5K | 61% |
| Price per sq ft | $194 | $218 | 33% |
| Built year | 1951 | 1984 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 212 | 6% |
Mar 17, 2026
$350,000
Initial Listing
Apr 10, 2019
$140,000
Public Record