615 S Demaree St, Visalia, CA, 93277
About This Home
Giant Sequoia Village at 615 S Demaree St is a 40 unit multifamily community offered at an approximately 6.3 percent day-1 cap rate. This is a value acquisition built on strong in-place cash flow. The property generates over $51,700 per month in scheduled rents, delivering an attractive going-in yield from day one. The unit mix consists of 33 two bedroom one bathroom units and 7 three bedroom one bathroom units, with no studios or one bedrooms. These family sized floor plans average roughly 850 square feet and total 34,038 square feet on a 1.41 acre lot. The asset is well positioned for a hands-off owner, with on-site management, two laundry rooms leased through WASH, and a swimming pool. In-place rents also sit modestly below market on a number of long tenured leases, offering incremental upside over time. Multifamily assets of this scale rarely trade in Visalia, making this an excellent fit for 1031 exchange buyers, regional operators expanding in the Central Valley, and investors seeking durable stabilized cash flow.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1973
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
- Construction materials: Stucco,Wood Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Washer/Dryer(s) Leased
Bedrooms & Bathrooms
- Bedrooms: 87
- Bathrooms: 40
Features
- Fireplace features: None
Heating & Cooling
- Heating features: Has Heating (Unspecified Type)
- Cooling features: Central Air
Interior Area
- Total structure area: 34,038
- Total interior livable area: 34,038 sqft
Property
Details
- Parcel number: 087090048
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 1.41 Acres
- Features: Suburban
Parking
- Parking features: Carport,Covered,Open
- Has uncovered spaces: Yes
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Earthquake
- Inland Flooding
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters in Tulare County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $32,867 | $394,404 |
| Home Insurance * | $2,090 | $25,080 |
| Property Taxes | $3,737 | $44,844 |
| Electricity | $7,299 | $87,588 |
| Total | $45,993 | $551,916 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-13 | Price change | $6,290,000 |
| 2026-07-03 | Listed for sale | $6,499,990 |
| 2015-05-29 | Sold | $1,994,406 |
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