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Coalinga 32-unit property sells for $3.7M, setting city record

Elm Tree Estates, a 32-unit property in Coalinga, has sold for over $3.7 million, which sets a city record at $116,406 per unit.  The property is located at 654 Lucille Ave. in south Coalinga and has four two-story garden-style buildings that were built in 1985. The complex includes 16 two-bedroom and 16 three-bedroom units averaging 1,062 square feet, according to a news release. Dustin Illic and Blake Blackburn, from Visintainer Group’s multif…
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The Business Journal broke the news in on Thursday, August 21, 2025.
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