3819 East Ave - Apartments FOR SALE


Livermore, CA 94550- Dublin/Pleasanton/Livermore
$20,400,000 USD
510-304-8077
3819 East Ave, Livermore, CA for Sale
$20,400,000 USD
Apartments - FOR SALE
1/41
null | 5.82% Cap Rate


HIGHLIGHTS

  • Exceptional Livermore Investment Opportunity - centrally located in the City of Livermore within walking distance of the lively Downtown district.
  • Extensive Capital Improvements - the subject property has undergone significant capital improvements amounting to over $2.3M+ in the last 13 years.
  • Convenient Tenant Amenities - convenient amenities such as on-site laundry, controlled access private parking, and community swimming pool.

OVERVIEW

Briarwood Apartments is a stunning 64-unit apartment community located at 3819 East Ave in the thriving city of Livermore, CA. Situated on a large 3.03 acre parcel of land, the subject property was originally constructed in 1961 and has a gross building area of approximately 50,700 square feet, offering its tenants spacious three-bedroom and two-bedroom floor plans. The subject property also features convenient tenant amenities such as on-site laundry, controlled access private parking, and a community swimming pool. Briarwood Apartments has undergone significant capital improvements amounting to over $2.3M+ in the last 13 years. Improvements include new appliances, water heaters, flooring, electrical, plumbing, and improvements to the pool. The City of Livermore is located just west of the highly traversed Altamont Pass, connecting California's Central Valley region to the San Francisco Bay Area. Situated in the heart of the East Bay, the city boasts a rich tapestry of vineyards, rolling hills, and vibrant community spirit. Beyond its scenic beauty, Livermore's cultural scene is filled with art galleries, music festivals, and a thriving culinary landscape. Tenants also enjoy close proximity to Livermore's eclectic downtown district, known for its wide array of high-end shopping, dining, and entertainment options. The investment appeal of this asset is driven by Livermore's low vacancy levels and strong employment fundamentals. With a world-class location in the heart of the East Bay, Briarwood Apartments presents an attractive choice for investors due to its proximity to major transportation corridors and proximity to high-end shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$20,400,000 USD

PRICE/SF

$319 USD /SF

# OF UNITS

64

PRICE/UNIT

$318,750

CAP RATE

5.82%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Briarwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.03 AC

LAND SF

131,987 SF

ZONING

RG-16

APN/PARCEL ID

098A-0413-008-00

ASK ABOUT THIS PROPERTY

Robert JohnstonLevin JohnstonMore Info
510-304-8077

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Robert JohnstonLevin JohnstonMore Info
510-304-8077

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.