Investment Overview

Pleased to present this garden-style 10-unit apartment property located on the western side of City Heights, just a few blocks from Interstate 15. The property offers an excellent Walk Score of 88/100 and is conveniently situated near numerous grocery stores, restaurants, and several nearby elementary, middle, and high schools. City Heights continues to improve year-over-year in both overall property conditions and tenant quality, making this a strong “bread and butter” investment with reliable cash flow potential. The property has been well maintained over the years by a reputable property management company and features a unit mix of seven 1BR/1BA and three 2BR/1BA units. Comparable units in the area are currently achieving rents approximately 10% higher, providing additional upside. Significant capital improvements have been completed, including main and subpanel electrical replacements for insurance, a roof approximately seven years old, and the recent replacement of more than half of the water heaters. SB 721 work has been completed, with a passing inspection report available following final inspection scheduled for next week. Approximately half of the units have been renovated with upgraded cabinetry and countertops, while all units feature durable tile flooring throughout.