Oak Village 1021 N Leslie St Immeuble residentiel 21 lots 3 612 147 € (172 007 €/Lot) Visalia, CA 93291

PORTFOLIO CONSISTS OF 79 BEDROOMS, TWO SINGLE FAMILY HOUSES
The offering combines North Leslie Apartments (10 units/ 26 Bedrooms) at 1016–1020 N. Leslie Street and Oak Village Apartments (11 units/ 53 Bedrooms) at 1021–1025 N. Leslie Street. This unit mix is highly coveted within the Visalia Market. INCLUDED IN THE OFFERING ARE TWO SINGLE FAMILY RESIDENCES, a 3/1 home and a 3/2 residence.
INTERIORS AND EXTERIORS COMPLETELY RENOVATED
The interiors have all new windows, floors, cabinets, bath and electrical fixtures. Ceiling fans, steel front doors and interior paneled doors throughout.
MEANINGFUL RENTAL UPSIDE
Current average portfolio rents are below the OM’s market-rent assumptions. North Leslie’s weighted average rent is $1,198 versus market rent of $1,394, while Oak Village averages $1,500 versus market rent of $1,600.
COMPELLING PRO FORMA INCOME PROFILE
The combined portfolio is projected to generate approximately $414,432 of scheduled market rent, $393,710 of effective gross income, and $274,940 of NOI after a 5% vacancy assumption and operating expenses.
SOLID GOING-IN YIELD WITH CASH FLOW GROWTH
Based on 2025 T-12 operations, the portfolio reflects approximately $247,050 of NOI and a 5.89% blended cap rate at the combined asking price. The OM’s pro forma NOI supports an approximately 6.55% blended cap rate.
FAMILY-ORIENTED UNIT MIX IN LARGE FLOOR PLANS
The portfolio is concentrated in larger rental homes, including two-, three-, and five-bedroom units, with an average unit size of approximately 1,266 SF. Oak Village is primarily composed of ten five-bedroom/two-bath units, a differentiated product type for larger households.
ADJACENT SCALE AND OPERATIONAL EFFICIENCY
The properties encompass approximately 26,580 rentable SF, nine buildings, and 1.56 acres of combined land. Their adjacent location supports streamlined leasing, maintenance, and property-management operations.
DOWNTOWN VISALIA LOCATION NEAR MAJOR DEMAND DRIVERS
The properties are positioned near Downtown Visalia, retail destinations, healthcare services, and regional employers. The broader market benefits from anchors including Kaweah Health, education, government, retail, logistics, and agriculture-related employment.