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    12-Unit Multifamily Apartment Property Title is generated by Realmo AI

    48556 & 48522 Victoria Ln, Oakhurst, CA 93644

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    Twelve 2-bedroom, 1-bath apartments across four buildings provide straightforward residential income housing.

    Type:Multifamily
    Property size:
    10,752 SF
    Price / SF:
    $139/SF
    Added:
    May 30, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 6 at 3:37 am

    Property Features for 48556 & 48522 Victoria Ln

    General Information

    Standard status
    Active
    Size
    10,752 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1993

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    Listing Contact
    Andrew Pence

    Listing agent Andrew Pence License #CA 02091912

    Listing office Granite West Funding

    Listing date May 30, 2026

    Source Crexi

    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 Granite West Funding

    HighLights

    • 12‑unit multifamily property built in 1993, with four separate buildings
    • Each unit offers 896 SF of living space with 2 bedrooms and 1 bathroom
    • Buildings total 2,688 SF each; 10,752 SF total across the four buildings
    • Four buildings with 3 units each
    • Property is within 2 miles of the unincorporated town center of Oakhurst

    Overview

    Elderberry Properties is a 12-unit multifamily apartment property built in 1993, consisting of four separate buildings with three units each. The apartments are each 896 square feet and include 2 bedrooms and 1 bathroom, offering a consistent unit mix across the property.

    The buildings are situated within established pine trees, creating a park-like setting. The property is located within 2 miles of the unincorporated town center of Oakhurst.

    This configuration can appeal to buyers seeking a manageable, repeatable residential income setup with consistent floorplans throughout. With all units arranged in four three-unit buildings, the property offers a cohesive layout for operations and tenant turnover, while the surrounding wooded setting may support tenant appeal for a more residential-feeling environment.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $216.8k $20.16
    − Vacancy −$17.3k −$1.61
    EGI $199.4k $18.55
    − OpEx −$89.7k −$8.35
    NOI $109.7k $10.20
    10,752 SF · lease $20.16/SF/yr · vacancy 8.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.57M
    $1.37M – $1.83M (±1% cap)
    NOI $109,681 @ 7.0% cap · market cap 7.32%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $4.16M
    $3.64M – $4.85M (±1% cap)
    NOI $291,267 @ 7.0% cap · market cap 19.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oakhurst
    County
    Madera
    State
    California
    Longitude
    -119.6626213
    Latitude
    37.328396

    FAQs

    What type of property is this?
    Apartment building - Twelve 2-bedroom, 1-bath apartments across four buildings provide straightforward residential income housing.
    Where is this apartment building located?
    The property is located at 48556 & 48522 Victoria Ln Oakhurst, CA.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: 12‑unit multifamily property built in 1993, with four separate buildings; Each unit offers 896 SF of living space with 2 bedrooms and 1 bathroom; Buildings total 2,688 SF each; 10,752 SF total across the four buildings
    More about this property
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