471 Birdwell St Oakdale, CA 95361-3749

Property Details for 471 Birdwell St

Year built

1972

Construction

WOOD

Lot size

0.66 lot acres

Property size

1,560 SF

Property type

Apartment buildings

APN

130-053-048-000

APU

130053048000

Description

This exceptional 13-unit apartment building, located at 471 Birdwell Street in Oakdale, California, presents a compelling investment opportunity. Situated on a generous 0.5-acre lot (28,749 sq ft), the property boasts 10,475 sq ft of rentable space and offers a diverse unit mix including two three-bedroom, eight two-bedroom, and three one-bedroom units. Built in 1972, the property is zoned R-3 and features 20 parking spaces. The asking price is $2,000,000, representing a price per unit of $153,846.15 and a price per square foot of $190.93. The property enjoys a strong 6.37% cap rate with a Net Operating Income (NOI) of $127,375. Its prime location in Oakdale, just 10 miles east of Modesto, within Stanislaus County, ensures high rental demand in a market with limited multifamily inventory. This well-maintained building offers stable rental income with potential for future value-add improvements, making it an attractive investment for those seeking long-term growth in a desirable California market. The property's convenient access to major transportation routes, schools, and local amenities further enhances its appeal to both tenants and investors. The APN is 130-053-048. This is a rare opportunity to acquire a well-positioned multifamily asset in a thriving community.

Location Insight

City

Oakdale

County

Stanislaus

State

California

Longitude

-120.851

Latitude

37.7587

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments