Sunrise Lancaster Apartments Community 1210-1340 Meadow View Ln 152 Unit Apartment Building $33,000,000 ($217,105/Unit) 6.37% Cap Rate Lancaster, CA 93534
INVESTMENT HIGHLIGHTS
- Townhome Garden-Style Units, Full Amenity Residential Apartment Community Including Pool &, Spa (Recently Renovated), Clubhouse, and Leasing Office
- Excellent Unit Mix with Spacious One and Two Bedroom Units
- Located in CA Opportunity Zone
- The Majority of the Units have been Recently Renovated with new HVACs, Roofs, Vinyl Plank Flooring, Windows, and Countertops
- Private, Gated, and Quiet Residential Community
- Great Location with Close Proximity to CA 14 Freeway and Regional Antelope Valley Hospital
EXECUTIVE SUMMARY
152 Townhome Garden-Style Units
Value Add and Opportunity Zone
Value Add and Opportunity Zone
PROPERTY FACTS
| Price | $33,000,000 |
| Price Per Unit | $217,105 |
| Sale Type | Investment |
| Cap Rate | 6.37% |
| No. Units | 152 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 9.77 AC |
| Building Size | 122,713 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built/Renovated | 1986/2025 |
| Parking Ratio | 2.47/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RPD, Lancaster - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Heating
- Security System
- High Speed Internet Access
SITE AMENITIES
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Playground
- Spa
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 64 | - | 625 |
| 2+1 | 32 | - | 821 |
| 2+2 | 56 | - | 913 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $16,189,146 | |
| Land Assessment | $2,856,895 | Total Assessment | $19,046,041 |
