601 N Encina Street, Visalia, CA 93291
601 N Encina Street, Visalia, CA 93291
601 N Encina Street, Visalia, CA 93291
601 N Encina Street, Visalia, CA 93291
601 N Encina Street, Visalia, CA 93291
601 N Encina Street, Visalia, CA 93291
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Richard Flores

Richard Flores

+1(559) 799-7040
$ 459,000
Est. payment | /mo

5 Beds

5 Baths

2,946 SqFt

Save
$ 459,000
Est. payment | /mo
Save

5 Beds

5 Baths

2,946 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,946 sqft

Price per Sqft $155

MLS Listing ID 244786

Bedrooms 5

Full Baths 5

Year Built 1912

Lot Size 0.440 Acres

Property Sub-Type Single Family Residence

Property Description

Rare 5 bed / 5 bath historic home on a 0.44-acre corner lot in Visalia's Historic District, minutes from downtown. Built in 1912 with character throughout: hardwood floors, built-in cabinetry, a formal dining room and a classic covered front porch. Every bedroom has its own bathroom, making this a standout for a large or multigenerational family, co-living, sober living or a small care home. Out back: a private in-ground pool, a detached garage and a parking area, with plenty of room to add an ADU. Two HVAC systems, roof approx. 13 years old, foundation leveled in 2013, and solar. Priced well below recent sales in the area. The space and the bones are already here, and a few cosmetic touches bring out tremendous value. Sold as-is. ILLUSTRATIVE OPERATOR PROJECTIONS - 601 N Encina St (full detail on page 4 of the Brochure & Financial Projections PDF in Documents)

SENIOR CARE HOME - 5 rooms x 2 beds = 10 residents at $4,100/mo, 100% occupied
Gross revenue: $492,000/yr ($41,000/mo)
Operating expenses: $343,500/yr (24/7 caregiver staffing at 50% of revenue $246,000; food & supplies $42,000; utilities $14,400; insurance $12,000; licensing/admin $8,000; repairs $6,000; marketing $8,000; property tax + PACE $7,100)
Gross profit (NOI): $148,500/yr
Debt service: $28,885/yr
Net profit: about $119,615/yr (~$9,968/mo)

SOBER LIVING HOME - 5 rooms x 4 beds = 20 beds at $800/bed/mo, 100% occupied
Gross revenue: $192,000/yr ($16,000/mo)
Operating expenses: $92,000/yr (house manager $18,000; utilities/internet $31,200; supplies $4,800; insurance $8,000; drug testing/certification $7,500; repairs $9,000; marketing/admin $6,400; property tax + PACE $7,100)
Gross profit (NOI): $100,000/yr
Debt service: $28,885/yr
Net profit: about $71,115/yr (~$5,926/mo)

ASSUMPTIONS AND LIMITS: Debt service assumes a $459,000 purchase, 25% down, 7.5%, 30-year loan. Full occupancy assumed; each empty senior bed = -$49,200/yr, each empty sober bed = -$9,600/yr. Start-up costs (furniture, fire upgrades, licensing fees, working capital) and income tax not included. These are pro formas, not historical results - the property is vacant and not licensed. 10 or 20 residents exceeds the 6-resident threshold treated as residential use under state law; either plan would need City of Visalia approval (likely a CUP), state licensing for 7+ residents, fire/building review (sprinklers, exits, room occupancy) and historic-district review for exterior changes. 4 beds per room must meet occupancy code. Buyer to verify all assumptions.

Location

State CA

County Tulare

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air

Flooring Hardwood

Exterior

Parking Features Detached

Garage Spaces 2.0

Pool Private, In Ground

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N N

Roof Type Composition

Building

Lot Description Back Yard, Corner Lot, Landscaped, Level

Story 1

Foundation Raised

Sewer Public Sewer

Tulare County MLS (TCMLS)
Listed by Mark Chu • HomeSmart PV and Associates

Nearby Locations

Richard Flores

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 799-7040

richardfrealtor@gmail.com

123 N Stevenson St, Visalia, CA 93291, USA

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601 N Encina Street