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Property profile & analytics
OFF-MARKET
Apartment buildings
48939 Riv Park Rd Oakhurst, CA 93644-8863
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2410067
Property summary
AI-generated overview
This exceptional investment opportunity presents a six-unit apartment building located at 48939 River Park Rd, Oakhurst, CA 93644, in Madera County. The property, known as River Creek Apartments, boasts a total of 5,670 square feet across one, two-story building situated on a generous 18,692 square foot lot. Built in 1979 and extensively renovated in 2023, the property currently enjoys 100% occupancy. The six units consist of two-bedroom, one-bathroom apartments
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Construction
WOOD
Total area
5,670 SF
Lot
0.37 ac (16,117 SF)
Zoning code
RUM
APN
066-022-013-000
UPID
US09-2410067
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
John M Mccarthy · 8 yrs held
John M Mccarthy
since 2018
Last sale
$491,000
3 recorded transactions
Zoning & alternative use
RUM · Oakhurst, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oakhurst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oakhurst submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$7,073
Tax year 2024
Assessed value
$530,986
Assessed 2024
Previous assessed
$530,986
+0.0% YoY
Effective rate
1.33%
On assessed value
Assessed land
$80,413
Assessed improvement
$450,573
Applied tax rate
56.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Bathrooms
6
Total area
5,670 SF
Lot
0.37 ac (16,117 SF)
Zoning code
RUM
APN
066-022-013-000
UPID
US09-2410067
Jurisdiction
MADERA
Zoning & alternative use
RUM · Oakhurst, CA
Zoning RUM · permitted uses
RUM · Oakhurst, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oakhurst. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Bathrooms
6
Lot
0.37 ac
Current owner
From public records · entity-resolved
John M Mccarthy
Individual
Mailing address
2824 APPLEWOOD DR, LODI, CA 95242-8317
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2020
—
Mobin P Ghavami
—
Deed
related
$750,000 · Bank Of Stockton
Apr 9, 2018
—
John M Mccarthy
Mccarthy,evelyn D
Affidavit Of Death
—
Apr 10, 1989
$66,000
John M Mccarthy
Fusselman,james
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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