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    Shaver Lake Renovated Rental Property Title is generated by Realmo AI

    41930 Buckeye Lane, Shaver Lake, CA 93664

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    For Sale
    $1,075,000

    MULTI_FAMILY - Shaver Lake, CA

    Property size:
    3,980 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $270/SF
    Added:
    Dec 12, 2025
    Days on Market:
    156
    Last Refresh:
    May 17 at 3:06 pm

    Property Features for 41930 Buckeye Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    6
    Rooms
    Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 7, Bathroom 6, Bathroom 5, Bedroom 6, Bathroom 2
    Parking features
    Covered
    Exterior features
    Wood
    Standard status
    Active
    APN
    12023406
    Size
    3,980 SF
    Lot size
    0.21 Acres

    Utilities

    Utilities
    Propane

    Building Details

    Year built
    1950
    Floors in Building
    2
    Number of units
    4
    Roof type
    Metal

    We can help!

    Listing Contact
    Jennifer Toste

    Listing agent Jennifer Toste License #02101126

    Listing office Realty Concepts, Ltd. - Fresno 575 E Alluvial Ste. 101, Fresno, CA

    Listing date Dec 12, 2025

    MLS# 641029 Listing URL

    Copyright © 2026 Fresno Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Four renovated rental units offering significant income potential (10‑cap)
    • Prime location in Shaver Lake, walkable to shops/restaurants, close to lake and China Peak
    • Zoned CM4, allowing for potential conversion to commercial property
    • Main house features a newly renovated 3‑bedroom, 2.5‑bath unit with modern kitchen and open floor plan
    • Includes a fenced yard, on‑site laundry, and ample parking
    • Sold furnished, enabling immediate occupancy and rental readiness

    Overview

    Located in Shaver Lake, California, this property features four renovated rental units. The property is situated in the middle of town, within walking distance of shops and restaurants, approximately 5 minutes from the lake, and 30 minutes from the slopes at China Peak. The property is zoned CM4, offering the potential to convert back into commercial property. The location is on 168, near the Hungry Hut. The main house, recently converted to a residential unit, includes a kitchen, 3 bedrooms, and 2.5 baths. The open floor plan features a kitchen that opens to the living and dining areas, a pellet stove, blue cabinets, concrete counters, a large island, stainless steel appliances, a propane gas range, an apron-front sink, and waterproof aggregate floors. The front suite has an attached bath with dual sinks, a shower, and a private toilet. There are two additional bedrooms, a hall bath with a tub, a half bath, and private laundry. A back porch opens onto a fenced yard. The Shaver Buckhouse unit has 2 bedrooms, 1 bath, LVP floors, and a recent kitchen addition with an open floor plan. The Rustic Shaver Escape unit, located at the back of the main house, includes stainless steel appliances in the kitchen, a living room with a beamed ceiling, and a bedroom with an attached bath. It also has private parking. The Cozy Shaver Studio unit features a kitchenette, a living area, a bedroom, and a bath, with LVP floors. The property is sold furnished and includes parking, a fenced yard, and on-site laundry. The lot size is 0.21 acres, and the property size is 3980 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Shaver Lake
    County
    Fresno
    State
    California
    Longitude
    -119.319351
    Latitude
    37.108894

    FAQs

    What type of property is this?
    Quadplex - Four renovated rental units in Shaver Lake, California.
    Where is this quadplex located?
    The property is located at 41930 Buckeye Lane Shaver Lake, CA.
    What is the asking price?
    The asking price for this property is $1,075,000.
    What are key features of this property?
    This property features: Four renovated rental units offering significant income potential (10‑cap); Prime location in Shaver Lake, walkable to shops/restaurants, close to lake and China Peak; Zoned CM4, allowing for potential conversion to commercial property
    (559) 490-1500
    We can help!
    Listing Contact
    Jennifer Toste
    Real Estate License ID: 02101126
    Learn More
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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.

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