615 S Demaree St - Apartments FOR SALE


Visalia, CA 93277- Greater Visalia
$6,499,990 USD
760-987-5332
615 S Demaree St, Visalia, CA for Sale
$6,499,990 USD
Apartments - FOR SALE
1/2
null | 6.3% Cap Rate

615 S Demaree St
Visalia, CA 93277
Greater Visalia


HIGHLIGHTS

  • 40 total units across a well-maintained multifamily community
  • 34,038 rentable square feet on a 1.41- acre lot
  • Unit mix of 33 two-bedroom/one-bathroom and 7 three-bedroom/one-bathroom residences
  • Family-sized floor plans averaging approximately 850 square feet
  • Established residential location in Visalia, the hub of Tulare County
  • Two on-site laundry rooms with WASH-leased washers & dryers

OVERVIEW

Giant Sequoia Village is a 40-unit multifamily community located at 615 S Demaree St in Visalia, California, the commercial and population hub of Tulare County. The property comprises 34,038 rentable square feet situated on a 1.41-acre lot in an established residential area of Visalia, offering residents convenient access to schools, shopping, employment centers, and the region’s major transportation corridors. The community is composed entirely of family- sized floor plans, a unit mix that sets it apart in the local rental market and supports consistent tenant demand and long-term occupancy. The 40 units break down into 33 spacious two-bedroom, one-bathroom residences and 7 three-bedroom, one-bathroom residences, averaging approximately 850 square feet per unit. With no studio or one-bedroom units, the property is well positioned to attract and retain quality, long-term residents seeking larger living spaces at an attainable price point. Giant Sequoia Village offers a range of on-site amenities designed to enhance resident convenience and support the property’s operational stability. The community features a swimming pool, two on-site laundry rooms equipped with washers and dryers leased through WASH, and professional on-site management. The property’s straightforward, low-maintenance layout and established resident base make it an ideal fit for both regional operators and passive owners seeking a well-positioned Central Valley asset. The units are individually metered for power and gas and paid by tenant.

FOR SALE DETAILS

PRICE

$6,499,990 USD

PRICE/SF

$191 USD /SF

# OF UNITS

40

PRICE/UNIT

$162,500

CAP RATE

6.3%

% LEASED

12%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Giant Sequoia Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

RM3

APN/PARCEL ID

087-090-048-000

ASK ABOUT THIS PROPERTY

Jeffrey KimColliersMore Info
760-987-5332

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jeffrey KimColliersMore Info
760-987-5332

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.