25 Howard Ave - Apartments FOR SALE
June Lake, CA 93529 |
$2,888,000 USD
949-285-6047
25 Howard Ave
June Lake, CA 93529
HIGHLIGHTS
- Five newly built (2024) turnkey units, each offering two bedrooms plus a loft, modern finishes, and highly efficient floor plans.
- Stable income day one with easy mgmt & predictable cash flow. Limited inventory & high demand for quality rentals make this a defensible investment.
- Preliminary condo-mapping engineering is complete; eligible for future subdivision pending county approval.
- Steps from June Lake Village, June Mountain Ski Resort, hiking, fishing, and year-round outdoor recreation.
- New systems, appliances, and construction minimize maintenance costs and stabilize long-term operating expenses.
- Ideal for investors seeking a stabilization play with immediate cash flow and appreciation potential in a supply-constrained market.
FOR SALE DETAILS
PRICE
$2,888,000 USD
PRICE/SF
$525 USD /SF
# OF UNITS
5
PRICE/UNIT
$577,600
CAP RATE
3.93%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Acorns in June Lake
PROPERTY TYPE
Multi-Family
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
2024
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.43 AC
LAND SF
18,731 SF
ZONING
RMF
APN/PARCEL ID
015-103-022-000
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949-285-6047
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949-285-6047
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