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    48960 River Park Rd Oakhurst, CA 93644

    Sponsored
    For Sale
    $1,035,065

    Eight-unit apartment building, excellent ROI.

    Property size:
    6,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional multifamily investment property, located at 48960 River Park Rd, Oakhurst, CA 93644, presents a compelling opportunity for discerning investors. The property consists of an eight-unit apartment building, totaling 6,400 square feet of net rentable space, situated on a spacious 20,473 square foot lot. Built in 1972 and extensively renovated in 2022, the property boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $51,753, resulting in a 5.00% capitalization rate. The asking price is $1,035,065, translating to $129,383.12 per unit and $328.59 per square foot. The property features two buildings, each two stories high, and is conveniently located near town and a park, offering residents a desirable lifestyle. The property's Assessed Parcel Number (APN) is 066-021-010. This stabilized investment presents a rare opportunity to acquire a high-performing multifamily asset in a desirable location. The property's strong cash flow and recent renovations make it an ideal addition to any investment portfolio. The property is currently under Caltree ownership.

    Property Features for 48960 River Park Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,400 SF

    Building Details

    Year Built/Renovated
    1972/2022
    Buildings
    2
    Stories
    2
    Units
    8

    HighLights

    • 8‑unit apartment building in Oakhurst, CA, asking $1,035,065.
    • 6,400 square feet, 100% occupancy, generating a $51,753 NOI and a 5.00% cap rate.
    • $129,383 per unit, $328.59 per square foot.
    • Built in 1972, renovated in 2022, situated on a 20,473 square foot lot.
    • Two buildings, two stories each.
    • Located at 48960 River Park Rd, Oakhurst, CA 93644.
    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
    -119.65530933067
    Latitude
    37.328983455335

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    FAQs

    What type of property is this?
    Multifamily property - Eight-unit apartment building, excellent ROI.
    Where is this multifamily property located?
    The property is located at 48960 River Park Rd Oakhurst, CA.
    What is the asking price?
    The asking price for this property is $1,035,065.
    What are key features of this property?
    This property features: 8-unit apartment building in Oakhurst, CA, asking $1,035,065.; 6,400 square feet, 100% occupancy, generating a $51,753 NOI and a 5.00% cap rate.; $129,383 per unit, $328.59 per square foot.
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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
    48960 River Park Rd Oakhurst, CA 93644
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