Exceptional investment opportunity featuring a well-maintained 34-unit apartment complex. Originally designed and entitled as a 21-unit condominium project with separate APN numbers, the property was later converted into a professionally operated apartment community, offering investors flexibility and long-term upside potential. The current ownership has extensively upgraded and meticulously maintained the property, resulting in strong tenant retention and stable rental income consistent with the area's high demand. Ideal for investors seeking a pride-of-ownership asset with proven performance and value-add potential.
Property Sub Type
Apartment
Year Built
1981
Year Built Source
Assessor
Special Listing Conditions
Standard
Stories Total
2
Levels
Two
Number Of Buildings
12
Number Of Units Total
34
Entry Level
1
Price Per Square Foot
$5,895
Price Per Unit
$173,382
Days On London
0
Cumulative Days On London
0
County Or Parish
Kings
New Construction Y/N
No
Property Attached Y/N
No
Rent Control Y/N
No
Cooling Y/N
Yes
Heating Y/N
Yes
Directions
S 11th Avenue/Silverado
Heating
Central
Cooling
Central Air
Laundry Y/N
Yes
Laundry Features
Individual Room
Common Walls
No Common Walls
Fireplace Y/N
No
Fireplace Features
None
Pool Features
None
Pool Private Y/N
No
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area
1000
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Number Of Separate Electric Meters
35
Number Of Separate Water Meters
35
Water Source
Public
Sewer
Public Sewer
Parking Y/N
Yes
Parking Total
34.00
Parking Features
Direct Garage Access
Garage Spaces
34.00
Lot Features
Cul-De-Sac
Lot Size Area
1094.0000
Lot Size Units
Square Feet
Elevation Units
Feet
Common Interest
Community Apartment
Parcel Number
012390006000
Additional Parcels Y/N
No
Additional Parcels Description
34
Community Features
Curbs
Senior Community Y/N
No
Association Y/N
No
Gross Income
463380.00
Operating Expense
111795.00
Land Lease Y/N
No
Insurance Expense
20995.00
Electric Expense
180.00
Water Sewer Expense
30000.00
Trash Expense
14400.00
Professional Management Expense
18000.00
Gross Scheduled Income
463380.00
Gross Income
463380.00
Total Expenses
111795.00
Net Operating Income
351585.00
Operating Expense
111795.00
Gross Income
463380.00
Net Operating Income
351585.00
Tax Lot
A
71109
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