Manteca Golf & Tennis Villas | 367 N Union Rd
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Manteca Golf & Tennis Villas 367 N Union Rd
56 Unit Apartment Building $16,000,000 ($285,714/Unit) 6.37% Cap Rate Manteca, CA 95337
Investment Highlights
- Fully renovated interiors W/Laundry hookups
- Low maintenance asset
- Located adjacent to the Manteca Park Golf Course
Executive Summary
Marcus & Millichap is honored to present Manteca Golf and Tennis Villas, a well-positioned, income-generating asset located in the dynamic market of Manteca, California. Constructed in 1985, this 56-unit complex encompasses approximately 45,177 square feet on a 2.24-acre parcel, strategically designed with a desirable unit mix: (24) one-bedroom/one-bathroom units of roughly 700 square feet and (31) two-bedroom/one-bathroom units at approximately 888 square feet each.
Property Facts
| Price | $16,000,000 | Property Subtype | Apartment |
| Price Per Unit | $285,714 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.37% | Lot Size | 2.24 AC |
| Sale Conditions | 1031 Exchange | Building Size | 41,920 SF |
| Gross Rent Multiplier | 10.82 | No. Stories | 2 |
| No. Units | 56 | Year Built/Renovated | 1985/2023 |
| Property Type | Multifamily |
| Price | $16,000,000 |
| Price Per Unit | $285,714 |
| Sale Type | Investment |
| Cap Rate | 6.37% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 10.82 |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.24 AC |
| Building Size | 41,920 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2023 |
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Pool
- Property Manager on Site
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 33 | - | 650 |
| 2+1 | 23 | - | 890 |
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PROPERTY TAXES
| Parcel Number | 200-150-02 | Improvements Assessment | $2,414,537 |
| Land Assessment | $603,631 | Total Assessment | $3,018,168 |
PROPERTY TAXES
Parcel Number
200-150-02
Land Assessment
$603,631
Improvements Assessment
$2,414,537
Total Assessment
$3,018,168
zoning
| Zoning Code | PD |
| PD |
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Power Broker Joseph Owens -
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Manteca Golf & Tennis Villas | 367 N Union Rd
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