Patterson, LA High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Patterson, Louisiana Market population: 20K. Explore income-producing properties with verified cap rates and operating...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Patterson CA Properties: 1.5700%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Patterson CA
Common questions from investors exploring commercial real estate in Patterson CA.
What is the overall investment potential of Patterson, CA, considering its demographic and economic factors?
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Patterson, CA's investment potential is promising, with a median household income of $55,016, a relatively low poverty rate of 13.1%, and a high health insurance coverage rate of 92.0%, indicating a stable and employed population. The city's diverse economy, led by the information, public administration, and construction industries, also contributes to its attractiveness. Additionally, the top ethnicities, including Hispanic, White, and White Non-Hispanic, suggest a culturally diverse community.
How does the city's commute time and transportation infrastructure impact the quality of life for residents and potential renters?
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The average commute time of 41 minutes in Patterson, CA, although relatively long, is mitigated by the availability of public transportation and the fact that many residents drive alone or carpool, indicating a decent transportation infrastructure. Furthermore, the high health insurance coverage rate of 92.0% and a relatively low poverty rate of 13.1% suggest that residents have access to necessary resources, contributing to a stable quality of life.
What are the implications of Patterson, CA's housing market for real estate investors, considering factors like property value, taxes, and homeownership rate?
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The median property value of $162,100 and median property taxes of $3,875 in Patterson, CA, suggest a relatively affordable housing market. The high homeownership rate of 67.0% indicates a strong demand for housing, which could be beneficial for real estate investors. Moreover, the city's diverse population, with top ethnicities including Hispanic, White, and White Non-Hispanic, and a foreign-born rate of 25.8%, may contribute to a vibrant and dynamic community.
How does the city's economic inequality, as measured by the Gini coefficient, affect the local real estate market and potential investment opportunities?
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Patterson, CA's Gini coefficient of 0.379 indicates a moderate level of economic inequality, which may impact the local real estate market. However, the city's strong employment numbers, with an employed population of 7,595, and a relatively low poverty rate of 13.1%, suggest that there is a stable workforce that can support the housing market. Additionally, the top industries, including information, public administration, and construction, provide a diverse economic base that can contribute to market demand.
What role does the city's demographic diversity play in shaping the local real estate market and attracting potential investors?
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The demographic diversity of Patterson, CA, with top ethnicities including Hispanic, White, and White Non-Hispanic, and a foreign-born rate of 25.8%, suggests a culturally vibrant and dynamic community. This diversity, combined with a relatively high median household income of $55,016 and a low poverty rate of 13.1%, may attract investors looking for a stable and growing market. Furthermore, the city's average commute time of 41 minutes and high health insurance coverage rate of 92.0% indicate a decent quality of life, making it an attractive location for residents and potential renters.
Patterson CA Real Estate & City Facts
Key facts and real estate information about Patterson CA.
What are some of the best neighborhoods to live in Patterson?
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Some of the best neighborhoods to live in Patterson include Downtown Patterson, which is known for its affordability and friendliness. Other desirable areas tend to be in the central parts of the city, while more affordable homes are in the north regions.
What are some fun things to do in Patterson?
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There are plenty of fun things to do in Patterson, including visiting Woodland Star Park, Fantozzi Farms Corn Maze & Pumpkin Patch, and Early Gold Park. You can also check out the Modesto Certified Farmers Market, McHenry Village, and the McHenry Museum.
What is the food scene like in Patterson?
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The food scene in Patterson is diverse and offers a range of options, including Blues Cafe, Ernie's Taqueria, and A&W Restaurant for cheap eats. You can also find upscale dining at The Old Water Office, or try some Mexican food at El Sombrero or Javi's Fine Mexican Food.
What are the pros and cons of living in Patterson?
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Patterson has its pros and cons. On the plus side, it has a relatively low cost of living and a strong sense of community. However, it also has a higher poverty rate and limited job opportunities compared to other cities in the state. Additionally, the city's remote location can make it difficult to access certain amenities and services.
Is Patterson a good place to live?
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Whether or not Patterson is a good place to live depends on your individual preferences and priorities. If you're looking for an affordable place to live with a strong sense of community, Patterson might be a good fit. However, if you're looking for a city with a more diverse range of job opportunities and amenities, you might want to consider other options.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Patterson CA Commercial Property: $55,016
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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