4401 Goshen Ave Visalia, CA 93291

Property Details for 4401 Goshen Ave

Year built

1986

Construction

WOOD

Lot size

3.34 lot acres

Property size

52,976 SF

Zone code

RM3

Property type

Apartment buildings

APN

085-630-002-000

APU

85630002000

Description

This exceptional 52-unit apartment complex, nestled on a 3.34-acre lot in Visalia, CA, presents a lucrative investment opportunity. Built in 1986, this gated community boasts a prestigious reputation as Visalia's first luxury apartment complex, maintaining its desirability to this day. The property features a mix of unit sizes: 36 two-bedroom/two-bathroom units, 8 three-bedroom/two-bathroom units, and 8 one-bedroom/one-bathroom units, all totaling 52,976 square feet. Each unit includes a refrigerator, washer, dryer, fireplace, and elegant architectural details such as tray ceilings. Residents enjoy a resort-style atmosphere with a swimming pool and heated spa, surrounded by mature landscaping and spacious courtyards. The complex also offers 37 additional uncovered parking spaces, in addition to a single-car garage for each unit. A secure gated entry enhances resident safety and privacy. Detailed financial information, including a Debt Service Coverage Ratio (DSCR) of 1.25% for a 30-year, 6.5% loan with a 5% Annual Debt Payment (ADP) of $5,156,401 (based on 2025 estimated cash flow), price per square foot of $217,000, price per door of $221,000, a Gross Rent Multiplier (GRM) of 13.5X, and a capitalization rate (CAP) of 4.29% (based on a 2025 reconstructed expense average of the last five years and scheduled rents), is available upon request to qualified buyers. The possibility of adding EV charging stations is also being explored. This property offers a compelling blend of luxury, location, and strong financial performance.

Location Insight

City

Visalia

County

Tulare

State

California

Longitude

-119.34

Latitude

36.3397

CBSA code

47300

CBSA name

VISALIA-PORTERVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments