Prime investment and development opportunity in Coalinga! This unique property features two existing homes on approximately 1.2 acres, with the land already surveyed and in the first phase of subdivision for potential development of up to 16 units (buyer to verify with City). A rare opportunity offering immediate rental income with significant future development potential. The property currently includes two separate homes. Unit 1: Approximately 800 sq ft, 1 bedroom, 1 bathroom, remodeled, wall heater, and swamp cooler. Rent is $600.00 month-to-month. Unit 2: Approximately 1000 sq ft., 2-bedroom, 1-bathroom is currently being remodeled with new title, updated kitchen, new cabinetry, quartz countertops, and vinyl flooring. Wall heater and swamp cooler.