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615 S Demaree Street, Visalia, CA 93277

Visalia
Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
615 S Demaree Street,Visalia, CA 93277
$5,999,900
  • 87 Beds
  • - Baths
  • 34,038 sq. ft.
  • Multi-family
  • Active
Listed by: jin kim
Office: the jkre investment group
MLS#:651465
Source:CA_FMLS

Price summary

  • Price:$5,999,900
  • Price per sq. ft.:$176.27

About this home

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...

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Home facts

  • Year built:1973
  • Listing ID #:651465
  • Added:97 day(s) ago
  • Updated:October 09, 2026 at 03:07 PM

Rooms and interior

  • Bedrooms:87
  • Living area:34,038 sq. ft.

Heating and cooling

  • Cooling:Central Heat/Cool

Structure and exterior

  • Roof:Composition
  • Year built:1973
  • Building area:34,038 sq. ft.
  • Construction Materials:Stucco, Wood Siding
  • Foundation Description:Concrete Perimeter
  • Levels:2 Story

Utilities

  • Water:Public

Finances and disclosures

  • Price:$5,999,900
  • Price per sq. ft.:$176.27

Features and amenities

  • Laundry features:Washer/Dryer Leased

Parking

  • Parking description:Carport, Covered, Open
MLS LogoBased on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS)as of (October 9, 2026). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy.Properties may or may not be listed by the office/agent presenting theinformation. CA_FMLS Member Broker: Mike Southwick

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