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11350 N State Route 99 E Frontage Rd

7 Unit Apartment Building $1,150,000 ($164,286/Unit) 6.20% Cap Rate Lodi, CA 95240

Investment Highlights

  • Fully remodeled, individual units.
  • An approximately 2,000 square foot commercial / warehouse building.
  • Located in the highly desirable town of Lodi, in the middle of wine country.
  • Excess land provides quality common area for tenants.
  • Modern unit amenities (fully remodeled in 2017-2018).

Executive Summary

Colliers International’s Central Valley Investment Team is proud to present The Cabanas Living Community, located in the desirable town of Lodi, California. This offering presents investors with an excellent opportunity to acquire a seven (7) unit asset in a market that continues to experience strong rent growth and an increase in population. This asset allows an investor to continue to add value in this bustling market.
The Cabanas Living Community is situated on ±1.12 acres of land and is comprised of six (6) individual homes and one (1) large, commercial/warehouse building. Of the six individual homes, three of them are one-bedroom / one-bath units; two are two-bedroom / one-bath units, and one unit is a two-bedroom / two-bath unit. All home units have been fully remodeled and all units are loaded with amenities, such as; private backyards, washer/dryer hookups, private parking, ceiling fans, dual-pane windows, granite counter tops, wall-to-wall tile, security doors, dishwashers, garbage disposals, new roof, new siding, all new cabinetry, all new bath/kitchen fixtures, and much more.
The commercial/warehouse building is approximately 2,000 square feet in size.
With approximately 1.12 acres of land, the access land provides an investor with additional options, in the future, to add to the site’s ability to generate cash flow.

Property Facts

Price $1,150,000
Price Per Unit $164,286
Sale Type Investment
Cap Rate 6.20%
Gross Rent Multiplier 10.67
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 1.12 AC
Building Size 5,000 SF
No. Stories 1
Year Built/Renovated 1935/2017

zoning

Zoning Code AG-40
AG-40
  • Listing ID: 32911893

  • Date on Market: 8/21/2024

  • Last Updated:

  • Address: 11350 N State Route 99 E Frontage Rd, Lodi, CA 95240

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