Elm Tree Estates is a well-maintained, 32-unit apartment complex located at 654 Lucille Avenue, Coalinga, CA. Built in 1985, the property consists of four two-story buildings on a 1.28-acre lot, offering spacious two-bedroom and three-bedroom units with an average size of 1,062 SF and is 100% occupied. With a 7.32% CAP rate and priced at $3,750,000, this investment presents strong cash flow potential with a proven value-add opportunity. Strategically positioned near major highways, retail centers, and schools, Elm Tree Estates benefits from high rental demand. Over 50% of the units have been upgraded with modern finishes, and new ownership can further enhance rental income by continuing the renovation program.