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    New Multifamily Property in June Lake Title is generated by Realmo AI

    25 Howard, June Lake, CA 93529

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    Claim this Listing
    For Sale
    $2,888,000

    Commercial/Residential - June Lake, CA

    Property size:
    5,500 SF
    Lot size:
    18,731.00 Acres
    Price / SF:
    $525/SF
    Added:
    Dec 3, 2025
    Days on Market:
    179
    Last Refresh:
    May 31 at 7:06 pm

    Property Features for 25 Howard

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Kitchen, Living Room, Loft
    Parking
    10
    Parking features
    Assigned, Paved or Surfaced
    Interior features
    Ceiling Fan(s), High Ceilings, Stone Counters, Storage, 2+ Access Exits, 32 Inch Or More Wide Doors, 48 Inch Or More Wide Halls, Doors - Swing In, Insulated Doors, Carbon Monoxide Detector(s), Fire And Smoke Detection System, Fire Rated Drywall, Window Features: Blinds, Energy Star Qualified Windows, Insulated Windows, Screens
    Exterior features
    Fence, Community Features Included: Biking, Blm/National Forest, Dog Park, Fishing, Hiking, Lake, Park, Watersports, Mountainous, Preserve/Public Land, Storm Drains, Suburban, 2-5 Units/Acre
    Fencing
    Fenced
    Accessibility
    Accessible Doors
    Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    015103022000
    Size
    5,500 SF
    Lot size
    18,731.00 Acres

    Utilities

    Heating system
    Electric (Heating), Pellet Stove (Heating)
    Cooling system
    None (Cooling)
    Water front features
    Across The Road From Lake/Ocean, Across The Road From Lake/Ocean

    Building Details

    Year built
    2024
    Floors in Building
    2
    Number of units
    5
    Flooring type
    Vinyl
    Building materials
    HardiPlank Type
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Joey Head

    Listing agent Joey Head

    Listing office Balboa Real Estate, Inc 5256 S Mission Road Ste 905, Bonsall, CA

    Listing date Dec 3, 2025

    MLS# OC25269599 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Brand‑new (2024) five‑unit multifamily property offering immediate, stabilized income.
    • Prime location minutes from June Lake, Gull Lake, June Mountain Ski Area, and June Lake Village, ensuring consistent year‑round rental demand.
    • Each unit features modern design, high ceilings, open living spaces, abundant natural light, stainless appliances, stone counters, pellet fireplace, in‑unit washer/dryer, and private deck.
    • Efficient construction with dual‑glazed windows, R‑45 insulation, durable all‑weather subfloors, Hardie siding, steel roofing, and a commercial‑grade steel and concrete foundation.
    • Condo map engineering is complete and awaiting approvals, creating potential for future individual unit sales.
    • Not zoned for short‑term rentals, ideal for long‑term housing, workforce housing, or a stable cash‑flow investment.

    Overview

    This is a brand-new 2024 five-unit multifamily property located in June Lake. Known as The Acorns, it features five identical cabins, each with 2 bedrooms plus a loft and 1.5 bathrooms, approximating 1,050 square feet. The units offer modern design, high ceilings, open living spaces, and abundant natural light. Constructed in 2024, all units are fully leased, providing immediate, stabilized income with minimal maintenance requirements. Each cabin includes a modern kitchen with stainless appliances, stone counters, a pellet fireplace (plus electric heat), an in-unit washer/dryer, a private deck, and two dedicated parking spaces. Efficient construction throughout includes dual-glazed windows, R-45 insulation, durable all-weather subfloors, Hardie siding, steel roofing, fire sprinkler systems, and a commercial-grade steel and concrete foundation. The layout features two bedrooms on the main level plus a versatile loft that functions as an additional sleeping area, workspace, or flex room. Situated minutes from June Lake, Gull Lake, June Mountain Ski Area, and June Lake Village, the property benefits from consistent year-round rental demand. The property is not zoned for short-term rentals, making it ideal as long-term housing, workforce housing, or a stable cash-flow investment. The property size is 5,500 square feet and the lot size is approximately 0.43 acres. Condo map engineering is complete and awaiting county and state approvals, creating optionality for future individual unit sales. This is a rare opportunity to own the only newly built, purpose-constructed multifamily asset of its kind in June Lake, located in a supply-constrained market with minimal new construction and strong long-term fundamentals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    June Lake
    County
    Mono
    State
    California
    Longitude
    -119.076
    Latitude
    37.8196

    FAQs

    What type of property is this?
    Apartment building - Five new, fully leased units near June Lake.
    Where is this apartment building located?
    The property is located at 25 Howard June Lake, CA.
    What is the asking price?
    The asking price for this property is $2,888,000.
    What are key features of this property?
    This property features: Brand‑new (2024) five‑unit multifamily property offering immediate, stabilized income.; Prime location minutes from June Lake, Gull Lake, June Mountain Ski Area, and June Lake Village, ensuring consistent year‑round rental demand.; Each unit features modern design, high ceilings, open living spaces, abundant natural light, stainless appliances, stone counters, pellet fireplace, in‑unit washer/dryer, and private deck.
    (949) 247-8811
    We can help!
    Listing Contact
    Joey Head
    Real Estate License ID: 02236414
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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