Investment Overview

The DeLoney Group of Marcus & Millichap has been retained as exclusive agent to offer fee simple interest in Quail Oaks Apartments to the marketplace. The charming 31-unit apartment community is located in the heart of Yuba City, California. The 1990 built property has a diverse unit mix of studios, one bedroom, and two bedroom units. Each unit faces inward towards an inviting central courtyard with established trees and shrubs. The property is a short walk down the street to April Lane Elementary School and Gray Avenue Christian Church. Residents also enjoy easy access to Feather Downs Shopping Center, which includes national retailers such as CVS, Starbucks, Bel Air Supermarket, along with several other shopping and entertainment. The market overall has greatly benefited from the recent construction of Hard Rock Casino, Rideout Hospital, and nearby proximity of Beale Air Force Base. Having been built in 1990, the property features insurable panels, plumbing, and wiring. Pre 1980’s built buildings continue to be very challenging as the state of California deals with it’s current insurance crises, making Quail Oaks very desirable from a cost perspective. Quail Oaks Apartments is a unique opportunity to purchase a stable, performing asset with income upside. The Greater Sacramento Area is widely regarded to see better rent growth than most major metros in the nation in 2024 due to the continued supply / demand imbalance, and Quail Oaks Apartments is well-poised to build from and continue the trend. Please do not disturb the management. All tours must be scheduled through the listing agent.