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137 N L St

Dinuba, CA 93618

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$950,000

2 bd
  |  
6 ba
  |  
11,758 sq ft
  |  
0.27 acre

137 N L St

Dinuba, CA 93618

Listed On: 08/28/2026
Status: Active
Listing Number: 243769 (Tulare MLS)

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Presented By:

London Properties, Ltd.
London Properties, Ltd. 559.589.6600 Email Agent
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.
Property Type
Commercial Sale
Property Sub-Type
Mixed Use
Year Built
1910
Year Built Source
Public Records
Days On London
0
Cumulative Days On London
0
County
Tulare
New Construction
No
Stories
2
Current Use
Mixed Use, Retail, Residential, Place of Worship, Commercial
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
Building Features
Ceiling Height 12ft+, Roll Up Doors
Construction Materials
Brick, Stucco
Roof
Flat
Heating Y/N
Yes
Heating
Central
Cooling
Central Air
Security Features
Smoke Detector(s)
Direction Faces
East
Bathrooms Total (Integer)
6
Full Baths
3.5
Full Baths
1
Half Baths
5
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected
Water Source
Public
Sewer
Public Sewer
Parking Features
Other
Garage
No
Attached Garage
No
APN
171 240 160 00
Lot Dimensions
78.39 x 150
Zoning Description
Downtown Commercial C-2
Additional Parcels Y/N
No
Waterfront Y/N
No
Road Frontage Type
City Street
Road Surface Type
Asphalt
Income Includes
Rent Only
Cap Rate
7.2

Courtesy of Jace Merlo, Johnston Merlo & Newton

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

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