La Amistad Apartments | 1001 Walnut Dr
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La Amistad Apartments 1001 Walnut Dr
80 Unit Apartment Building $10,818,029 CAD ($135,225 CAD/Unit) 6.21% Cap Rate Arvin, CA 93203
Investment Highlights
- IRS Section 42 LIHTC Restricted. Built in 2004 With Extended Use Restrictions on Regulatory Agreement for 55 Years.
- Excellent Unit Make Up With 48-Three-Bedrooms, and 32-Four-Bedrooms
- Unique Opportunity to Purchase 80 Units of 2004 Construction At Just Under $97,000 Per Unit
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $10,818,029 CAD | Building Class | B |
| Price Per Unit | $135,225 CAD | Lot Size | 5.60 AC |
| Sale Type | Investment | Building Size | 131,686 SF |
| Cap Rate | 6.21% | Average Occupancy | 100% |
| No. Units | 80 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2004 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $10,818,029 CAD |
| Price Per Unit | $135,225 CAD |
| Sale Type | Investment |
| Cap Rate | 6.21% |
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.60 AC |
| Building Size | 131,686 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2004 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Wheelchair Accessible (Rooms)
Site Amenities
- Playground
- Property Manager on Site
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 47 | - | 1,136 |
| 4+2 | 33 | - | 1,336 |
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PROPERTY TAXES
| Parcel Number | 192-070-04-00-3 | Total Assessment | $21,858,741 CAD (2024) |
| Land Assessment | $172,639 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $21,686,102 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
192-070-04-00-3
Land Assessment
$172,639 CAD (2024)
Improvements Assessment
$21,686,102 CAD (2024)
Total Assessment
$21,858,741 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
-
Isaak Heitzeberg -
Marcus and Millichap Investment Services
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La Amistad Apartments | 1001 Walnut Dr
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