1051 Clark Ave - Apartments FOR SALE


Yuba City, CA 95991
$7,150,000 USD
916-835-8844
1051 Clark Ave, Yuba City, CA for Sale
$7,150,000 USD
Apartments - FOR SALE
1/8
null | 6.29% Cap Rate

1051 Clark Ave
Yuba City, CA 95991


OVERVIEW

Walker & Dunlop, as the exclusive advisor, is pleased to present the opportunity to acquire The Villas at Clark, a 54-unit multifamily community located in Yuba City, CA. LOSS TO LEASE / RENOVATION UPSIDE The Villas at Clark offers significant potential for rent growth through its current loss-to-lease, with an average of $135 per unit. This translates to an annualized loss-to-lease of $87,480, presenting a valuable opportunity for increased rental revenue by aligning rents with market rates. Additionally, with potential for renovations, the Villas at Clark could see enhanced value and rental income, further boosting its upside potential and making it an attractive investment opportunity. SIGNIFICANT CAPITAL IMPROVEMENTS • New Exterior Facing Windows • New Paint • New Landscaping • New Front Entrance • All New Front Office • New Signage • Upgraded Interiors (30-40% Of The Units) Please do not disturb tenants. Please contact listing agent for tour requests and access to the financials/OM.

FOR SALE DETAILS

PRICE

$7,150,000 USD

PRICE/SF

$184 USD /SF

# OF UNITS

54

PRICE/UNIT

$132,407

CAP RATE

6.29%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Villas at Clark

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.53 AC

LAND SF

66,647 SF

ZONING

R-3

APN/PARCEL ID

51-341-042

ASK ABOUT THIS PROPERTY

Marc AndenmattenWalker & Dunlop, Inc.More Info
916-835-8844

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Marc AndenmattenWalker & Dunlop, Inc.More Info
916-835-8844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.