44045 15th St W
Lancaster, CA 93534

JLL' s Southern California Multifamily Group, as exclusive agent, is pleased to present Racquet Club Apartments (the Property ), a 200-unit multifamily asset located in northern Los Angeles County in Lancaster, California. Racquet Club is the area' s best-located community given its location immediately adjacent to the Antelope Valley Hospital, one of the region' s largest employers, and directly off the SR-14, the primary transportation corridor linking commuters to all of Southern California' s employment hubs. The Property presents investors with the extremely attractive opportunity to acquire a highly-amenitized, well-maintained and ideally-located asset in a submarket with immediate planned job growth and strengthening multifamily fundamentals including continued rent growth and near 100% occupancy. Racquet Club offers two levels of interior finishes with select units featuring vinyl plank flooring throughout living areas, upgraded ceiling fans and fixtures, and new kitchen appliances and countertops. Additionally, select units at the Property offer washers and dryers, a feature not seen among many competitors in this submarket. The Property presents a new owner with the attractive opportunity to capture substantial rent premiums in excess of current leased rates as renovated units turn given the approximately $200 premium currently being achieved on recently signed leases.