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For sale
  • $6,499,990

    615 S Demaree St, Visalia, CA 93277

    87beds
    40baths
    34,038sqft
    : 
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    Multi Family
    Built in 1973
    -- sqft lot
    $-- Zestimate®
    $191/sqft
    $-- HOA

    What's special

    Swimming pool
    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.
    5 days
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    342
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    7
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    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

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      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: $191/sqft
      • Date on market: 7/3/2026
      • Cumulative days on market: 5 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

        DateEventPrice
        7/3/2026Listed for sale$6,499,990+225.9%$191/sqft
        Source: Fresno MLS #651465 Report a problem
        5/29/2015Sold$1,994,406$59/sqft
        Source: SBMLS #14-3157 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 93277

        Getting around

        50 / 100
        Somewhat Walkable
        68 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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