Renovated 4-Unit
41930 Buckeye Lane, Shaver Lake, CA 93664
For Sale
New
$1,000,000
CM4 zoning accompanies four furnished rental units, with shops and restaurants within walking distance.
Property Size3,980 SF
Price / SF$251.26
Days on Market2
Property Features for 41930 Buckeye Lane
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Cap Rate
Road Access
Amenities
fenced yard
on-site laundry
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Realty Concepts, Ltd. - Fresno
Listed By:
Jennifer L. Toste · License #02101126
(559) 999-7455
Source:
Clovisrealestate
Added: Nov 6
Last Checked: Nov 6 at 2:52PM
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 Realty Concepts, Ltd. - Fresno
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Investment Insights
Based on property information with market context.
This 3,980-square-foot quadplex contains four renovated rental units and is offered furnished. The main residence has three bedrooms and 2.5 baths, an open kitchen, living and dining area, pellet stove, and private laundry. A separate two-bedroom, one-bath unit has an open layout and a recently added kitchen. The other units comprise a one-bedroom suite with an attached bath and a studio with a private bedroom and bath. The property also includes a fenced yard and on-site laundry. It was built in 1950.
Located on Highway 168 in Shaver Lake, the property is within walking distance of shops and restaurants. The lake is a five-minute drive away, and China Peak is about 30 minutes away. CM4 zoning is noted, along with potential to return one unit to commercial use. The property has rental history and is described as a 10-cap.
Located on Highway 168 in Shaver Lake, the property is within walking distance of shops and restaurants. The lake is a five-minute drive away, and China Peak is about 30 minutes away. CM4 zoning is noted, along with potential to return one unit to commercial use. The property has rental history and is described as a 10-cap.
Key Highlights
- Four renovated rental units totaling 3,980 square feet
- CM4 zoning; one unit is noted as having potential for commercial use
- Rental history; described as a 10‑cap
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,683
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,660
$1.1M
Cap Rate 7%
$752,614
$752.6K
Cap Rate 9%
$585,367
$585.4K
Market Conditions
NOI Build-Up for 3,980 SF
Gross rent
$80.2K $20.16/SF
− Vacancy
−$5.0K −$1.25/SF
EGI
$75.3K $18.91/SF
− OpEx
−$22.6K −$5.67/SF
NOI
$52.7K $13.24/SF
Area
Fresno County, CA
Vacancy
6.20%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,660
Cap Rate 7%
$752,614
Cap Rate 9%
$585,367
Alternative Uses
Best Use
Multifamily LT 5
$752.6K
$658.5K – $878.1K
NOI $52,683 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$719.0K
$629.1K – $838.8K
NOI $50,329 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$1.13M
$987.0K – $1.32M
NOI $78,962 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Demographics for 93664, CA
614
Population
2,106
Households
0.3
Avg Household Size
59
Median Age
53%
College-Educated
99%
High-School Grad
188.1 sq mi
ZIP Area
3
Density / Sq Mi
$142,292
Median Household Income
$80,625
Median Earnings
$618,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Fresno County, CA
Properties on Market for Quadplexes in Fresno County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - CM4 zoning accompanies four furnished rental units, with shops and restaurants within walking distance.
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 $1,000,000.
What are key features of this property?
This property features: Four renovated rental units totaling 3,980 square feet; CM4 zoning; one unit is noted as having potential for commercial use; Rental history; described as a 10‑cap
