Historical Multifamily Sale Listing - Sierra Vista, 8.33% Cap

Multifamily For Sale

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Sierra Vista, 8.33% Cap

600 Cherry Lane, Tehachapi, CA 93561

N/A

56 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
56
Building Size:
45,873 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
1.5%
Cap Rate:
8.33%
Occupancy:
98%
No. Stories:
2
Year Built:
1990
Lot Size:
5 AC
APN / Parcel ID:
416-120-04
Listing ID
17011279
Last Updated
over 1 year ago

Description

Sierra Vista is a 2 & 3 bedroom apartment community situated on a low density 5 acre parcel. Spanish style architecture including pitched spanish tile roofs emphasize the motif of Sierra Vista. Each unit has a private patio and/or balcony. The entire propety is gated with keypad access. Sierra Vista is individually metered for gas and electricity. Parking is a combination of carport and open on-site spaces. Additional ammenities include a card operated laundry facinity, separate manager's office, separate maintenance facility and 36 5x5 storage units w/ roll-up doors.

Tehachapi, California is quickly becoming known as the renewable energy capital of the world.

PORTFOLIO SALE. The Sierra Vista Apartments is being offered along with the Orchard Apartment Homes for a total of 153 units. In addition, the owner owns an additional 64 unit property in Tehachapi for a total of 217 units. Call for details.

Map of 600 Cherry Lane, Tehachapi, CA 93561 (Kern County)

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