12-Unit Multifamily Apartment
For Sale
Contact for pricing
48556 & 48522 Victoria Ln, Oakhurst, CA 93644
Twelve 2-bedroom, 1-bath apartments across four buildings provide straightforward residential income housing.
Property Size10,752 SF
Price / SF$139.42
Days on Market149
Property Features for 48556 & 48522 Victoria Ln
General Information
Standard status
Active
Size
10,752 SF
Total Parking Spaces
20
Property subtype
Multifamily
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$85,101
Additional Details
Multifamily Units
12
Building Details
Year Built
1993
Buildings
5
Units
12
Listing Agency:
RE Brokerage
Listed By:
Andrew Pence · License #CA 02091912
(559) 908-5281
Source:
Crexi
Added: May 30
Changed: Oct 10
Last Checked: Oct 24 at 5:12PM
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 RE Brokerage
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Investment Insights
Based on property information with market context.
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.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,681
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,193,620
$2.2M
Cap Rate 7%
$1,566,871
$1.6M
Cap Rate 9%
$1,218,678
$1.2M
Market Conditions
NOI Build-Up for 10,752 SF
Gross rent
$216.8K $20.16/SF
− Vacancy
−$17.3K −$1.61/SF
EGI
$199.4K $18.55/SF
− OpEx
−$89.7K −$8.35/SF
NOI
$109.7K $10.20/SF
Area
Madera County, CA
Vacancy
8.00%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,193,620
Cap Rate 7%
$1,566,871
Cap Rate 9%
$1,218,678
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.37M – $1.83M
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
NOI $291,267 @ 7.0% cap · market cap 19.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
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Business Placement
Demographics for 93644, CA
7,751
Population
3,788
Households
2
Avg Household Size
52
Median Age
26%
College-Educated
91%
High-School Grad
117.1 sq mi
ZIP Area
66
Density / Sq Mi
$75,241
Median Household Income
$29,056
Median Earnings
$1,301
Median Rent
$378,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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
