REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

LPT Realty

support@lpt.com +1(877) 366-2213

$ 5,999,900

Est. payment | -/mo

87 Beds

40 Baths

34,038 SqFt

Save

$ 5,999,900

Est. payment | -/mo

Save

87 Beds

40 Baths

34,038 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 34,038 sqft

Price per Sqft $176

MLS Listing ID 651465

Bedrooms 87

Full Baths 40

HOA Y/N No

Year Built 1973

Lot Size 1.410 Acres

Property Sub-Type Multi Family

Property Description

Giant Sequoia Village at 615 S Demaree St is a 40 unit multifamily community offered at an approximately 6.3 percent day-1 cap rate. This is a value acquisition built on strong in-place cash flow. The property generates over $51,700 per month in scheduled rents, delivering an attractive going-in yield from day one. The unit mix consists of 33 two bedroom one bathroom units and 7 three bedroom one bathroom units, with no studios or one bedrooms. These family sized floor plans average roughly 850 square feet and total 34,038 square feet on a 1.41 acre lot. The asset is well positioned for a hands-off owner, with on-site management, two laundry rooms leased through WASH, and a swimming pool. In-place rents also sit modestly below market on a number of long tenured leases, offering incremental upside over time. Multifamily assets of this scale rarely trade in Visalia, making this an excellent fit for 1031 exchange buyers, regional operators expanding in the Central Valley, and investors seeking durable stabilized cash flow.

Location

State CA

County Tulare

Interior

Cooling Central Heat/Cool

Fireplaces Type None

Appliance Washer/Dryer(s) Leased

Exterior

Parking Features Carport, Covered, Open

Community Features Pool, On-Site Manager

Utilities Available Public Utilities

Roof Type Composition

Building

Lot Description Suburban

Story 2

Foundation Concrete Perimeter

Water Public

Schools

High Schools Visalia Schools

Listed by The JKRE Investment Group

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(877) 366-2213

support@lpt.com

1400 S International Parkway Suite 1020, Lake Mary, FL 32746, USA

Learn More About LPT Realty

615 S Demaree ST Visalia, CA 93277