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Royal Gardens 434 Junction Ave 46 Unit Apartment Building $11,500,000 ($250,000/Unit) 6.02% Cap Rate Livermore, CA 94551
INVESTMENT HIGHLIGHTS
- Exceptional Livermore Investment Opportunity -centrally located in the City of Livermore within walking distance of the downtown district
- Convenient Tenant Amenities - amenities such as on-site laundry, private parking, a swimming pool, and a pet-friendly community courtyard
- Extensive Capital Improvements - The subject property has undergone significant capital improvements amounting to roughly $800K over the last 13 years
- Abundant Lifestyle Amenities - countless lifestyle amenities nearby from vineyards to the hig-end shopping, dining, and entertainment options
EXECUTIVE SUMMARY
Royal Gardens Apartments is a prime 46-unit apartment community located at 434 Junction Ave in the thriving city of Livermore, CA.
Situated on a 1.12 acre parcel of land, the subject property was originally constructed in 1957 and has a gross building area of approximately 21,889 square feet, offering its tenants spacious two-bedroom and one-bedroom floor plans. The subject property also features convenient tenant amenities such as on-site laundry, private parking, a swimming pool, and a pet-friendly community courtyard.
Royal Gardens Apartments has undergone significant capital improvements amounting to roughly $800K over the last 13 years. Improvements include new appliances, water heaters, flooring, electrical, plumbing, and improvements to the pool.
The City of Livermore is located just west of the highly traversed Altamont Pass, connecting California's Central Valley region to the San Francisco Bay Area. Situated in the heart of the East Bay, the city boasts a rich tapestry of vineyards, rolling hills, and vibrant community spirit. Beyond its scenic beauty, Livermore's cultural scene is filled with art galleries, music festivals, and a thriving culinary landscape. Tenants also enjoy close proximity to Livermore's eclectic downtown district, known for its wide array of high-end shopping, dining, and entertainment options.
The investment appeal of this asset is driven by Livermore's low vacancy levels and strong employment fundamentals. With a world-class location in the heart of the East Bay, Royal Gardens Apartments presents an attractive choice for investors due to its proximity to major transportation corridors and proximity to high-end shopping, dining, and entertainment options.
Situated on a 1.12 acre parcel of land, the subject property was originally constructed in 1957 and has a gross building area of approximately 21,889 square feet, offering its tenants spacious two-bedroom and one-bedroom floor plans. The subject property also features convenient tenant amenities such as on-site laundry, private parking, a swimming pool, and a pet-friendly community courtyard.
Royal Gardens Apartments has undergone significant capital improvements amounting to roughly $800K over the last 13 years. Improvements include new appliances, water heaters, flooring, electrical, plumbing, and improvements to the pool.
The City of Livermore is located just west of the highly traversed Altamont Pass, connecting California's Central Valley region to the San Francisco Bay Area. Situated in the heart of the East Bay, the city boasts a rich tapestry of vineyards, rolling hills, and vibrant community spirit. Beyond its scenic beauty, Livermore's cultural scene is filled with art galleries, music festivals, and a thriving culinary landscape. Tenants also enjoy close proximity to Livermore's eclectic downtown district, known for its wide array of high-end shopping, dining, and entertainment options.
The investment appeal of this asset is driven by Livermore's low vacancy levels and strong employment fundamentals. With a world-class location in the heart of the East Bay, Royal Gardens Apartments presents an attractive choice for investors due to its proximity to major transportation corridors and proximity to high-end shopping, dining, and entertainment options.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $11,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.12 AC |
| Cap Rate | 6.02% | Building Size | 21,889 SF |
| Gross Rent Multiplier | 10.69 | Average Occupancy | 91% |
| No. Units | 46 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 2.74/1,000 SF |
| Zoning | MFR | ||
| Price | $11,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| Gross Rent Multiplier | 10.69 |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.12 AC |
| Building Size | 21,889 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 2.74/1,000 SF |
| Zoning | MFR |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Courtyard
- Property Manager on Site
- Package Service
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 45 | - | 420 |
| 2+1 | 1 | - | 820 |
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 098-0264-001-10 | Total Assessment | $2,964,229 (2025) |
| Land Assessment | $870,669 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,075,942 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
098-0264-001-10
Land Assessment
$870,669 (2025)
Improvements Assessment
$2,075,942 (2025)
Total Assessment
$2,964,229 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Royal Gardens | 434 Junction Ave
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