Originally constructed in 1963, the property has undergone numerous structural and cosmetic upgrades, making it an attractive, low-maintenance asset with above-market cash flow. The community consists of a two-story residential building with seventeen 1-bedroom/1-bath units and one 2-bedroom/1-bath units, complemented by a detached single-story structure housing the laundry room, management storage, and mechanical systems. Situated on a prominent corner lot, the site enjoys excellent natural light, strong visibility, and efficient circulation. Each unit features vinyl double-pane windows, and sixteen units have been improved with refurbished original wood cabinetry, vinyl plank flooring, low-flow plumbing fixtures, and newer appliances.
The property has been meticulously maintained, allowing a new owner to operate with minimal near-term capital needs. Recent improvements include new carport roofs, an excellent-condition roof on the main residential building, and upgraded steel staircases and walkway railings built to current code. The grounds feature drought-tolerant landscaping on automated irrigation, and a recently installed security fence and parking gate enhance resident comfort and peace of mind. Interiors are clean and functional, offering a clear opportunity for modest luxury upgrades that may support higher rents and long-term value creation.