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7th ST Duplexes 2700 7th St 12 Unit Apartment Building $4,300,000 ($358,333/Unit) 4.19% Cap Rate Wasco, CA 93280
INVESTMENT HIGHLIGHTS
- 2019 Construction – Turnkey Asset
- Low Operational Expenses
- 12 Large Townhome-Style Units
- Strong Rental Demand Location
EXECUTIVE SUMMARY
Mary Kay Allen in Collaboration with Vanguard Realty Investments are excited to exclusively present for sale this portfolio of six (6) duplexes, offering a combined 14,268 square feet of gross rentable area. The property includes twelve (12) spacious 3-bedroom, 2.5-bath townhouse-style units that are 1204 sq.ft P/U and have their own 2-car garage. Each designed with open-concept living, granite countertops, stainless steel appliances, in-unit laundry, and central HVAC. With low operational expenses, separate meters, durable finishes, and minimal deferred maintenance, this is a true turnkey investment opportunity. The units feature tile flooring downstairs, plush carpet upstairs, ceiling fans throughout, and ample natural light. Situated in a high-demand Wasco submarket near parks and schools, the community appeals to long-term tenants and families alike. Ideal for investors seeking strong in-place income, long-term appreciation, and low management headaches, this offering checks all the boxes for location, stability, and cash flow.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$250,000
|
$17.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,500
|
$0.53
|
| Effective Gross Income |
$242,500
|
$17.00
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$62,500
|
$4.38
|
| Net Operating Income |
$180,000
|
$12.62
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $250,000 |
| Annual Per SF | $17.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $7,500 |
| Annual Per SF | $0.53 |
| Effective Gross Income | |
|---|---|
| Annual | $242,500 |
| Annual Per SF | $17.00 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $62,500 |
| Annual Per SF | $4.38 |
| Net Operating Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $12.62 |
PROPERTY FACTS
| Price | $4,300,000 | Building Class | B |
| Price Per Unit | $358,333 | Lot Size | 0.66 AC |
| Sale Type | Investment | Building Size | 14,268 SF |
| Cap Rate | 4.19% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment | Parking Ratio | 0.84/1,000 SF |
| Apartment Style | Townhome | Opportunity Zone |
Yes
|
| Zoning | R3 - multi-unit residential apartments. | ||
| Price | $4,300,000 |
| Price Per Unit | $358,333 |
| Sale Type | Investment |
| Cap Rate | 4.19% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.66 AC |
| Building Size | 14,268 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2019 |
| Parking Ratio | 0.84/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 - multi-unit residential apartments. |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
- Ceiling Fans
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Carpet
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Wi-Fi
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 12 | $1,733 | 1,204 |
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7th ST Duplexes | 2700 7th St
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