Investment Overview

Marcus & Millichap has been retained as the exclusive agent to offer free simple interest in Whyler Apartments, a family legacy asset garden-style apartment community located in Yuba City, California. Whyler Apartments was originally constructed in 1979 and consists of 15 two-bedroom/one-bathroom units with approximately 880 rentable square feet and a single one-bedroom/one-bathroom floor plan with approximately 500 rentable square feet. The offering provides an opportunity to purchase a well-located property with a significant value-added component. Average rent at the property is approximately 19% below market. Additionally, there is a laundry room on site that is currently out of operation. In addition to the income earned from the reintroduction of laundry services for residents, a signing bonus with a 3rd party laundry vendor may also be available. Situated off the busy roads on a large lot, this quiet enclave also has space for the next owner to add an outdoor amenity space to further drive rents and resident retention. Residents enjoy easy access to Feather Downs Shopping Center and the Yuba Sutter Mall, which includes national retailers such as JC Penney, Sears, CVS, Starbucks, Raley’s Supermarket, along with several other shopping and entertainment venues. Yuba City has recently seen local employment growth due to the recently constructed Hard Rock Casino and Resort, Yuba City College, Beale Air Force Base as well as the expansion of Rideout Memorial Hospital. Yuba City is also a 45-minute drive from Sacramento on either Highway 65 or 70, and around two hours from the Greater Bay Area connecting to Interstate 80. All tours must be scheduled through the listing agents. Please do not disturb management or tenants.