471 Birdwell StOakdale, CA 95361

Property Details for 471 Birdwell St

Year built

1972

Construction

WOOD

Lot size

0.66 AC

Property size (Sq ft)

1,560 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

130-053-048-000

APU

130053048000

Description

This exceptional 13-unit apartment building, located at 471 Birdwell Street in Oakdale, California, presents a compelling investment opportunity. Situated on a generous 0.5-acre lot (28,749 sq ft), the property boasts 10,475 sq ft of rentable space and offers a diverse unit mix including two three-bedroom, eight two-bedroom, and three one-bedroom units. Built in 1972, the property is zoned R-3 and features 20 parking spaces. The asking price is $2,000,000, representing a price per unit of $153,846.15 and a price per square foot of $190.93. The property enjoys a strong 6.37% cap rate with a Net Operating Income (NOI) of $127,375. Its prime location in Oakdale, just 10 miles east of Modesto, within Stanislaus County, ensures high rental demand in a market with limited multifamily inventory. This well-maintained building offers stable rental income with potential for future value-add improvements, making it an attractive investment for those seeking long-term growth in a desirable California market. The property's convenient access to major transportation routes, schools, and local amenities further enhances its appeal to both tenants and investors. The APN is 130-053-048. This is a rare opportunity to acquire a well-positioned multifamily asset in a thriving community.

Location Insight

City

Oakdale

County

Stanislaus

State

California

Latitude

37.7587

Longitude

-120.851

CBSA code

33700

CBSA name

MODESTO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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