654 Lucille Ave | Coalinga, CA 93210
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- LoopNet Team
654 Lucille Ave
Coalinga, CA 93210
The Elm Tree Estates · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- Rents well below market. RUBS implemented with no push back.
- Owner has increased rents by 9% every year with no push back. Rents below market.
- Only $132,787 per door.
- Fully stabilized project, lots of interior improvements, and brand new boiler. Some of the largest units in Coalinga.
- NOI based on actual income and expenses.
PROPERTY FACTS
| No. Units | 32 | Building Size | 34,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1985/2023 |
| Building Class | C | Parking Ratio | 1.35/1,000 SF |
| Lot Size | 1.28 AC | ||
| Zoning | R-3TWR - Apartments | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.28 AC |
| Building Size | 34,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2023 |
| Parking Ratio | 1.35/1,000 SF |
| Zoning | R-3TWR - Apartments |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Refrigerator
- Oven
SITE AMENITIES
- Laundry Facilities
- Playground
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | $1,129 | 940 - 1,185 |
| 3+2 | 16 | $1,182 | 1,185 |
PROPERTY TAXES
| Parcel Number | 083-240-46S | Improvements Assessment | $2,294,650 |
| Land Assessment | $328,093 | Total Assessment | $2,622,743 |
PROPERTY TAXES
Parcel Number
083-240-46S
Land Assessment
$328,093
Improvements Assessment
$2,294,650
Total Assessment
$2,622,743
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