1810 Hardcastle Ave · Hanford, CA 93230

$222,500

4 bd · 2.0 ba · 1,537 sqft · SingleFamily public records · 9 Days on market

Built 1940 9,000 sqft lot Est $381k · 42% under

---

Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.7/30.0
• ARV discount +15.0/15.0
• DSCR +9.2/10.0
• 1% rule +6.0/10.0
• Livability +3.8/5.0
• Schools +3.6/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming 4 bedroom, 1 bath home offering approximately 1,537 sqft of living space in an established Hanford neighborhood. A welcoming covered front porch adds curb appeal and provides a relaxing place to enjoy the outdoors before stepping inside to a functional layout filled with natural light. The home features comfortable living spaces, a kitchen with ample cabinetry and counter space, and an adjoining dining area ideal for everyday meals and gatherings. Multiple bedrooms offer flexibility for family, guests, or a home office, while ceiling fans and generous windows enhance comfort throughout. One bathroom includes a convenient walk in shower, and the floor plan provides a practical flow across the home. A spacious utility and laundry area offers additional storage and flexible space that could serve as a workspace, hobby area, or extended living setup. The large lot provides plenty of room for outdoor enjoyment, gardening, or future improvements. In the backyard, a covered carport and workshop area provide excellent potential for parking, projects, equipment storage, or recreational use, along with additional detached storage structures for added versatility. Hanford continues to experience steady growth throughout Kings County with expanding residential development, new local businesses, and convenient access to employment centers across the Central Valley. Residents enjoy proximity to schools, parks, shopping, and dining while still benefiting from the charm of an established neighborhood. This property presents a great opportunity for buyers looking for space, flexibility, and potential in one of the Central Valley's steadily developing communities.

Key facts

• Covered front porch
• Ample cabinetry
• Covered carport

Tags

• COVERED FRONT PORCH
• AMPLE CABINETRY
• WALK IN SHOWER
• SPACIOUS UTILITY AREA
• COVERED CARPORT
• WORKSHOP AREA

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $222k.

Deal economics

• At list price, monthly cash flow is $602 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $222k).
• Cap rate 9.5% vs local median 3.9% in Hanford — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#121 in CA, #4,255 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, amenities B; Watch: crime D+, health & safety D+, cost of living F.
• Hanford Joint Union High (urban): math 20% / reading 58% proficiency, ranked #765 of 1,400 in CA (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.9%/yr); 430 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 741 units permitted in Kings County in 2024 (307 in 5+ unit buildings).
• This rent runs 39% of the median local income ($76k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 2.9% rent growth), your $62k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $50k; list at $222k implies a 349% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $222,500

Questions for the listing agent

1. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.10% ✓
• Cap rate: 9.54%
• Cash-on-cash: 11.60%
• DSCR: 1.52
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $381,176
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2083 Parker Pl	0.32mi	3/2.0 (-1)	1,441 (-6%)	1mo	$345,000	$239	68
1915 Valley Spring Ave	0.49mi	3/2.0 (-1)	1,494 (-3%)	1mo	$370,000	$248	66
413 E Terrace Dr	0.29mi	3/2.0 (-1)	1,402 (-9%)	1mo	$350,000	$250	66
975 Salem Dr	0.41mi	3/2.0 (-1)	1,392 (-9%)	1mo	$340,000	$244	59
100 W Terrace Dr	0.60mi	3/— (-1)	1,616 (+5%)	1mo	$320,000	$198	58
969 Lakewood Dr	0.58mi	3/2.0 (-1)	1,420 (-8%)	1mo	$355,000	$250	54
1340 Waterview St	0.64mi	4/2.0	1,727 (+12%)	1mo	$405,000	$235	49
1175 Levich Cir	0.53mi	3/2.0 (-1)	1,318 (-14%)	0mo	$305,000	$231	46
924 Greenwood	0.63mi	3/2.0 (-1)	1,348 (-12%)	1mo	$374,250	$278	44
2002 N Woodridge	0.56mi	3/1.0 (-1)	1,337 (-13%)	0mo	$330,000	$247	43
2275 E Lemmon Way	0.62mi	3/2.0 (-1)	1,308 (-15%)	1mo	$356,000	$272	41
2403 Cherrywood Ct	0.74mi	4/2.0	1,311 (-15%)	2mo	$357,000	$272	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.87% rent growth · sell at horizon

5-year hold

• IRR: 0.8%
• Equity multiple: 1.03×
• Total profit: $1,906
• Equity at exit: $33,175

10-year hold

• IRR: 10.3%
• Equity multiple: 1.79×
• Total profit: $49,395
• Equity at exit: $19,238

Cash invested: $62,300 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 93230

• Rents YoY: 2.9%
• Active inventory: 430
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,450 high
• Mortgage (P&I): −$1,167
• Tax from tax record: −$74 /mo · $886/yr
• Insurance: −$93
• HOA: −$0
• Vacancy / Maint / Mgmt: −$515
• Net cashflow: $602

Break-even live

Break-even rent $1,688

Max offer price $222,500

Occupancy floor 70%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $55,625
• Closing costs: $6,675
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2103 Beechwood Ct Hanford, CA	3.0	2.0	1885	$2,375	$1.26	13d	1	0.35mi
2144 Beechwood Ct Hanford, CA	3.0	2.0	1466	$1,950	$1.33	13d	1	0.40mi
SAND CYN Outside Area (Inside Ca), CA	2.0–3.0	2.0	949	$2,809	$2.96	13d	3	0.44mi
2337 N 10th Ave Hanford, CA	3.0	2.0	1248	$1,795	$1.44	13d	1	0.68mi
2403 Cherrywood Ct Hanford, CA	4.0	2.0	1311	$2,450	$1.87	13d	1	0.73mi
2427 Cherrywood Ct Hanford, CA	5.0	2.5	2229	$2,650	$1.19	13d	1	0.79mi
1603 Middleton St Hanford, CA	3.0	3.0	2118	$3,500	$1.65	13d	1	0.91mi
1373 Van Ct Hanford, CA	3.0	2.0	1236	$1,900	$1.54	21d	1	1.04mi
1920 N 11th Ave Hanford, CA	3.0	2.0	1500	$1,650	$1.10	21d	1	1.09mi
345 Hanford, CA	3.0	2.0	1509	$2,400	$1.59	13d	1	1.33mi

Listing history 7 events

1. 2026-03-13
   status Pending
2. 2026-03-13
   price $222,500
3. 2026-03-12
   status Pending 1699-char remark

   Show marketing remark (1699 chars)

   Welcome to this charming 4 bedroom, 1 bath home offering approximately 1,537 sqft of living space in an established Hanford neighborhood. A welcoming covered front porch adds curb appeal and provides a relaxing place to enjoy the outdoors before stepping inside to a functional layout filled with natural light. The home features comfortable living spaces, a kitchen with ample cabinetry and counter space, and an adjoining dining area ideal for everyday meals and gatherings. Multiple bedrooms offer flexibility for family, guests, or a home office, while ceiling fans and generous windows enhance comfort throughout. One bathroom includes a convenient walk in shower, and the floor plan provides a practical flow across the home. A spacious utility and laundry area offers additional storage and flexible space that could serve as a workspace, hobby area, or extended living setup. The large lot provides plenty of room for outdoor enjoyment, gardening, or future improvements. In the backyard, a covered carport and workshop area provide excellent potential for parking, projects, equipment storage, or recreational use, along with additional detached storage structures for added versatility. Hanford continues to experience steady growth throughout Kings County with expanding residential development, new local businesses, and convenient access to employment centers across the Central Valley. Residents enjoy proximity to schools, parks, shopping, and dining while still benefiting from the charm of an established neighborhood. This property presents a great opportunity for buyers looking for space, flexibility, and potential in one of the Central Valley's steadily developing communities.

4. 2026-03-12
   price $222,500 1699-char remark

   Show marketing remark (1699 chars)

   Welcome to this charming 4 bedroom, 1 bath home offering approximately 1,537 sqft of living space in an established Hanford neighborhood. A welcoming covered front porch adds curb appeal and provides a relaxing place to enjoy the outdoors before stepping inside to a functional layout filled with natural light. The home features comfortable living spaces, a kitchen with ample cabinetry and counter space, and an adjoining dining area ideal for everyday meals and gatherings. Multiple bedrooms offer flexibility for family, guests, or a home office, while ceiling fans and generous windows enhance comfort throughout. One bathroom includes a convenient walk in shower, and the floor plan provides a practical flow across the home. A spacious utility and laundry area offers additional storage and flexible space that could serve as a workspace, hobby area, or extended living setup. The large lot provides plenty of room for outdoor enjoyment, gardening, or future improvements. In the backyard, a covered carport and workshop area provide excellent potential for parking, projects, equipment storage, or recreational use, along with additional detached storage structures for added versatility. Hanford continues to experience steady growth throughout Kings County with expanding residential development, new local businesses, and convenient access to employment centers across the Central Valley. Residents enjoy proximity to schools, parks, shopping, and dining while still benefiting from the charm of an established neighborhood. This property presents a great opportunity for buyers looking for space, flexibility, and potential in one of the Central Valley's steadily developing communities.

5. 2026-03-04
   listed $220,000 Active

   Show marketing remark (1699 chars)

   Welcome to this charming 4 bedroom, 1 bath home offering approximately 1,537 sqft of living space in an established Hanford neighborhood. A welcoming covered front porch adds curb appeal and provides a relaxing place to enjoy the outdoors before stepping inside to a functional layout filled with natural light. The home features comfortable living spaces, a kitchen with ample cabinetry and counter space, and an adjoining dining area ideal for everyday meals and gatherings. Multiple bedrooms offer flexibility for family, guests, or a home office, while ceiling fans and generous windows enhance comfort throughout. One bathroom includes a convenient walk in shower, and the floor plan provides a practical flow across the home. A spacious utility and laundry area offers additional storage and flexible space that could serve as a workspace, hobby area, or extended living setup. The large lot provides plenty of room for outdoor enjoyment, gardening, or future improvements. In the backyard, a covered carport and workshop area provide excellent potential for parking, projects, equipment storage, or recreational use, along with additional detached storage structures for added versatility. Hanford continues to experience steady growth throughout Kings County with expanding residential development, new local businesses, and convenient access to employment centers across the Central Valley. Residents enjoy proximity to schools, parks, shopping, and dining while still benefiting from the charm of an established neighborhood. This property presents a great opportunity for buyers looking for space, flexibility, and potential in one of the Central Valley's steadily developing communities.

6. 2026-03-04
   listed $220,000 Active 1699-char remark

   Show marketing remark (1699 chars)

   Welcome to this charming 4 bedroom, 1 bath home offering approximately 1,537 sqft of living space in an established Hanford neighborhood. A welcoming covered front porch adds curb appeal and provides a relaxing place to enjoy the outdoors before stepping inside to a functional layout filled with natural light. The home features comfortable living spaces, a kitchen with ample cabinetry and counter space, and an adjoining dining area ideal for everyday meals and gatherings. Multiple bedrooms offer flexibility for family, guests, or a home office, while ceiling fans and generous windows enhance comfort throughout. One bathroom includes a convenient walk in shower, and the floor plan provides a practical flow across the home. A spacious utility and laundry area offers additional storage and flexible space that could serve as a workspace, hobby area, or extended living setup. The large lot provides plenty of room for outdoor enjoyment, gardening, or future improvements. In the backyard, a covered carport and workshop area provide excellent potential for parking, projects, equipment storage, or recreational use, along with additional detached storage structures for added versatility. Hanford continues to experience steady growth throughout Kings County with expanding residential development, new local businesses, and convenient access to employment centers across the Central Valley. Residents enjoy proximity to schools, parks, shopping, and dining while still benefiting from the charm of an established neighborhood. This property presents a great opportunity for buyers looking for space, flexibility, and potential in one of the Central Valley's steadily developing communities.

7. 1991-08-21
   soldstatus $49,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $886 · $74/mo
• Projected year-2 tax: $1,691 · $141/mo
• Expected delta: +$805/yr (+$67/mo · 90.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 49 unhealthy d/yr today · 50 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,404
• − Mortgage interest: −$12,463
• − Property taxes: −$886
• − Insurance: −$1,112
• − Repairs & maintenance: −$2,352
• − Management: −$2,352
• − Depreciation: −$6,473
• Taxable income: $3,765
• Est. tax owed @ 24.0%: −$904
• After-tax cash flow: $6,326/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hanford Joint Union High
• NCES district ID: 0616500
• Math proficiency: 20% ▲ 1.00%
• Reading proficiency: 58% ▬ 0.00%
• Median HH income: $47,265
• Composite: 35.8/100
• National rank: #9626
• State rank: #765 of 1400 in CA

Livability — Hanford

• Score: 75/100
• State rank: #121
• US rank: #4255

Category grades

Amenities B Commute A+ Cost of living F Crime D+ Employment C Housing A+ Health & safety D+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hanford, CA
• County: Kings County · 107,655 people
• City population: 69,684
• Metro: Hanford-Corcoran, CA
• Population (ZIP): 69,684
• Household income: $76,023
• Rent vs Own: 38.7% rent · 61.3% own
• Severe rent burden: 2081.0

Population outlook (Kings County) Hauer SSP2

• Today (2025): 147,136 people
• By 2030: 145,623 · -1.0%
• By 2040: 146,017 · -0.8%
• By 2050: 145,239 · -1.3%
• By 2075: 131,479 · -10.6%
• By 2100: 103,967 · -29.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Hispanic / Latino 52% White 35% Two or more races 19% Black 5% Asian 3% Native American 2%
• Hispanic origin (detail): Mexican 49%
• Common ancestry: Russian 6% Italian 2% Lithuanian 1%
• Foreign-born: 17% · Canada
• Languages at home: 65% English-only · Spanish 31% Other Indo-European 2% Tagalog/Filipino 2%

Political lean MEDSL · Kings

• 2024 margin: Strong R (+23.0) · D 37.4% · R 60.4% · Other 2.2%
• 2008→2024 swing: -8.9pp toward R · 2008: -14.1pp · 2024: -23.0pp
• All cycles: 2024: R+23.0 2020: R+12.2 2016: R+14.1 2012: R+16.3 2008: R+14.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -267.79%
• Current HPI: 321.3409
• Rent YoY: ▲ 2.87%
• Metro: Hanford-Corcoran, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+349.5% since first listed

7 events — show timeline

• 2026-03-13 Pending — KCBOR
• 2026-03-13 Price Changed $222,500 KCBOR
• 2026-03-12 Pending — TCMLS
• 2026-03-12 Price Changed $222,500 TCMLS
• 2026-03-04 Listed $220,000 KCBOR
• 2026-03-04 Listed $220,000 TCMLS
• 1991-08-21 Sold (Public Records) $49,500 Public Records

Property tax history

+1.7%/yr

Latest (2025): $886 · +3.9% YoY. Source: county tax records.