600 Cherry Lane/430 N Mill Street
Tehachapi, CA 93561 ·
153 Units · Multifamily For Sale
|No. Units||153||Gross Rent Multiplier||6.60|
|Building Size||112,160 SF||Occupancy||95%|
|Property Type||Multifamily||No. Stories||2|
|Property Sub-type||Garden/Low-Rise||Year Built||1987|
|Property Use Type||Investment||Lot Size||13.08 SF|
|Listing ID: 16948804||Date Created: 12/13/2010||Last Updated: 02/05/2011|
The Sierra Vista Apartments are a 56 unit 2 & 3 bedroom apartment community situated on a low density 5 acre parcel. The offering includes an additional 5 acre parcel immediately adjacent and behind the subject. Spanish style architecture including pitched Spanish tile roofs emphasizes the motif of Sierra Vista. Each unit has a private patio and/or balcony. The entire property is security gated with keypad access. Sierra Vista is individully metered for gas and electricity. Parking is a combination of carport and open on-site spaces. Additional amenities include a card operated laundry facility, seperate manager's office and separate maintenance facility.
The Orchard Apartments is a 97 unit 1, 2, & 3 bedroom apartment community situated on a low density 8.1 acre parcel. Single story construction adds to the desirability of these units. Each unit has a private, enclosed "back yard" area. Roofs are Pitched with a comp shingle. The Orchard is individually metered for gas and electricity. Parking is a combination of carport and open on-site spaces. Additional amenities include a card operated laundry facility, seperate manager's office and seperate maintenance facility.
Tehachapi, California is quickly becoming known as the the Renewable Energy Capital of the world.
- Portfolio offering 153 units of 1, 2 & 3 Br units
- Seller has additional 64 unit property, also in Tehachapi, for total portfolio of 217 units
- Recent job growth from renewable energy industry has contributed to low vacancy factors
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