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Sunrise Lancaster Apartments Community 1210-1340 Meadow View Ln

152 Unit Apartment Building $33,000,000 ($217,105/Unit) 6.37% Cap Rate Lancaster, CA 93534

Investment Highlights

  • Townhome Garden-Style Units, Full Amenity Residential Apartment Community Including Pool &, Spa (Recently Renovated), Clubhouse, and Leasing Office
  • Excellent Unit Mix with Spacious One and Two Bedroom Units
  • Located in CA Opportunity Zone
  • The Majority of the Units have been Recently Renovated with new HVACs, Roofs, Vinyl Plank Flooring, Windows, and Countertops
  • Private, Gated, and Quiet Residential Community
  • Great Location with Close Proximity to CA 14 Freeway and Regional Antelope Valley Hospital

Executive Summary

152 Townhome Garden-Style Units
Value Add and Opportunity Zone

Property Facts

Price $33,000,000
Price Per Unit $217,105
Sale Type Investment
Cap Rate 6.37%
No. Units 152
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 9.77 AC
Construction Status Under Renovation
Building Size 122,713 SF
Average Occupancy 85%
No. Stories 2
Year Built/Renovated 1986/2025
Parking Ratio 2.47/1,000 SF
Opportunity Zone Yes

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Fireplace
  • Microwave
  • Heating
  • Security System
  • High Speed Internet Access

Site Amenities

  • Clubhouse
  • Courtyard
  • Fitness Center
  • Laundry Facilities
  • Playground
  • Spa

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 64 - 625
2+1 32 - 821
2+2 56 - 913

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 3123-012-046
  • 3123-012-045
Land Assessment
$2,856,895
Improvements Assessment
$16,189,146
Total Assessment
$19,046,041

zoning

Zoning Code RPD, Lancaster (Multifamily)
RPD, Lancaster (Multifamily)
  • Listing ID: 34361166

  • Date on Market: 1/3/2025

  • Last Updated:

  • Address: 1210-1340 Meadow View Ln, Lancaster, CA 93534

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