This low-density, garden-style community consists of 35 apartment homes spread over more than two acres, offering an attractive unit mix of studios, one-, two-, and three-bedroom floor plans. The property features abundant on-site parking with 54 spaces, including 14 garages, as well as community amenities such as laundry facilities and a leasing office. The asset offers both immediate value-add and long-term development upside. Of the 35 units, 21 remain unrenovated (60% of total units), presenting a significant opportunity to raise rents and achieve an estimated $410 rent premium (24% increase in rental income). Additionally, the large underutilized lot provides the potential to expand the community up to 44 units by right under current zoning, with options to convert garage spaces into Accessory Dwelling Units (ADUs) or additional living areas. Strategically located with direct access to Interstate 8, Terre at S Anza is within walking or short driving distance to major retail and shopping centers, enhancing its appeal to centers. This offering combines stable in-place income, significant upside through renovations, and future development potential. This makes Terra at S Anza an ideal investment for multifamily operators seeking to add value and grow their portfolio in a strong Southern California submarket. We invite you to learn more about this investment opportunity by signing the Confidentiality Agreement to receive the Offering Memorandum and then touring the Property with us.