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4609 10th St 21 Unit Apartment Building $5,700,000 ($271,429/Unit) Guadalupe, CA 93434
INVESTMENT HIGHLIGHTS
- Located in the heart of downtown Guadalupe
- The property has had consistent year-over-year rent increases and low vacancy rates.
- Strong development controls and high barriers to entry contribute to limited housing inventory and thus rental stability.
EXECUTIVE SUMMARY
Solid in-place rents and consistent occupancy offer investors a stable long-term investment. Investors can also capitalize on continued population and income growth along the Central Coast, coupled with the enduring desirability of coastal apartment assets.
Lastly, each apartment building is assigned its own APN-- offering investors the optionality of converting the property to condominiums and selling units individually.
Lastly, each apartment building is assigned its own APN-- offering investors the optionality of converting the property to condominiums and selling units individually.
PROPERTY FACTS
| Price | $5,700,000 | Building Class | C |
| Price Per Unit | $271,429 | Lot Size | 0.01 AC |
| Sale Type | Investment | Building Size | 18,207 SF |
| No. Units | 21 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | X - multi-family residential district | ||
| Price | $5,700,000 |
| Price Per Unit | $271,429 |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.01 AC |
| Building Size | 18,207 SF |
| No. Stories | 2 |
| Year Built | 1984 |
| Opportunity Zone |
Yes |
| Zoning | X - multi-family residential district |
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PROPERTY TAXES
| Parcel Number | 115-270-001 | Improvements Assessment | $116,420 |
| Land Assessment | $36,414 | Total Assessment | $152,834 |
PROPERTY TAXES
Parcel Number
115-270-001
Land Assessment
$36,414
Improvements Assessment
$116,420
Total Assessment
$152,834
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4609 10th St
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