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1428 S California Ave
Loveland, CO 80537
Multifamily Property For Sale
·
12 Units
Investment Highlights
- A fully occupied 12-unit apartment community offering dependable day-one income from a proven, well-performing asset.
- Existing rents provide investors with the opportunity to increase cash flow over time through natural tenant turnover.
- The property’s well-designed one-bedroom units appeal to a broad renter base seeking quality, attainable housing in a strong Northern Colorado market.
- Recent ownership has completed extensive property improvements, including a new roof, gutters, siding, exterior paint, walkways, railings and more.
- Twelve detached garages provide an additional revenue stream while offering a highly desirable amenity that supports tenant retention.
- Conveniently located near Downtown Loveland, Highway 34, and US-287, the property offers residents easy access to major employers, retail, etc.
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire 1428 S California Avenue, a 12-unit multifamily community located in Loveland, Colorado. The property offers investors stable in-place cash flow from a well-maintained asset with an attractive one-bedroom unit mix and additional income generated through detached garages. Offering modest operational upside through continued rent growth while requiring limited day-today management, the asset is well positioned for investors seeking dependable current income with long-term appreciation potential. Situated in one of Northern Colorado’s most desirable rental markets, 1428 S California Avenue benefits from convenient access to major employers, retail amenities, and the recreational opportunities that continue to drive demand throughout Loveland.
Property Facts
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.53 AC |
| Cap Rate | 6.90% | Building Size | 7,076 SF |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 1.84/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | COMM | ||
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| 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 | 1978 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | COMM |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
Property Taxes
| Parcel Number | 95262-67-003 | Improvements Assessment | $145,000 |
| Land Assessment | $12,500 | Total Assessment | $157,500 |
Property Taxes
Parcel Number
95262-67-003
Land Assessment
$12,500
Improvements Assessment
$145,000
Total Assessment
$157,500
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