755 E Virginia Way - Apartments FOR SALE


Barstow, CA 92311
$13,000,000 USD
909-815-7324
755 E Virginia Way, Barstow, CA for Sale
$13,000,000 USD
Apartments - FOR SALE
1/23
null | 6.17% Cap Rate

755 E Virginia Way
Barstow, CA 92311


HIGHLIGHTS

  • Rent Restrictions
  • Well Maintained
  • Gated Property

OVERVIEW

CBRE is pleased to present investors with the opportunity to acquire Sunrise Vista Apartments located at 755 E Virginia Way, Barstow, CA 92311. Built in 1986, this well maintained 156 unit property features (16) one-bedroom, one-bathroom units 780 SF, (68) two-bedroom, one-bathroom units 928 SF, and (72) two-bedroom, two-bathroom units 988 SF. The gated property offers covered and surface parking and includes modern amenities such as a sparkling pool and spa, on-site laundry facility and management. The complex is conveniently located near schools, shopping, dining and entertainment and is located just off the 15 FWY. The Property contains 156 units that are a combination of 39 market rate units and 117 affordable housing units subject to affordable housing programs, including HOME Investment Partnerships Program Agreement, Neighborhood Stabilization Program (NSP) Agreement and Project-Based Vouchers (PBV). Any interested purchaser of the Property would have to take the Property subject to the requirements of these programs/covenants for no less than the remainder of their respective terms and address all applicable legal requirements of each program/covenant. *Subject to HCD Approval.

FOR SALE DETAILS

PRICE

$13,000,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

156

PRICE/UNIT

$83,333

CAP RATE

6.17%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunrise Vista Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

356

LAND DETAILS

LAND ACRES

8.1 AC

LAND SF

352,836 SF

ZONING

R3

APN/PARCEL ID

0183-221-01,0183-221-02

ASK ABOUT THIS PROPERTY

Cray CarlsonCBRE, Inc.More Info
909-815-7324

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Cray CarlsonCBRE, Inc.More Info
909-815-7324

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