Building Details

Building Size 1,508 SF

Year Built 1955

Buildings 1

Stories 1

Units 2

Listing Agency: Davenport Properties Show Phone

Listed By: Kellee Davenport · License #01489625 Show Phone

Source: Davenportsold

Added: Oct 19 Changed: Oct 23 Last Checked: Oct 23 at 4:02PM

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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 Davenport Properties

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Investment Insights

Based on property information with market context.

This duplex comprises 1,508 square feet and was built in 1955. It is located at 405 S 1st Street in Chowchilla, California, with R-M6 zoning.

Key Highlights

• 1,508‑square‑foot duplex
• Built in 1955
• R‑M6 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,620

Cap Rate

6.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$332,400 $332.4K

Cap Rate 7%

$237,429 $237.4K

Cap Rate 9%

$184,667 $184.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,508 SF

Gross rent

$25.7K $17.04/SF

− Vacancy

−$2.0K −$1.30/SF

EGI

$23.7K $15.74/SF

− OpEx

−$7.1K −$4.72/SF

NOI

$16.6K $11.02/SF

Area

Madera County, CA

Vacancy

7.60%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$332,400

Cap Rate 7%

$237,429

Cap Rate 9%

$184,667

Alternative Uses

Best Use

Multifamily LT 5

$237.4K

$207.8K – $277.0K (±1% cap)

NOI $16,620 @ 7.0% cap · market cap 6.39%

Second Best

Apartment 5plus

$219.8K

$192.3K – $256.4K (±1% cap)

NOI $15,383 @ 7.0% cap · market cap 5.92%

Theoretical Best

Office A

$583.6K

$510.6K – $680.9K (±1% cap)

NOI $40,851 @ 7.0% cap · market cap 15.71%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

445

Businesses Nearby

Explore this area Business Placement

Demographics for 93610, CA

23,859

Population

6,029

Households

4

Avg Household Size

36

Median Age

16%

College-Educated

77%

High-School Grad

263.2 sq mi

ZIP Area

91

Density / Sq Mi

$66,567

Median Household Income

$28,125

Median Earnings

$1,239

Median Rent

$342,000

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Similar For Sale Nearby

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$397,500

2,542 SF

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21707 Rd 20, Chowchilla, CA 93610

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31,200 SF

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Frequently Asked Questions

What type of property is this?

Duplex - The property contains 1,508 square feet and is situated in an R-M6 zoning district.

Where is this duplex located?

The property is located at 405 S 1st Street Chowchilla, CA.

What is the asking price?

The asking price for this property is $260,000.

What are key features of this property?

This property features: 1,508‑square‑foot duplex; Built in 1955; R‑M6 zoning