12-Unit Multifamily Apartment
48556 & 48522 Victoria Ln Oakhurst, CA 93644
For Sale
Contact for pricing
Twelve 2-bedroom, 1-bath apartments across four buildings provide straightforward residential income housing.
Property Size10,752 SF
Price / SF$139.42
Days on Market57
Property Features for 48556 & 48522 Victoria Ln
General Information
- Standard status
- Active
- Size
- 10,752 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1993
Listing Agency:
RE Brokerage
Listed By:
Andrew Pence · License #CA 02091912
Source:
Crexi
Added: May 30
Changed: Jul 10
Last Checked: Jul 25 at 2:43AM
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
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 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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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
