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    48960 River Park Rd Oakhurst, CA 93644

    • Apartment buildings
    • 3,150 SF
    • 0.47 lot acres
    For Sale
    View listing
    $1,035,065
    Value Estimation
    Last Sale
    Jul 12, 2022
    $900,000
    Location Intelligence
    Property ID
    US10-2979545
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 48960 River Park Rd

    Year built
    1972
    Construction
    WOOD
    Lot size
    0.47 lot acres
    Property size
    3,150 SF
    Zone code
    RUM
    Property type
    Apartment buildings
    APN
    066-021-010-000
    APU
    66021010000

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $825,000

    • CAP approach

      CAP return
      Estimation
      6%
      $850,000
      6.5%
      $800,000
      7%
      $940,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $895,000
      Geo Method
      $845,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,000,000
      Retail
      $875,000
      Mixed-Use
      $830,000
      Hospitality
      $845,000
      Educational
      $795,000
      Residential Income
      $785,000
      Energy
      $1,050,000
      Income-Based Land
      $800,000
      Food Service
      $790,000

    Location Insight

    • Map
    • Local Demand
    City
    Oakhurst
    County
    Madera
    State
    California
    Longitude
    -119.655
    Latitude
    37.3294
    CBSA code
    31460
    CBSA name
    MADERA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,910
    $135,252
    $809,098
    $944,350
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,484 SF

      48106 Lindsay Ln

      APARTMENT HOUSE (5+ UNITS) • 2,484 SF
      48106 Lindsay Ln, Oakhurst, CA 93644
      View Details
    • Value Estimation
      $245,000
      1,867 SF

      40809 Winding Way

      APARTMENT HOUSE (5+ UNITS) • 1,867 SF
      40809 Winding Way, Oakhurst, CA 93644-9449
      View Details
    • Value Estimation
      $295,000
      1,620 SF

      48176 Lindsay Ln

      APARTMENT HOUSE (5+ UNITS) • 1,620 SF
      48176 Lindsay Ln, Oakhurst, CA 93644-9208
      View Details
    • Value Estimation
      $1,255,000
      18,566 SF

      40410 Redbud Dr

      APARTMENT HOUSE (5+ UNITS) • 18,566 SF
      40410 Redbud Dr, Oakhurst, CA 93644-9004
      View Details
    • Value Estimation
      $340,000
      7,241 SF

      48978 Riv Park Rd

      APARTMENT HOUSE (5+ UNITS) • 7,241 SF
      48978 Riv Park Rd, Oakhurst, CA 93644-9139
      View Details
    • Value Estimation
      $295,000
      5,016 SF

      48994 Riv Park Rd

      APARTMENT HOUSE (5+ UNITS) • 5,016 SF
      48994 Riv Park Rd, Oakhurst, CA 93644-9137
      View Details

    Similar Nearby for Sale

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      Eight-unit apartment building, excellent ROI.
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      Lancaster County Industrial Warehouse

      Class A warehouse, 300,240 SF, divisible.
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      Oakhurst Land For Sale

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    Similar Nearby for Lease

    • Contact for pricing
      26,846 SF

      Golden Oak Village Shopping Center

      Oakhurst Retail & Office Space Available
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    • Contact for pricing
      6,572 SF

      Turnkey Restaurant Opportunity

      Existing restaurant space available for lease in Oakhurst, California.
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    • Contact for pricing
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      Oakhurst Retail Center - Highway 41/49

      Prime Retail Location, High Traffic Area
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      View Details
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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
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