Investment Overview

Marcus & Millichap is pleased to present Heritage Park at Taft Apartments, a 61-unit senior housing community located in Taft, California. Built in 1998, this well-maintained asset offers investors the opportunity to acquire a stabilized, income-restricted property serving a critical and growing senior demographic. Heritage Park at Taft Apartments, a single story community, consists of a diverse unit mix, including 33 one-bedroom units restricted at 40% of Area Median Income (AMI), 12 one-bedroom units at 50% AMI, and 3 one-bedroom units at 60% AMI. The property also features 3 two-bedroom units at 40% AMI, 5 two-bedroom units at 50% AMI, and 4 two-bedroom units at 60% AMI, in addition to one employee unit. This range of affordability levels allows the property to serve a broad spectrum of low-income senior residents while supporting stable occupancy and consistent demand. Designed specifically for senior living, the community offers a strong amenity package that includes a community center with tables and seating, a full kitchen, a commercial laundry room, an on-site manager’s office, and a swimming pool. Each unit is equipped with an emergency pull-cord system that contacts 911, providing an added layer of safety and security for residents. Taft and the greater Kern County area continue to experience demand for affordable senior housing due to an aging population, limited new affordable housing development, and the need for quality, service-enriched housing options for low-income seniors. Heritage Park at Taft Apartments is well-positioned to continue serving this essential housing need while providing reliable, long-term tenancy and stable operations.