48960 Riv Park Rd Oakhurst, CA 93644-9133
Property profile & analytics
48960 Riv Park Rd, Oakhurst, CA 93644-9133
- Apartment buildings
- 3,150 SF
- 0.47 lot acres
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.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 48960 Riv Park Rd
- Year built
- 1972
- Construction
- WOOD
- Lot size
- 0.47 lot acres
- 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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $825,000
- ML approach
- $710,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $535,000
- 6.5%
- $495,000
- 7%
- $460,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $658,000
Market price range: $221k - $658k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $805,000
- AUTO REPAIR, GARAGE
- $450,000
- OFFICE BUILDING
- $425,000
Get a detailed, property-specific estimation — fast and free
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
