Blanton's Apartments
46299 Arabia St.,
Indio, CA 92201
88 Units | Excellent Unit Mix
$9,548,000
Purchase Price
7.13
GRM
$212,178
Price Per Unit
45
Number of Units
10.86%
Cap Rate
55,850
Building SF
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$9,548,000
Purchase Price
7.13
GRM
$212,178
Price Per Unit
45
Number of Units
10.86%
Cap Rate
55,850
Building SF
Investment Summary
Palm Court Apartments is a 150 unit multifamily property built in 1972. Camelot contains 1, 2, & 3 bedroom units. The property has had new roofs installed in the last 5 years. Stable occupancy and a stable income producing property.The College does not offer student housing and given the location of Heather Meadows.
Investment Highlights
Separate Electric Meters
Low Area Vacancy Rate of 4%
Excellent Unit Mix
Large Unit Sizes
Upside Rental Potential
Location Summary
The subject property is located in the highly desirable area in the Alamitos Beach area of Long Beach. One mile South of Pacific Coast Highway and just one mile North of the beach. Long Beach is a city situated in Los Angeles County in Southern California, on the Pacific coast of the United States. The city is the 36th-largest city in the nation and the seventh-largest in California. As of 2012, its population was 467,892. In addition, Long Beach is the second largest city within Greater Los Angeles Area, after Los Angeles, and a principal city of the Los Angeles-Long Beach-Santa Ana metropolitan area. The city is a dominant maritime center of the United States. The Port of Long Beach is the United States' second busiest container port and one of the world's largest shipping ports.
Palm Court Apartments is a 150 unit multifamily property built in 1972. Camelot contains 1, 2, & 3 bedroom units. The property has had new roofs installed in the last 5 years. Stable occupancy and a stable income producing property.The College does not offer student housing and given the location of Heather Meadows.
FOR MORE DETAILS CONTACT
Katherine Watkins
Vice President
(949) 378-7264
katherine.creop@gmail.com
01026528
Ted Ford
VP
(252) 555-2525
tedf@cbre.com
52112532
Richard Bird
Executive Managing Partner
(208) 497-5500
rbird@birdrealtyadvisors.com
0123217
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