$950,000
Dinuba, CA 93618
MLS# 243769
2 beds | 6 baths | 11758 sqft
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Property Description
Excellent mixed-use investment property located in the core of downtown Dinuba. This revamped and locally historic building is situated in a Downtown Commercial (C-2) zoning district and features two commercial units, both occupied by established tenants since 2019 on month-to-month leases. One commercial unit is occupied by a church, while the other operates as a thrift store. The property also includes a two-bedroom, one-and-a-half-bath apartment, adding residential income potential. In addition, the building offers office space, substantial storage areas, basement space, and loading doors for each unit accessible via alley access, providing valuable flexibility for the tenants or future owners. The building has benefited from numerous structural and system upgrades, including improvements to the fire protection and sprinkler systems, electrical service, plumbing, and other major components. These upgrades enhance the property's functionality, safety, and long-term investment appeal. All three tenants currently share one PG&E electrical meter and split the gas, water, and electrical utility costs. The seller would consider separating the electrical service into individual meters for each unit. With established tenants, multiple income-producing spaces, extensive upgrades, historic character, and C-2 zoning, this versatile mixed-use property offers an excellent opportunity for investors looking to expand their portfolios.
Details
Maps
Property Information
Property Sub-Type: Mixed Use
New Construction: No
Stories: 2
Bedrooms: 2
Year Built Source: Public Records
Number of Units: 3
Full Baths: 1
Number of Buildings: 1
Total Baths: 6
Half Baths: 5
APN: 17124016000
SqFt Source: Public Records
Lot Acres: 0.27
Lot SqFt: 11758
Lot Size Source: Public Records
Lot Dimensions: 78.39 x 150
Zoning Description: Downtown Commercial C-2
Additional Parcels Y/N: No
Common Interest: None
Year Built: 1910
Street #: 137
Direction: N
Street Name: L
Suffix: Street
Approx Square Feet: 11758
State/Province: CA
Zip Code: 93618
County: Tulare
Area: Dinuba
Listing Information
List Price/SqFt: 80.8
Original List Price: 950000
Current Price: $950,000
Status: Active
Listing Date: 2026-08-28
Listing Price: 950000
Showing Information
Directions to Property: From the intersection of El Monte Way and Alta Ave in Dinuba. Head South on Alta Ave. Turn and head East on Tulare St. Then turn North on North L St. The property is located on the west side of L St in between Tulare St and West Fresno St
Remarks
Marketing Remarks: Excellent mixed-use investment property located in the core of downtown Dinuba. This revamped and locally historic building is situated in a Downtown Commercial (C-2) zoning district and features two commercial units, both occupied by established tenants since 2019 on month-to-month leases. One commercial unit is occupied by a church, while the other operates as a thrift store. The property also includes a two-bedroom, one-and-a-half-bath apartment, adding residential income potential. In addition, the building offers office space, substantial storage areas, basement space, and loading doors for each unit accessible via alley access, providing valuable flexibility for the tenants or future owners. The building has benefited from numerous structural and system upgrades, including improvements to the fire protection and sprinkler systems, electrical service, plumbing, and other major components. These upgrades enhance the property's functionality, safety, and long-term investment appeal. All three tenants currently share one PG&E electrical meter and split the gas, water, and electrical utility costs. The seller would consider separating the electrical service into individual meters for each unit. With established tenants, multiple income-producing spaces, extensive upgrades, historic character, and C-2 zoning, this versatile mixed-use property offers an excellent opportunity for investors looking to expand their portfolios.
General Information
Garage: No
Direction Faces: East
Solar YN: No
Waterfront: No
Tax Information
Land Value: 64332
Improvement Value: 273412
Financial
Cap Rate: 7.2
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Sewer Connected: 1
Water
Public: 1
Sewer
Public Sewer: 1
Cooling
Central Air: 1
Heating
Central: 1
Roofing
Flat: 1
Listing Terms
Cash: 1
Conventional: 1
Owner May Carry: 1
Current Use
Commercial: 1
Mixed Use: 1
Place of Worship: 1
Residential: 1
Retail: 1
Income Includes
Rent Only: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Building Features
Ceiling Height 12ft+: 1
Roll Up Doors: 1
Construction
Brick: 1
Stucco: 1
Commercial Sub-Type
Restaurant: 1
Retail: 1
Parking Features
Basement: 1
Other: 1
Security Features
Smoke Detector(s): 1
Status Change Info
Status Change Date: 2026-08-28
Property Features
Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected
Water: Public
Sewer: Public Sewer
Cooling: Central Air
Heating: Central
Roofing: Flat
Income Includes: Rent Only
Building Features: Ceiling Height 12ft+; Roll Up Doors
Commercial Sub-Type: Restaurant; Retail
Construction: Brick; Stucco
Listing Terms: Cash; Conventional; Owner May Carry
Current Use: Commercial; Mixed Use; Place of Worship; Residential; Retail
Parking Features: Basement; Other
Road Frontage Type: City Street
Road Surface Type: Asphalt
Security Features: Smoke Detector(s)
IDX
Listing Office: Johnston Merlo & Newton
Listing Agent: Jace P Merlo | jace_merlo@yahoo.com
Agent Email: jace_merlo@yahoo.com
Co Office Name: Johnston Merlo & Newton
Co Listing Agent: Jim Merlo
Co Agent Email: JIMJMN57@yahoo.com
Last Updated: August - 28 - 2026
Information deemed reliable but not guaranteed.