1108 N Rinaldi St Visalia, CA 93291
Downtown Visalia Neighborhood
6
Beds
3
Baths
1
Sq Ft
0.27
Acres
Highlights
- Laundry Room
- Redwood High School Rated A
- 1-Story Property
About This Home
As of July 2025Prime Income Property - 3-Unit Complex, exceptional investment opportunity! This 3-unit complex is a prime income-generating property, ideal for investors seeking consistent rental income with strong potential for future appreciation. Each unit features 2 bedrooms, 1 bathroom, inside laundry and back yard offering a highly rentable and desirable layout. The complex is low maintenance with a proven track record of minimal vacancies, making it a reliable asset for both new and seasoned investors. Don't miss out on this rare chance to own a solid income property with built-in cash flow and long-term growth potential.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices CA Realty Brokerage Email: tfarhang@aol.com License #00625663 Listed on: 06/18/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,613
Year Built
- Built in 1973
Lot Details
- 0.27 Acre Lot
- 1 Common Wall
- Irregular Lot
Home Design
- Triplex
Interior Spaces
- 1 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 9
- Assessor Parcel Number 093062018000
- $1,613 per year additional tax assessments
Community Details
Overview
- 3 Units
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $2,100
- Maintenance Expense $144
- Pest Control $780
- Trash Expense $859
- Water Sewer Expense $2,195
- Operating Expense $6,077
- Gross Income $40,080
- Net Operating Income $34,003
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 17, 2002
Sold by
Carroll Jon P
Bought by
Carroll Kathryn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 20, 2002
Sold by
Donovan Morgan
Bought by
Carroll Kathryn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 12, 1993
Sold by
Sickels William L and Sickels Donna Louise
Bought by
Donovan Morgan
Similar Home in Visalia, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | First American Title Co | |
| Grant Deed | $105,000 | First American Title Co | |
| Individual Deed | $90,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $123,750 | Negative Amortization | |
| Closed | $87,000 | Stand Alone First | |
| Previous Owner | $84,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | Sold | $365,000 | -7.6% | $146 / Sq Ft |
| 06/18/2025 06/18/25 | For Sale | $395,000 | -- | $158 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,613 | $152,075 | $28,963 | $123,112 |
| 2024 | $1,613 | $149,095 | $28,396 | $120,699 |
| 2023 | $1,569 | $146,173 | $27,840 | $118,333 |
| 2022 | $1,499 | $143,308 | $27,295 | $116,013 |
| 2021 | $1,501 | $140,498 | $26,760 | $113,738 |
| 2020 | $1,481 | $139,058 | $26,486 | $112,572 |
| 2019 | $2,076 | $136,332 | $25,967 | $110,365 |
| 2018 | $1,864 | $133,659 | $25,458 | $108,201 |
| 2017 | $1,389 | $131,038 | $24,959 | $106,079 |
| 2016 | $1,656 | $128,469 | $24,470 | $103,999 |
| 2015 | $1,525 | $126,539 | $24,102 | $102,437 |
| 2014 | $1,525 | $124,060 | $23,630 | $100,430 |
Source: Public Records
Agents Affiliated with this Home
-
Teymour Farhang
Seller's Agent in 2025
Teymour Farhang
Berkshire Hathaway HomeServices California Realty
(559) 280-7049
2 in this area
69 Total Sales
-
N
Buyer's Agent in 2025
Non-Member Non-Member
Non-Member Office
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI25137210
APN: 093-062-018-000
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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