1170 Kenny Dr - Apartments FOR SALE


Yuba City, CA 95991
$4,800,000 USD
530-979-4218
1170 Kenny Dr, Yuba City, CA for Sale
$4,800,000 USD
Apartments - FOR SALE
1/82
null | 6.25% Cap Rate

1170 Kenny Dr
Yuba City, CA 95991


HIGHLIGHTS

  • First Time on the Market – Owned and professionally managed for over 35 years
  • Stabilized Income with Upside – Consistent occupancy and dependable cash flow with opportunity for income growth
  • Diverse Unit Mix – (1) Studio, (35) One-Bedroom, (4) Two-Bedroom (Incl. Manager-Occupied Townhouse)
  • Strong, Desirable Location – Walking distance to shopping, schools, and dining; easy access to Highway 99 + major commuter routes
  • Individual or Portfolio Offering – Can be acquired individually or with Pheasant Court Apartments

OVERVIEW

Joshua Tree Apartments, a professionally managed, 40-unit apartment complex presents a rare opportunity to acquire a stabilized, income-generating asset in a strong rental market. Built in 1987 and located in Yuba City, Joshua Tree has been expertly maintained for over 35 years, reflecting pride of ownership and operational efficiency. The property's unit mix consists of 1 studio, 35 one-bedroom and 4 two-bedroom units (including a dedicated on-site manager’s townhouse) all averaging 635 SF —offering a diversified rental income stream. Conveniently situated near retail amenities, schools, and major freeway access, Joshua Tree enjoys strong tenant demand and historically low vacancy rates. At an asking price of $120,000 per door, this offering sits below replacement cost, presenting immediate value and significant long-term upside through rent growth and operational efficiencies. Joshua Tree is an ideal value-add or long-term hold opportunity for investors looking to expand or optimize their multifamily portfolio in Northern California. The property is offered individually or with the nearby Pheasant Court Apartments, providing investors with added scale and geographic synergy. Please contact us for more information on this investment opportunity.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

40

PRICE/UNIT

$120,000

CAP RATE

6.25%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Joshua Tree Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

R3

APN/PARCEL ID

51-062-008

ASK ABOUT THIS PROPERTY

Shadi QutubNick Sadek Sotheby's International RealtyMore Info
530-979-4218

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Shadi QutubNick Sadek Sotheby's International RealtyMore Info
530-979-4218

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