This 12-unit apartment complex in Jacinto City offers a strong investment opportunity with immediate cash flow and upside potential. Currently 90%+ occupied, the property benefits from a stable tenant base, including many long-term residents. At current rental rates, the asset is delivering a 12%+ CAP rate, making it attractive for yield-focused investors. All leases are written as monthly leases, so all tenants are month to month.
Recent capital improvements include new electrical panels installed in all units in 2023, reducing near-term maintenance concerns. The property presents additional upside through rental increases, particularly with potential conversion to Section 8 housing.
Tenants enjoy convenient access to public transportation, grocery stores, and nearby dining options. The complex also features dedicated on-site parking with 14 spaces accessible from Wiggins Street. This is a turnkey asset with both stability and value-add potential in a high-demand rental area.