475 Dover Pky - Apartments FOR SALE


Delano, CA 93215
$13,350,000 USD
661-304-2521
475 Dover Pky, Delano, CA for Sale
$13,350,000 USD
Apartments - FOR SALE
1/9
null | 5.32% Cap Rate

475 Dover Pky
Delano, CA 93215


HIGHLIGHTS

  • Newly constructed 45 unit apartment
  • 45-unit luxury apartment community in one of Delano's most desirable residential neighborhoods
  • Professionally landscaped grounds creating a resort-style atmosphere for residents
  • Strategically located just minutes from Highway 99
  • Positioned in one of Delano's premier residential corridors
  • Rare institutional-quality multifamily offering

OVERVIEW

Introducing Palazzo Luxury Villas, a beautifully maintained 45-unit luxury apartment community located at 475 Dover Parkway in Delano, California. This exceptional investment opportunity offers an attractive combination of upscale living, strong tenant appeal, and long-term income potential in one of Delano's most desirable residential locations. The property features spacious, thoughtfully designed apartment homes with quality finishes, professionally landscaped grounds, and amenities that cater to today's residents seeking comfort and convenience. Ideally positioned near major employers, shopping, dining, schools, and convenient highway access, Palazzo Luxury Villas benefits from consistent rental demand and excellent accessibility throughout the Central Valley. Whether you're seeking a stable, cash-flowing asset or a high-quality addition to a growing multifamily portfolio, Palazzo Luxury Villas represents a rare opportunity to acquire a premier luxury apartment community in an expanding market with strong long-term fundamentals.

FOR SALE DETAILS

PRICE

$13,350,000 USD

PRICE/SF

$272 USD /SF

# OF UNITS

45

PRICE/UNIT

$296,667

CAP RATE

5.32%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palazzo Luxury Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

100

LAND DETAILS

LAND ACRES

5.4 AC

LAND SF

235,224 SF

ZONING

GC

APN/PARCEL ID

521-230-01-00-8

ASK ABOUT THIS PROPERTY

Alex Balfour, SIORCushman & WakefieldMore Info
661-304-2521

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Alex Balfour, SIORCushman & WakefieldMore Info
661-304-2521

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