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Giant Sequoia Village 615 S Demaree St 40 Unit Apartment Building $9,234,535 CAD ($230,863 CAD/Unit) 6.30% Cap Rate Visalia, CA 93277


Investment Highlights
- 40 total units across a well-maintained multifamily community
- Unit mix of 33 two-bedroom/one-bathroom and 7 three-bedroom/one-bathroom residences
- Established residential location in Visalia, the hub of Tulare County
- 34,038 rentable square feet on a 1.41- acre lot
- Family-sized floor plans averaging approximately 850 square feet
- Two on-site laundry rooms with WASH-leased washers & dryers
Executive Summary
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.
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.
Property Facts
| Price | $9,234,535 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $230,863 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.41 AC |
| Cap Rate | 6.30% | Building Size | 34,038 SF |
| Gross Rent Multiplier | 10.47 | Average Occupancy | 13% |
| No. Units | 40 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 2.12/1,000 SF |
| Zoning | RM3 - Medium Density Residential | ||
| Price | $9,234,535 CAD |
| Price Per Unit | $230,863 CAD |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| Gross Rent Multiplier | 10.47 |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.41 AC |
| Building Size | 34,038 SF |
| Average Occupancy | 13% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 2.12/1,000 SF |
| Zoning | RM3 - Medium Density Residential |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Heating
- Refrigerator
- Range
Site Amenities
- Clubhouse
- Fitness Center
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 33 | - | 800 |
| 3+1 | 7 | - | 1,000 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 087-090-048-000 | Improvements Assessment | $4,546,240 CAD |
| Land Assessment | $1,420,700 CAD | Total Assessment | $5,966,940 CAD |
Property Taxes
Parcel Number
087-090-048-000
Land Assessment
$1,420,700 CAD
Improvements Assessment
$4,546,240 CAD
Total Assessment
$5,966,940 CAD
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Giant Sequoia Village | 615 S Demaree St
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