8
See all 8 photos
$625,000
Est. payment /mo
36 Beds
36 Baths
26,250 SqFt
Active
401 S 6th ST Kerman, CA 93630
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 26,250 sqft
Price per Sqft $23
MLS Listing ID 652037
Bedrooms 36
Full Baths 36
HOA Y/N No
Lot Size 0.603 Acres
Property Sub-Type Multi Family
Property Description
Rare development opportunity in one of Fresno County's fastest growing communities. This 26,250 square foot corner parcel at W Stanislaus Ave and S 6th St in Kerman is zoned R-3 High Density Multifamily Residential, allowing multi-unit development by right with no conditional use permit or public hearing required. Approval is processed administratively through the City's Site Plan Review process per Kerman Municipal Code Chapter 17.80. The R-3 zone permits densities of 20 to 24 units per acre with a 45 foot height allowance and 50 percent lot coverage per the current zoning code. The City previously granted conditional site plan approval for a 36 unit development on this site in 2021. That approval has since expired and a new application would be required. Per the HUD Opportunity Zones map, this property is located in a census tract identified as OZ Eligible - Rural, meaning the tract qualifies for potential nomination as a Rural Opportunity Zone under the new permanent OZ 2.0 program. California's nomination window is now open and final designations by the U.S. Treasury are expected in late 2026, effective January 1, 2027. If designated, rural Opportunity Zones carry enhanced investor benefits including a 30 percent basis step-up and a reduced 50 percent substantial improvement requirement. Designation is not guaranteed. Kerman continues to attract new commercial investment along the Whitesbridge Ave corridor and housing demand remains strong as the city grows west of Fresno. Level corner lot with frontage on two streets. Opportunities to acquire development ready multifamily land in Kerman are limited. Buyer to verify all zoning, density, entitlement, and Opportunity Zone details with the City of Kerman and a qualified tax advisor. Contact listing agents for additional information. Property Address is estimated.
Location
State CA
County Fresno
Interior
Heating No Heat/Cool
Cooling No Heat/Cool
Fireplaces Type None
Exterior
Utilities Available Public Utilities
Roof Type Composition
Building
Lot Description Suburban
Story 2
Foundation Concrete Perimeter
Water Public
Schools
High Schools Kerman
Listed by The JKRE Investment Group
NEARBY SCHOOL & BUSINESS
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