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21413971
21413958

4401 W Goshen Ave, Visalia, CA 93291

EE
CA 00649469
RE/MAX Success
Listed by RE/MAX Success
$9,500,000
10 days on market
Updated 3 days ago

Villa Monte Vista - 52 Homes Visalia, CA

Details
APN 085630002000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 51,272
Net Rentable (SqFt) 52,976
Units 52
Cap Rate 4.86%
NOI $461,355
Occupancy 100%
Pro-Forma Cap Rate 5.62%
Pro-Forma NOI $533,900
Price per SqFt $185
Class B
Year Built 1986
Buildings 16
Stories 2
Acreage 3.300
Zoning RM-3
Investment Type Stabilized
Ownership EMJE Properties, LLC
Sale Condition 1031 exchange

Villa Monte Vista isn’t just a community—it’s a legacy. Now is your chance to own IT!

Marketing description

Villa Monte Vista – Visalia’s Premier Luxury Community

Built in 1986, Villa Monte Vista set the standard as Visalia’s first luxury, Class “A” gated apartment community. With superior construction and upscale amenities, it quickly became the most sought-after rental residence in the area—and to this day, it remains one of Visalia’s most desirable places to live.

Step back in time with a look at the original marketing materials, including detailed floor plans, and see why this community has stood the test of time. The 52 meticulously designed units include:

  • 36 spacious 2-bedroom, 2-bathroom residences
  • 8 elegant 3-bedroom, 2-bathroom homes
  • 8 cozy 1-bedroom, 1-bathroom retreats

From the beginning, Villa Monte Vista was designed to redefine rental living:

"Spacious contemporary floorplans, custom home finishing touches, carefully crafted details… could we be describing a rental home? For the first time, the people of Visalia have a rental residence option that is truly luxurious."

Nestled around beautifully landscaped courtyards, the Spanish-style villas offer an oasis of tranquility, complete with a resort-style swimming pool and heated spa for ultimate relaxation. Built by Benart Development with future condo conversion in mind, each unit includes a designated single-car garage, with an additional 37 uncovered parking spaces available. The mature landscaping enhances privacy, while the gated entry ensures security, protecting residents and their property.

Inside, every unit is fully equipped with a refrigerator, washer, and dryer, along with luxurious architectural touches such as fireplaces and tray ceilings. A lease for EV charging stations is available should the new owner wish to offer this amenity.

Investment Potential

Under the same meticulous management for over 30 years, Villa Monte Vista has been carefully maintained with a philosophy of keeping rents below market to encourage long-term residency. Rents were held steady through COVID and only increased to the maximum allowable late 2025 and 2025. As current vacancies are being filled at significantly higher rates, the strategy remains to gradually align rents with market values.

Financial records from the past three years are available to qualified buyers who submit a Letter of Intent (LOI) demonstrating purchasing capability.

Villa Monte Vista isn’t just a community—it’s a legacy. Now is your chance to own one of Visalia’s most iconic luxury properties.

Investment highlights

Price per SF is $179; Dollar per Door is $183,000; 2026 GRM is 9.64X; CAP is 4.85 based on 2026 scheduled rents, less 5% vacancy & expense of 47% (average of last 5 years.) Proforma is based on market rents at 95% occupancy and 47% expenses. Trailing 12 and rent role are available at anytime along with actual income and expenses going as far back as desired.

Listing Contacts

EE
CA 00649469
RE/MAX Success
Listed by RE/MAX Success

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$461,355.00
$38,446.25/mo

Valuation Metrics

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DSCR
4.86%
Cap Rate
4.86%
ROI

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