6-Unit Apartment
For Sale
$785,000
Pending
2850 Mccall Avenue A-F, Selma, CA 93662
Multifamily property with covered parking and private patios for every apartment.
Property Size4,224 SF
Days on Market169
Property Features for 2850 Mccall Avenue A-F
General Information
Standard status
Pending
Size
4,224 SF
Total Parking Spaces
6
Property subtype
Multi Family
Units
Unit Mix
4 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
6
Amenities
patio
Building Details
Year Built
1962
Listing Agency:
RPS Real Estate
(559) 905-7096
Listed By:
Chris Rima · License #01053196
(559) 905-7096
Source:
Exitrealty
Added: Mar 15
Changed: Aug 29
Last Checked: Aug 29 at 1:51PM
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 RPS Real Estate
Investment Insights
Based on property information with market context.
This six-unit apartment property includes four one-bedroom, one-bath residences and two two-bedroom, one-bath residences. Each apartment has a dedicated covered parking space and an individual patio. The complex was built in 1962 and includes an open area that may serve as shared outdoor space.
Located at 2850 Mccall Avenue A-F in Selma, the property sits behind a fire station and near a grocery store, gas station, restaurants, and a mini mart. Downtown and local schools are also nearby, providing convenient access to everyday services and community destinations.
Located at 2850 Mccall Avenue A-F in Selma, the property sits behind a fire station and near a grocery store, gas station, restaurants, and a mini mart. Downtown and local schools are also nearby, providing convenient access to everyday services and community destinations.
Key Highlights
- 6‑unit apartment complex with 4 one‑bedroom and 2 two‑bedroom residences
- Each apartment includes a covered parking space
- Private patio provided for every apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,415
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,068,300
$1.1M
Cap Rate 7%
$763,071
$763.1K
Cap Rate 9%
$593,500
$593.5K
Market Conditions
NOI Build-Up for 4,224 SF
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.
Gross rent
$101.4K $24.00/SF
− Vacancy
−$4.3K −$1.01/SF
EGI
$97.1K $22.99/SF
− OpEx
−$43.7K −$10.35/SF
NOI
$53.4K $12.65/SF
Area
Fresno County, CA
Vacancy
4.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,068,300
Cap Rate 7%
$763,071
Cap Rate 9%
$593,500
Alternative Uses
Best Use
Apartment 5plus
$763.1K
$667.7K – $890.3K
NOI $53,415 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,803 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 93662, CA
30,774
Population
9,810
Households
3.1
Avg Household Size
33
Median Age
13%
College-Educated
73%
High-School Grad
77.9 sq mi
ZIP Area
395
Density / Sq Mi
$56,735
Median Household Income
$34,406
Median Earnings
$1,220
Median Rent
$297,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with covered parking and private patios for every apartment.
Where is this apartment building located?
The property is located at 2850 Mccall Avenue A-F Selma, CA.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 6‑unit apartment complex with 4 one‑bedroom and 2 two‑bedroom residences; Each apartment includes a covered parking space; Private patio provided for every apartment
