Located in the coastal city of Oceanside, California, 901 Hillcrest Place is an 8-unit apartment complex. 6 of the units are fully renovated and turned. Sitting on an approximately 13,224 square foot lot, the property features a mix of 1 bedroom and 2 bedroom units. Units 1, 2, 3, 4, 5, and 7 have been fully renovated. A new roof was installed in 2020 and new windows installed in 2022. The exterior was painted in 2022. There is new exterior concrete, drainage and landscaping completed in 2023. Unit 5 & unit 8 feature new landing deck/stairs. 901 Hillcrest Place is a rare 5.6% cap rate on actual in-place numbers today, and a 6.6% pro forma cap rate.