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The 20th Century Apartments 151 20th Century 14 Unit Apartment Building $2,650,000 ($189,286/Unit) 6.18% Cap Rate Turlock, CA 95380
Investment Highlights
- 14-unit community featuring a strong unit mix including twelve (12) 900 SF 2BD/1.5BA Townhomes, one (1) 1BD/1BA, and one (1) Studio.
- Convenient location near Downtown Turlock and California State University, Stanislaus.
- Recent capital improvements include exterior paint completed in March 2026 and updated electrical subpanels replaced in 2024.
- Strong Central Valley rental market with easy access to Highway 99, shopping, dining, and local amenities.
Executive Summary
The 20th Century Apartments is a 14-unit community located at 151 20th Century Boulevard in Turlock, offering investors a well-maintained asset in one of the Central Valley’s most established rental markets. The property has seen several recent improvements, including a freshly painted exterior completed in March 2026 and updated electrical subpanels replaced in 2024, helping reduce near-term maintenance needs. With a current cap rate of 6.18%, the property presents a solid investment opportunity backed by stable multifamily demand in the area.
The property features a strong and desirable unit mix consisting of twelve (12) spacious 900 SF 2-BD / 1.5-BA Townhomes, along with one (1) 700 SF 1-BD / 1-BA unit, and one (1) 400 SF Studio unit. Residents also benefit from onsite laundry facilities, covered parking, and professionally landscaped grounds. The property is further enhanced by a highly convenient location near both Downtown Turlock and California State University, Stanislaus, providing easy access to shopping, dining, entertainment, and educational opportunities, while also offering strong commuter access to Highway 99 and surrounding regional employment hubs.
The property features a strong and desirable unit mix consisting of twelve (12) spacious 900 SF 2-BD / 1.5-BA Townhomes, along with one (1) 700 SF 1-BD / 1-BA unit, and one (1) 400 SF Studio unit. Residents also benefit from onsite laundry facilities, covered parking, and professionally landscaped grounds. The property is further enhanced by a highly convenient location near both Downtown Turlock and California State University, Stanislaus, providing easy access to shopping, dining, entertainment, and educational opportunities, while also offering strong commuter access to Highway 99 and surrounding regional employment hubs.
Property Facts
| Price | $2,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $189,286 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 6.18% | Building Size | 9,984 SF |
| Gross Rent Multiplier | 10.48 | No. Stories | 2 |
| No. Units | 14 | Year Built | 1980 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,650,000 |
| Price Per Unit | $189,286 |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| Gross Rent Multiplier | 10.48 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 9,984 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 1 | - | - |
| 2+1.5 | 12 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 042-11-26 | Improvements Assessment | $1,052,957 |
| Land Assessment | $201,506 | Total Assessment | $1,254,463 |
Property Taxes
Parcel Number
042-11-26
Land Assessment
$201,506
Improvements Assessment
$1,052,957
Total Assessment
$1,254,463
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The 20th Century Apartments | 151 20th Century
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