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21811 Hwy 198 15 Unit Apartment Building $1,290,000 ($86,000/Unit) Exeter, CA 93221
Investment Highlights
- Mobile home and single family residence included
Executive Summary
Go, show and sell!! this property consists of 11 studios,1 x 3bedroom,1 x 2bedroom, and 1 x 1bedroom. This property grosses $13,295 per month. Also included is a mobile home and a single family 1 bedroom house. There is much to say please take the time to give me a call. Please do not walk the property or disturb the tenants. Thank you. Owner also has other multifamily properties for sale and is open to selling as a portfolio. Addresses for other properties are:
1)915-943 N Rinaldi Street Visalia, CA 93291
2)21811 Highway 198 Exeter, CA 93221
Gross rents $13,300/month
1)915-943 N Rinaldi Street Visalia, CA 93291
2)21811 Highway 198 Exeter, CA 93221
Gross rents $13,300/month
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$148,800
|
$17.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$148,800
|
$17.10
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $148,800 |
| Annual Per SF | $17.10 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $148,800 |
| Annual Per SF | $17.10 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,290,000 | Building Class | C |
| Price Per Unit | $86,000 | Lot Size | 1.13 AC |
| Sale Type | Investment | Building Size | 8,700 SF |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 1 |
| No. Units | 15 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 3.45/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | O | ||
| Price | $1,290,000 |
| Price Per Unit | $86,000 |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.13 AC |
| Building Size | 8,700 SF |
| No. Stories | 1 |
| Year Built | 1959 |
| Parking Ratio | 3.45/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | O |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | 600 |
| 3+1 | 1 | - | - |
| 2+1 | 2 | - | - |
1 1
Property Taxes
| Parcel Number | 115-180-014-000 | Improvements Assessment | $633,222 (2025) |
| Land Assessment | $162,364 (2025) | Total Assessment | $795,586 (2025) |
Property Taxes
Parcel Number
115-180-014-000
Land Assessment
$162,364 (2025)
Improvements Assessment
$633,222 (2025)
Total Assessment
$795,586 (2025)
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21811 Hwy 198
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