Once In A Lifetime California Multifamily Opportunity
Total of ~525 Units Offered In This Portfilio.
This is an off-market, confidential, controlled and deliverable property.
A Solid $200 Million Purchase Price Buys This Portfolio.
The Seller is FIRM on this sale
A recent offer of $193M was quickly turned down (buyer could not show proof of funds).
This sale represents the largest avaiable purchase of multifamily units recently affected by heavy rains.
Approx. 3,200 properties were misplaced/affected by the mud slides.
Currently, there exists a dire need for upgraded Apartments in the area for a large pool of tenants
Fantastic opportunity to purchase a large multifamily portfolio, do minor repairs, and raise rents substantially
The 2.95% Cap Rate is a firm asking Cap Rate.
All trailing income and expenses are in file.
Ideal for an all cash buyer who can close all cash, then refinance after closing.
This acquisition may not be an immediate cash flow Bonanza, however, looks to boom after minor improvements.
Would have to be not immediate big cash flow
These are all market rent properties (not subject affordable, tax credit, rent control, etc.).
This property is priced Net To Owner. Buyer is responsible for a 1.00% brokerage fee
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.