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    48951 River Park Rd Oakhurst, CA 93644

    Sponsored
    For Sale
    $1,232,164

    Seven-unit apartment building, fully renovated, strong NOI.

    Property size:
    7,488 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 7-unit apartment building in Oakhurst, California, presents a compelling investment opportunity. Located at 48951 River Park Rd, 93644, this stabilized property boasts a total of 7,488 square feet across two stories, situated on a 17,577 square foot lot. Built in 1984 and extensively renovated in 2022, the property features a new roof, concrete parking lot, updated drywall, fixtures, appliances, and fresh paint throughout. The building currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $61,600, resulting in a 5.00% capitalization rate. Each of the seven units commands a price of $176,023.43, contributing to the overall asking price of $1,232,164. The property includes two parking spaces and is identified by APN 066-022-012. This turnkey investment offers a strong return on investment with its high occupancy rate and recent renovations, making it an ideal addition to any portfolio. The property is located in Madera County, California.

    Property Features for 48951 River Park Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,488 SF

    Building Details

    Year Built/Renovated
    1984/2022
    Buildings
    1
    Stories
    2
    Units
    7

    HighLights

    • $1,232,164 asking price for a stabilized multifamily investment property.
    • Seven‑unit apartment building with 7,488 square feet of net rentable area.
    • $164.55 price per square foot and a 5.00% cap rate.
    • 100% occupancy with a $61,600 net operating income (NOI).
    • Completely remodeled in 2022, including a new roof, parking lot, and interior finishes.
    • Located at 48951 River Park Rd, Oakhurst, CA 93644, on a 17,577 sq ft lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Building Supply Skin Care Clinic Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Oakhurst
    County
    Madera
    State
    California
    Longitude
    -119.6554387
    Latitude
    37.3286608

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    FAQs

    What type of property is this?
    Multifamily property - Seven-unit apartment building, fully renovated, strong NOI.
    Where is this multifamily property located?
    The property is located at 48951 River Park Rd Oakhurst, CA.
    What is the asking price?
    The asking price for this property is $1,232,164.
    What are key features of this property?
    This property features: $1,232,164 asking price for a stabilized multifamily investment property.; Seven-unit apartment building with 7,488 square feet of net rentable area.; $164.55 price per square foot and a 5.00% cap rate.
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    Oakhurst, CA 93644
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    48951 River Park Rd Oakhurst, CA 93644
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