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400 W Forest Ave
Coalinga, CA 93210
Ridgeview Apartments - 42 Unit Complex · Multifamily Property For Sale
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42 Units
Investment Highlights
- Value-Add Upside – Below-market rents with mark-to-market opportunity
- Low-Density Layout – Single-story community on 5.19 acres
- Yield Expansion – Upside to ~7.5%+ cap rate at stabilized rents
- Strong Cash Flow – 6.44% cap rate with ~95% occupancy
- Diverse Unit Mix – Broad tenant appeal across 1–3 bedroom units
Executive Summary
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.
Contact Dustin Ilic for more information: 559.999.9829 or dustin@visintainergroup.com
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.
Contact Dustin Ilic for more information: 559.999.9829 or dustin@visintainergroup.com
Property Facts
| Price Per Unit | $113,810 | Building Class | C |
| Sale Type | Investment | Lot Size | 5.19 AC |
| Cap Rate | 6.44% | Building Size | 42,885 SF |
| No. Units | 42 | Average Occupancy | 98% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1997 |
| Apartment Style | Garden | Parking Ratio | 2.1/1,000 SF |
| Zoning | RDH - Residential High Density | ||
| Price Per Unit | $113,810 |
| Sale Type | Investment |
| Cap Rate | 6.44% |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.19 AC |
| Building Size | 42,885 SF |
| Average Occupancy | 98% |
| No. Stories | 1 |
| Year Built | 1997 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | RDH - Residential High Density |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Refrigerator
- Satellite TV
- Walk-In Closets
- Carpet
- Wheelchair Accessible (Rooms)
Site Amenities
- Clubhouse
- Playground
- Breakfast/Coffee Concierge
- Furnished Units Available
- Gameroom
- Media Center/Movie Theatre
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 733 |
| 2+1 | 18 | - | 988 |
| 2+2 | 6 | - | 1,045 |
| 3+2 | 12 | - | 1,186 |
Property Taxes
| Parcel Number | 083-080-76S | Improvements Assessment | $2,524,070 |
| Land Assessment | $733,887 | Total Assessment | $3,257,957 |
Property Taxes
Parcel Number
083-080-76S
Land Assessment
$733,887
Improvements Assessment
$2,524,070
Total Assessment
$3,257,957
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