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Hillcrest House Apartments 91 Summit Ave 28 Unit Apartment Building $3,950,000 ($141,071/Unit) Sonora, CA 95370



Executive Summary
Hillcrest House Apartments, located at 91 Summit Avenue in Sonora, CA, is a 28- unit multifamily community positioned in the desirable Myers Hill neighborhood near downtown Sonora. The property consists of several one-story and two-story buildings offering a mix of one- and twobedroom units designed to meet the needs of a broad tenant base.
Built in 1976, the asset provides functional layouts ranging approximately from 636 to over 900 square feet, with features including private patios or decks, assigned carport parking, and storage.
Residents benefit from attractive community amenities such as a swimming pool, landscaped grounds, and on-site laundry facilities, supporting strong tenant retention and consistent occupancy.
The property is conveniently located within walking distance to downtown Sonora and is in close proximity to shopping centers, healthcare facilities, and major recreational destinations. The surrounding area is considered the cultural and commercial hub of Tuolumne County, offering stable rental demand driven by local employment and regional tourism.
Hillcrest House Apartments presents investors with a well- located, stabilized asset in a supply-constrained rental market, with additional upside through continued operational improvements and rent growth.
Built in 1976, the asset provides functional layouts ranging approximately from 636 to over 900 square feet, with features including private patios or decks, assigned carport parking, and storage.
Residents benefit from attractive community amenities such as a swimming pool, landscaped grounds, and on-site laundry facilities, supporting strong tenant retention and consistent occupancy.
The property is conveniently located within walking distance to downtown Sonora and is in close proximity to shopping centers, healthcare facilities, and major recreational destinations. The surrounding area is considered the cultural and commercial hub of Tuolumne County, offering stable rental demand driven by local employment and regional tourism.
Hillcrest House Apartments presents investors with a well- located, stabilized asset in a supply-constrained rental market, with additional upside through continued operational improvements and rent growth.
Property Facts
| Price | $3,950,000 | Building Class | C |
| Price Per Unit | $141,071 | Lot Size | 1.06 AC |
| Sale Type | Investment | Building Size | 22,400 SF |
| No. Units | 28 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | R2 | ||
| Price | $3,950,000 |
| Price Per Unit | $141,071 |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.06 AC |
| Building Size | 22,400 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.25/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 |
Amenities
Unit Amenities
- Kitchen
- Oven
Site Amenities
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 636 |
| 2+1 | 4 | - | 908 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,315,824 | |
| Land Assessment | $350,468 | Total Assessment | $3,666,292 |
Property Taxes
Parcel Numbers
Land Assessment
$350,468
Improvements Assessment
$3,315,824
Total Assessment
$3,666,292
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Hillcrest House Apartments | 91 Summit Ave
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