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1428 S California Ave 12 Unit Apartment Building $2,025,000 ($168,750/Unit) 5.90% Cap Rate Loveland, CO 80537
INVESTMENT HIGHLIGHTS
- 12 Garages?
- Common Area Laundry?
- 0.7 Mile Walk to King Soopers and Surrounding Restaurants
EXECUTIVE SUMMARY
May also be purchased with:
4912 S Iowa Ave - $1,500,000
715-719 16th St - $4,450,000
208 S Jefferson - $1,100,000
4912 S Iowa Ave - $1,500,000
715-719 16th St - $4,450,000
208 S Jefferson - $1,100,000
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$210,614
|
$29.76
|
| Other Income |
$12,960
|
$1.83
|
| Vacancy Loss |
$6,318
|
$0.89
|
| Effective Gross Income |
$217,256
|
$30.70
|
| Taxes |
$9,191
|
$1.30
|
| Operating Expenses |
$60,032
|
$8.48
|
| Total Expenses |
$69,223
|
$9.78
|
| Net Operating Income |
$148,033
|
$20.92
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $210,614 |
| Annual Per SF | $29.76 |
| Other Income | |
|---|---|
| Annual | $12,960 |
| Annual Per SF | $1.83 |
| Vacancy Loss | |
|---|---|
| Annual | $6,318 |
| Annual Per SF | $0.89 |
| Effective Gross Income | |
|---|---|
| Annual | $217,256 |
| Annual Per SF | $30.70 |
| Taxes | |
|---|---|
| Annual | $9,191 |
| Annual Per SF | $1.30 |
| Operating Expenses | |
|---|---|
| Annual | $60,032 |
| Annual Per SF | $8.48 |
| Total Expenses | |
|---|---|
| Annual | $69,223 |
| Annual Per SF | $9.78 |
| Net Operating Income | |
|---|---|
| Annual | $148,033 |
| Annual Per SF | $20.92 |
PROPERTY FACTS
| Price | $2,025,000 | Apartment Style | Low-Rise |
| Price Per Unit | $168,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.53 AC |
| Cap Rate | 5.90% | Building Size | 7,076 SF |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1978/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.84/1,000 SF |
| Zoning | COMM | ||
| Price | $2,025,000 |
| Price Per Unit | $168,750 |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 7,076 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1978/2025 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | COMM |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $1,463 | 536 |
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PROPERTY TAXES
| Parcel Number | 95262-67-003 | Total Assessment | $115,495 |
| Land Assessment | $20,100 | Annual Taxes | $9,191 ($1.30/SF) |
| Improvements Assessment | $95,395 | Tax Year | 2025 Payable 2026 |
PROPERTY TAXES
Parcel Number
95262-67-003
Land Assessment
$20,100
Improvements Assessment
$95,395
Total Assessment
$115,495
Annual Taxes
$9,191 ($1.30/SF)
Tax Year
2025 Payable 2026
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1428 S California Ave
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