615 S Demaree ST, Visalia, CA 93277
615 S Demaree ST, Visalia, CA 93277
615 S Demaree ST, Visalia, CA 93277
615 S Demaree ST, Visalia, CA 93277
615 S Demaree ST, Visalia, CA 93277
615 S Demaree ST, Visalia, CA 93277
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Vishal Lal

Vishal Lal

+1(559) 776-6454
$ 6,499,990
Est. payment | /mo

87 Beds

40 Baths

34,038 SqFt

Save
$ 6,499,990
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 $190

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

Fresno MLS
Listed by The JKRE Investment Group
Vishal Lal

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(559) 776-6454

vish@valleyrealty.llc

7475 N Palm Ave, Fresno, California, 93711, USA

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615 S Demaree ST