Parc88 Apartments by Trion Living | 4445 Stevenson Blvd
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Parc88 Apartments by Trion Living 4445 Stevenson Blvd
88 Unit Apartment Building For Sale Fremont, CA 94538
Investment Highlights
- TURNKEY INVESTMENT WITH IMMEDIATE YIELD
- 75% DISCOUNT TO HOMEOWNERSHIP IN THE NATION’S BEST PLACE TO RAISE A FAMILY
- SILICON VALLEY LOCATION DRIVES GROWTH
- EXCEPTIONAL APARTMENT MARKET FUNDAMENTALS
Executive Summary
Berkadia is pleased to exclusively present the opportunity to acquire Parc 88 (or the “Property”)
an 88-unit multifamily community located in the “Best Place to Raise a Family in the U.S.” and
providing an anticipated +6.5% Year 1 cash-on-cash return. With more than $2.2MM in recently
completed capital improvements, Parc 88 is a turnkey asset entirely comprised of two- and three- bedroom
townhome units — uniquely positioning the Property to benefit from the submarket’s
+18% rent growth projected by 2028. Parc 88 is surrounded by the world’s most innovative
companies, top-rated public schools, and an increasingly affluent and growing population, making
the Property a minimal-risk investment delivering an attractive in-place yield combined with a
clear path to significant near-term income growth.
an 88-unit multifamily community located in the “Best Place to Raise a Family in the U.S.” and
providing an anticipated +6.5% Year 1 cash-on-cash return. With more than $2.2MM in recently
completed capital improvements, Parc 88 is a turnkey asset entirely comprised of two- and three- bedroom
townhome units — uniquely positioning the Property to benefit from the submarket’s
+18% rent growth projected by 2028. Parc 88 is surrounded by the world’s most innovative
companies, top-rated public schools, and an increasingly affluent and growing population, making
the Property a minimal-risk investment delivering an attractive in-place yield combined with a
clear path to significant near-term income growth.
Data Room Click Here to Access
Property Facts Under Contract
| Sale Type | Investment | Lot Size | 5.10 AC |
| No. Units | 88 | Building Size | 88,664 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1964/2019 |
| Building Class | C | Parking Ratio | 1.58/1,000 SF |
| Sale Type | Investment |
| No. Units | 88 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.10 AC |
| Building Size | 88,664 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2019 |
| Parking Ratio | 1.58/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Freezer
- Patio
Site Amenities
- Courtyard
- Fitness Center
- Pool
- Property Manager on Site
- Pet Play Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 72 | - | 987 |
| 3+1.5 | 16 | - | 1,100 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $14,669,491 | |
| Land Assessment | $14,724,600 | Total Assessment | $29,444,485 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$14,724,600
Improvements Assessment
$14,669,491
Total Assessment
$29,444,485
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Parc88 Apartments by Trion Living | 4445 Stevenson Blvd
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