1001 Walnut DrArvin, CA 93203
Kern County Multifamily Investment Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- 80-unit apartment complex in Arvin, CA, built in 2004.
- Fee simple ownership, Class B property with 131,686 square feet of net rentable space on a 5.6-acre lot.
- Currently 100% occupied, generating a $477,961 NOI, 6.21% cap rate, and a pro-forma cap rate of 7.03%.
- Asking price: $7,692,000 ($96,150 per unit).
- Subject to a 55-year regulatory agreement due to a 9% LIHTC award; 79 units are rent-restricted.
Property Details for 1001 Walnut Dr
- Property type
- Apartment buildings
- Square Feet
- 243,936 SF
- Class
- B
- Year Built
- 2004
- Buildings
- 10
- Stories
- 2
- Lot Size (sq. ft)
- 243,936 SF
- Units
- 80
Location Insight
- City
- Arvin
- County
- Kern
- State
- California
- Latitude
- 35.1959068
- Longitude
- -118.8396103
Nearby Similar for Sale
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