Listed by Visintainer Group
$4,780,000
Ridgeview Apartments
Details
APN 083-080-76S
Property Type Multifamily
Sub Type Apartment Building
Square Footage 44,167
Units 42
Cap Rate 6.44%
NOI $307,986
Occupancy 95.24%
Price per SqFt $108
Broker Co-Op Yes
Year Built 1995
Buildings 8
Stories 1
Acreage 5.190
Zoning R3
Investment Type Stabilized
Ground Lease No
Sale Condition For sale by owner
Multifamily | 42 Units | $113,810/unit
Marketing description
Ridgeview Apartments is a 42-unit, single-story apartment community in Coalinga, CA, offering strong in-place cash flow with clear upside. Situated on 5.19 acres, the property features a low-density, garden-style layout with a diverse unit mix that appeals to long-term tenants.
Currently operating at 95%+ occupancy, Ridgeview delivers stable income with immediate value-add potential through below-market rents and additional room under AB 1482 limits.
Located near West Hills College, local schools, retail amenities, and Highway 198 with access to I-5, the property benefits from consistent rental demand in a supply-constrained market.
Investment highlights
- Value-Add Upside – Below-market rents with mark-to-market opportunity
- Strong Cash Flow – 6.44% cap rate with ~95% occupancy
- Low-Density Layout – Single-story community on 5.19 acres
- Diverse Unit Mix – Broad tenant appeal across 1–3 bedroom units
- Supply-Constrained Market – ~47% renter base with limited new inventory
- Attractive Basis – ~$113K/unit pricing below recent comps
- Prime Local Access – Near schools, retail, and Highway 198/I-5 corridor
- Yield Expansion – Upside to ~7.5%+ cap rate at stabilized rents
Listing Contacts
Listed by Visintainer Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$307,986.00
$25,665.50/mo
Valuation Metrics
0
DSCR
6.44%
Cap Rate
6.44%
ROI
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