Six-Unit Apartment
48939 River Park Road Oakhurst, CA 93644
48939 River Park Road, Oakhurst, CA, 93644
$729,000
For Sale
$729,000
Six-unit multifamily property with 2- and 1.5-bath two-bedroom units and an on-site laundry room.
Property Size5,670 SF
Price / SF$128.57
Days on Market72
Property Features for 48939 River Park Road
General Information
- Standard status
- Active
- Size
- 5,670 SF
- Property subtype
- Multi Family / 5 to 15 Units
Building Details
- Year Built
- 1979
Listing agency
Thor Commercial Real Estate
(559) 760-0511
Listed by
John D Thor · License #01024945
(559) 760-0511
Source
Compass
Added: May 12 Updated: Jul 22 at 12:33AM Checked: Jul 22 at 12:33AM
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 Thor Commercial Real Estate
Investment Insights
Based on property information with market context.
This six-unit apartment building includes four two-bedroom, one-bath units in good condition and two two-bedroom units with 1.5 baths. One unit is currently vacant, and the seller is remodeling the kitchen in the vacant unit.
The property also features a laundry room intended to generate additional income. Per the remarks, two of the units are currently rented below market.
The overall configuration is a mix of two-bedroom layouts across the six units, supported by on-site laundry amenities.
The property also features a laundry room intended to generate additional income. Per the remarks, two of the units are currently rented below market.
The overall configuration is a mix of two-bedroom layouts across the six units, supported by on-site laundry amenities.
Key Highlights
- Six‑unit multifamily property (4 units with 2BD/1BA and 2 units with 2BD/1.5BA)
- Two rentals are currently below market
- One unit is vacant, with the kitchen being remodeled as part of the sale
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 | $114.3k | $20.16 |
| − Vacancy | −$9.1k | −$1.61 |
| EGI | $105.2k | $18.55 |
| − OpEx | −$47.3k | −$8.35 |
| NOI | $57.8k | $10.20 |
5,670 SF · lease $20.16/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$826.3K
$723.0K – $964.0K
NOI $57,839 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,598 @ 7.0% cap · market cap 21.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit multifamily property with 2- and 1.5-bath two-bedroom units and an on-site laundry room.
Where is this apartment building located?
The property is located at 48939 River Park Road Oakhurst, CA.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Six‑unit multifamily property (4 units with 2BD/1BA and 2 units with 2BD/1.5BA); Two rentals are currently below market; One unit is vacant, with the kitchen being remodeled as part of the sale
