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.
For sale
Price cut: $210K (8/13)
$6,290,000
615 S Demaree St, Visalia, CA 93277
87beds
40baths
34,038sqft
Multi Family
Built in 1973
-- sqft lot
$-- Zestimate®
$185/sqft
$-- HOA
What's special
Swimming pool
- 62 days
- 403
- 19
Zillow last checked:
Listing updated:
Listed by:
Jin Kim DRE #01456017 559-212-4489,
The JKRE Investment Group
Source: Fresno MLS,MLS#: 651465Originating MLS: Fresno MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 87
- Bathrooms: 40
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air
Appliances
- Included: Washer/Dryer(s) Leased
Features
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 34,038
- Total interior livable area: 34,038 sqft
Property
Parking
- Parking features: Carport, Covered, Open
- Has carport: Yes
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
Lot
- Size: 1.41 Acres
- Features: Suburban
Details
- Parcel number: 087090048
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco, Wood Siding
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Year built: 1973
Utilities & green energy
- Electric: On
- Water: Public
- Utilities for property: Public Utilities
Community & HOA
Community
- Features: Pool, On-Site Manager
Location
- Region: Visalia
Financial & listing details
- Price per square foot: $185/sqft
- Date on market: 7/3/2026
- Cumulative days on market: 62 days
- Listing agreement: Exclusive Right To Sell
- Tenant pays: Electricity, Gas
- Income includes: Unit Rent, Laundry, Other
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Price change | $6,290,000-3.2%$185/sqft |
Source: Fresno MLS #651465 Report a problem | ||
| 7/3/2026 | Listed for sale | $6,499,990+225.9%$191/sqft |
Source: Fresno MLS #651465 Report a problem | ||
| 5/29/2015 | Sold | $1,994,406$59/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 93277
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