471 Birdwell St Oakdale, CA 95361-3749
- Apartment buildings
- 1,560 SF
- 0.66 lot acres
Current Use by Public Records
- Apartment buildings
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,840,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,130,000
- 6.5%
- $2,055,000
- 7%
- $2,050,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,640,000
- Geo Method
- $2,045,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,020,000
- Retail
- $1,910,000
- Mixed-Use
- $2,075,000
- Hospitality
- $1,920,000
- Educational
- $1,735,000
- Residential Income
- $1,645,000
- Energy
- $1,890,000
- Income-Based Land
- $1,745,000
- Food Service
- $1,670,000
Location Insight
- Map
- Local Demand
- City
- Oakdale
- County
- Stanislaus
- State
- California
- Longitude
- -120.851
- Latitude
- 37.7587
- CBSA code
- 33700
- CBSA name
- MODESTO, CA METROPOLITAN STATISTICAL AREA
