Fully Leased Fourplex
219 S 2nd Avenue Oakdale, CA 95361
219 S 2nd Avenue, Oakdale, CA, 95361
$925,000
For Sale
$925,000
Fully leased fourplex with separately metered units, coin-operated laundry, and a roof installed in 2017.
Property Size3,840 SF
Price / SF$240.89
Days on Market70
Property Features for 219 S 2nd Avenue
General Information
- Standard status
- Active
- Size
- 3,840 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1965
Listing agency
Commercial R.E. Investors, Inc
(949) 996-7077
Listed by
Dylan Brazil · License #02177812
(949) 996-7077
Source
Exitrealty
Added: May 13 Updated: Jul 21 at 12:42AM Checked: Jul 21 at 5:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial R.E. Investors, Inc
Investment Insights
Based on property information with market context.
This fully leased fourplex includes four separately metered units. Two of the units have been renovated with brand-new stainless steel appliances, updated kitchens and bathrooms, modern vinyl plank flooring, and fresh interior paint, while the remaining two units are described as well-maintained. The property also features coin-operated laundry and a roof installed in 2017, along with a newly paved parking lot offering off-street parking.
The property is located in Oakdale and is described as being just minutes from downtown, parks, schools, and local amenities.
As presented, the asset is positioned for steady rental performance with a strong rental history and long-term tenants, supported by recent capital improvements and maintained unit condition.
The property is located in Oakdale and is described as being just minutes from downtown, parks, schools, and local amenities.
As presented, the asset is positioned for steady rental performance with a strong rental history and long-term tenants, supported by recent capital improvements and maintained unit condition.
Key Highlights
- Fully leased 4‑plex with separately metered units
- Brand‑new roof installed in 2017
- On‑site coin‑operated laundry for added income
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.0k | $19.80 |
| − Vacancy | −$1.8k | −$0.47 |
| EGI | $74.2k | $19.33 |
| − OpEx | −$22.3k | −$5.80 |
| NOI | $52.0k | $13.53 |
3,840 SF · lease $19.80/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$742.2K
$649.5K – $865.9K
NOI $51,956 @ 7.0% cap · market cap 5.62%
Second Best
Apartment 5plus
$684.8K
$599.2K – $799.0K
NOI $47,938 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,936 @ 7.0% cap · market cap 13.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully leased fourplex with separately metered units, coin-operated laundry, and a roof installed in 2017.
Where is this quadplex located?
The property is located at 219 S 2nd Avenue Oakdale, CA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Fully leased 4‑plex with separately metered units; Brand‑new roof installed in 2017; On‑site coin‑operated laundry for added income
