Stardust Apartments | 535 W Barnard St
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Stardust Apartments 535 W Barnard St
32 Unit Apartment Building $2,395,000 ($74,844/Unit) 7.39% Cap Rate Blythe, CA 92225
Investment Highlights
- Cash flow investment opportunity!
Executive Summary
Cash flow investment opportunity! 32 nice occupied units. 5.6% bank loan available with 20% down!
Property Facts
| Price | $2,395,000 | Building Class | C |
| Price Per Unit | $74,844 | Lot Size | 1.05 AC |
| Sale Type | Investment | Building Size | 16,025 SF |
| Cap Rate | 7.39% | Average Occupancy | 100% |
| No. Units | 32 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 3.99/1,000 SF |
| Apartment Style | Low Rise | Opportunity Zone |
Yes
|
| Price | $2,395,000 |
| Price Per Unit | $74,844 |
| Sale Type | Investment |
| Cap Rate | 7.39% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.05 AC |
| Building Size | 16,025 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 3.99/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Pool
- Smoke Free
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 325 |
| 1+1 | 18 | - | 500 |
| 2+1 | 11 | - | 700 |
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PROPERTY TAXES
| Parcel Number | 845-030-005 | Improvements Assessment | $1,051,178 |
| Land Assessment | $262,793 | Total Assessment | $1,313,971 |
PROPERTY TAXES
Parcel Number
845-030-005
Land Assessment
$262,793
Improvements Assessment
$1,051,178
Total Assessment
$1,313,971
zoning
| Zoning Code | R3 (32 units on large lot, well-maintained property, excellent manager and maintenance helper in place! High rental demand area!) |
| R3 (32 units on large lot, well-maintained property, excellent manager and maintenance helper in place! High rental demand area!) |
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Presented by
Renova Properties LLC
Stardust Apartments | 535 W Barnard St
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