Park Palace II | 16197 H St
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Park Palace II 16197 H St
81 Unit Apartment Building $4,150,000 ($51,235/Unit) 6.71% Cap Rate Mojave, CA 93501
Investment Highlights
- Approximately ± 82 Acres Included in the Sale
- Rare Opportunity to Purchase 81 Units of 2011 Construction At Just Under $79,000 Per Unit
- IRS Section 42 LIHTC Restricted. Built in 2011 With Extended Use Restrictions on Regulatory Agreement for 55 Years.
- Excellent Unit Make Up With 40-Two-Bedrooms, 33-Three-Bedrooms, and 8-Four-Bedrooms
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,150,000 | Building Class | A |
| Price Per Unit | $51,235 | Lot Size | 81.94 AC |
| Sale Type | Investment | Building Size | 130,904 SF |
| Cap Rate | 6.71% | Average Occupancy | 100% |
| No. Units | 81 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2011 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $4,150,000 |
| Price Per Unit | $51,235 |
| Sale Type | Investment |
| Cap Rate | 6.71% |
| No. Units | 81 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | A |
| Lot Size | 81.94 AC |
| Building Size | 130,904 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2011 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Dishwasher
- Refrigerator
- Oven
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 37 | - | 902 |
| 3+2 | 36 | - | 1,136 |
| 4+2 | 8 | - | 1,336 |
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PROPERTY TAXES
| Parcel Number | 236-480-12-00-4 | Total Assessment | $8,784,296 (2024) |
| Land Assessment | $521,412 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $8,262,884 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
236-480-12-00-4
Land Assessment
$521,412 (2024)
Improvements Assessment
$8,262,884 (2024)
Total Assessment
$8,784,296 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R-1 |
| R-1 |
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Park Palace II | 16197 H St
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