Property details

California Class B Multifamily For Sale, Pacific West Region

Property Description

California Class B Multifamily For Sale

Located in South/Central California

407 Total Units.

One is 240 doors, the other is 167 doors

Across the street from each other

Both are Class B in Class B Locations

Both have just been refurbished

Both are currently stabilized at ~90% occupancy

Price is $75,000 per door ($18M and $12.525M. Total $30,525,000)

All units are 2 bedroom, 2 bath

One property is LIHTC and must remain so for another 4 years (buyer confirmation needed)

Seller is requiring prospective buyer to show experience and ability to close.


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Cap Rate:

Property Information

Property Type:
Industry Type:
Apartment - Multifamily
Purchase Tenure:
Fee Simple

Existing financing information


The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.