Investment Overview

Royal Gardens Apartments is a prime 46-unit apartment community located at 434 Junction Ave in the thriving city of Livermore, CA. Situated on a 1.12 acre parcel of land, the subject property was originally constructed in 1957 and has a gross building area of approximately 21,889 square feet, offering its tenants spacious two-bedroom and one-bedroom floor plans. The subject property also features convenient tenant amenities such as on-site laundry, private parking, a swimming pool, and a pet-friendly community courtyard. Royal Gardens Apartments has undergone significant capital improvements amounting to roughly $800K over the last 13 years. Improvements include new appliances, water heaters, flooring, electrical, plumbing, and improvements to the pool. The City of Livermore is located just west of the highly traversed Altamont Pass, connecting California's Central Valley region to the San Francisco Bay Area. Situated in the heart of the East Bay, the city boasts a rich tapestry of vineyards, rolling hills, and vibrant community spirit. Beyond its scenic beauty, Livermore's cultural scene is filled with art galleries, music festivals, and a thriving culinary landscape. Tenants also enjoy close proximity to Livermore's eclectic downtown district, known for its wide array of high-end shopping, dining, and entertainment options. The investment appeal of this asset is driven by Livermore's low vacancy levels and strong employment fundamentals. With a world-class location in the heart of the East Bay, Royal Gardens Apartments presents an attractive choice for investors due to its proximity to major transportation corridors and proximity to high-end shopping, dining, and entertainment options.