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The Acorns in June Lake 25 Howard Ave 5 Unit Apartment Building $2,888,000 ($577,600/Unit) 3.93% Cap Rate June Lake, CA 93529
Investment Highlights
- Five newly built (2024) turnkey units, each offering two bedrooms plus a loft, modern finishes, and highly efficient floor plans.
- Preliminary condo-mapping engineering is complete; eligible for future subdivision pending county approval.
- New systems, appliances, and construction minimize maintenance costs and stabilize long-term operating expenses.
- Stable income day one with easy mgmt & predictable cash flow. Limited inventory & high demand for quality rentals make this a defensible investment.
- Steps from June Lake Village, June Mountain Ski Resort, hiking, fishing, and year-round outdoor recreation.
- Ideal for investors seeking a stabilization play with immediate cash flow and appreciation potential in a supply-constrained market.
Property Facts
| Price | $2,888,000 | Apartment Style | Townhome |
| Price Per Unit | $577,600 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 3.93% | Building Size | 5,500 SF |
| Gross Rent Multiplier | 19.25 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 1.82/1,000 SF |
| Zoning | RMF - RMF zoning allowing multifamily residential use. Site is eligible for future condo mapping; preliminary engineering completed & pending county review. | ||
| Price | $2,888,000 |
| Price Per Unit | $577,600 |
| Sale Type | Investment |
| Cap Rate | 3.93% |
| Gross Rent Multiplier | 19.25 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 5,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | RMF - RMF zoning allowing multifamily residential use. Site is eligible for future condo mapping; preliminary engineering completed & pending county review. |
Amenities
Unit Amenities
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Deck
- Double Pane Windows
- Loft Layout
- Porch
- Vinyl Flooring
Site Amenities
- Storage Space
- Bicycle Storage
- Lake Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 5 | - | 1,100 |
Property Taxes
| Parcel Number | 015-103-022-000 | Improvements Assessment | $1,861,500 |
| Land Assessment | $204,807 | Total Assessment | $2,066,307 |
Property Taxes
Parcel Number
015-103-022-000
Land Assessment
$204,807
Improvements Assessment
$1,861,500
Total Assessment
$2,066,307
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The Acorns in June Lake | 25 Howard Ave
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