510-926-8771
950 Mountain View Dr, Lafayette, CA for Sale
Apartments - FOR SALE
1/28
null | 4.5% Cap Rate

950 Mountain View Dr
Lafayette, CA 94549
Downtown Lafayette


HIGHLIGHTS

  • SHOWING TUES 9/22-EMAIL PINZA GROUP TO RSVP
  • Seller Carry Loan Opportunity For Well Qualified Investors at 75% LTV and 4% Interest Only For Five Years
  • Amenities Include a Solar Heated Pool, Shared Laundry, Air Conditioning, and Private Balconies, with Potential to Add In-Unit Laundry During Unit Reno
  • Key Upgrades Include Fresh Exterior Paint & New Electrical Subpanels Leaving Only Interior Remodels Upon Turnover.
  • Downtown Lafayette, an Affluent East Bay Town and Top Tier Rental Location Offers Strong Demand from the Highest Quality Tenants.
  • Strong Value-Add Opportunity Through Renovations of Eight Vacant Units & Operational Efficiencies Such as Rubs to Offset Utilities, ADUs, and More.

OVERVIEW

SHOWING: TUESDAY 9/22-EMAIL PINZA GROUP FOR DETAILS AND TO RSVP *Interest only, seller financing is available for well qualified Buyers. Contact Pinza Group for details.* Constructed in 1963, this 28-unit multifamily property in Lafayette offers a mix of 12 1-bedroom/1-bathroom and 16 2-bedroom/1-bathroom units. The exterior of the property has been completely revamped with dry rot and fascia repair and a modern paint job. Interior features include high-speed internet, air conditioning, heating, balconies, and a pool. Electrical subpanels were fully replaced last year and the property was rewired in 2004; several units have been remodeled as long-time tenants have relocated. The property also includes central laundry, on-site management, and ample parking. The property will be delivered with at least eight units vacant, thereby allowing the next investor to come and renovate units to their liking and achieve market rents quickly. Lafayette, California, nestled in the Bay Area’s East Bay, epitomizes lifestyle and value with proximity to Lafayette Reservoir and easy access to I-680 and Highway 24, offering rolling hills, oak-studded landscapes, and views toward Mount Diablo. Reflecting Bay Area vibrancy, Lafayette exudes an upscale suburban vibe with diverse neighborhoods like exclusive ridges near Mount Diablo View, tranquil areas around the Reservoir, and scenic hills bordering Briones Regional Park. Investors and residents enjoy top-rated schools, low crime, and strong appreciation. Outdoor enthusiasts explore Lafayette Reservoir Trails and Briones Regional Park, while commuters benefit from minutes-to-BART convenience and easy access to Walnut Creek, Berkeley, and San Francisco. Foodies indulging in downtown Lafayette’s diverse dining and retail find this a captivating, high-barrier market for long-term investment EMAIL INFO@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND TOUR INFORMATION

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

28

CAP RATE

4.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SHOWING TUES 9/22-EMAIL TO RSVP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

MRA, Lafayette

APN/PARCEL ID

243-070-007-6

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-926-8771

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Steven PinzaPinza GroupMore Info
510-926-8771

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