Multifamily investment opportunity offered at a 5.82% cap rate on in-place income, PLUS significant upside potential. Hollister Hacienda offers investors a unique opportunity to acquire an extensively renovated, well-performing apartment complex strategically located in close proximity to Silicon Valley. With San Jose just a 35-45 minute commute, residents take advantage of the fact that housing costs in Hollister are approximately 40-45% less than Santa Clara County. Hollister is a perennially tight housing market, and there are no market rate multifamily projects slated for development in the city of Hollister, as the vast majority of new product are for-sale single family homes. The complex has undergone significant improvements to the exterior and all 43 unit interiors (see capital improvements section), resulting in low maintenance costs and an enhanced living experience for tenants. Very few other complexes in Hollister offer the same large unit square footage, spacious low-density footprint, favorable on-site parking ratio, and mix of complementary amenities such as covered patios/decks, spacious lawn areas, BBQ and Gazebo, playground and storage. The property has a strong unit mix: (33) 2 bed/1 bath, (8) 3 bed/2 bath (all 3 bed units have in-unit laundry), and (2) studios (studios are non-conforming). Parking is plentiful on-site, with 62 dedicated parking spaces. Realistic upside in income potential exists for future ownership: 1) rents across the board have room for increases 2) newly passed statewide ADU law may allow the development of up to 10 ADUs (buyer to verify) 3) upside in utility billing and submetering income 4) upside in ancillary income can be realized through parking fees, storage fees 5) rent growth over time with Hollister’s population projected to grow 27% by 2040 6) addition of in-unit laundry to 2 bedroom floorplans. FAVORABLE AGENCY DEBT QUOTE AVAILABLE FOR THIS ASSET, INQUIRE WITH LISTING AGENTS FOR MORE INFORMATION. Please contact listing agents for the offering memorandum and to schedule a private tour. Available dates will be updated soon.