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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Apartment buildings
48951 Riv Park Rd Oakhurst, CA 93644-8862
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-0377962
Property summary
AI-generated overview
This exceptional 7-unit apartment building in Oakhurst, California, presents a compelling investment opportunity. Located at 48951 River Park Rd, 93644, this stabilized property boasts a total of 7,488 square feet across two stories, situated on a 17,577 square foot lot. Built in 1984 and extensively renovated in 2022, the property features a new roof, concrete parking lot, updated drywall, fixtures, appliances, and fresh paint throughout. The building currently enjoys 100% occupancy, generating a Net Operating Income (NOI) of $61,600, resulting in a 5.00% capitalization rate. Each of the seven units commands a price of $176,023.43, contributing to the overall asking price of $1,232,164. The property includes two parking spaces and is identified by APN 066-022-012. This turnkey investment offers a strong return on investment with its high occupancy rate and recent renovations, making it an ideal addition to any portfolio. The property is located in Madera County, California.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Construction
WOOD
Total area
7,488 SF
Lot
0.39 ac (16,988 SF)
Zoning code
RUM
APN
066-022-012-000
UPID
US09-0377962
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
$925k
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$982k
Blend (final)
Blend
$1.05M
Owner & transaction history
Caltrees Cabins LLC · 3 yrs held
Caltrees Cabins LLC
since 2022
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
RUM · Oakhurst, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.3M
+27.0%
Industrial (general)
$1.1M
+13.0%
Auto repair, garage
$1.1M
+7.0%
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
Method
Estimation
Statistic approach
$1,010,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$1,275,000
6.5%
$1,175,000
7%
$1,090,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$995,000
Current use
RESTAURANT
$1,265,000
Change: +27% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,125,000
Change: +13% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,065,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$1,005,000
Change: +1% · Conversion: Moderate
RETAIL STORES
$955,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.10M (Jul 12 2022)
Last sale anchor
$1.10M
Jul 12 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$140 / SF
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
$13,759
Tax year 2024
Assessed value
$1,144,440
Assessed 2024
Previous assessed
$1,144,440
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$109,242
Assessed improvement
$1,035,198
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
1984
Construction
WOOD
Heating
NONE
Units
1
Bathrooms
14
Total area
7,488 SF
Lot
0.39 ac (16,988 SF)
Zoning code
RUM
APN
066-022-012-000
UPID
US09-0377962
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$995,000
RESTAURANT
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$955,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Heating
NONE
Units
1
Bathrooms
14
Lot
0.39 ac
Current owner
From public records · entity-resolved
Caltrees Cabins LLC
Entity
Mailing address
PO BOX 310, OAKHURST, CA 93644-0310
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
—
Caltrees Cabin LLC
—
Deed
related
$715,000 · Hft Mortgage LLC 401k Plan Trust
Jul 26, 2022
—
Caltress Cabin LLC
—
Deed
related
$500,000 · Lift Mortgage LLC 401k Plan Trust
Jul 12, 2022
—
Caltrees Cabins LLC
California Trees INC
Quit Claim Deed
related
—
Mar 17, 2022
$1,100,000
California Trees INC
Mobin P Ghavami
Grant Deed
—
Dec 13, 2021
—
Mobin P Ghavami
—
Deed
related
$1,050,000 · Bank Of Stockton
Jan 13, 2021
$325,000
Mobin P Ghavami
Farr Family Trust
Grant Deed
—
Jan 17, 2001
$244,000
Farr Trust
Reynolds Trust
Grant Deed
$159,000 · First National Mortgage Co
Feb 14, 1991
$91,000
Reynolds,trust
Concept,exchange
Grant Deed
related
—
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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