Coalinga Crossing Apartments
Multifamily | 40 Units | $98,750/unit
Marketing description
Coalinga Crossing Apartments is a 40-unit, garden-style community offering stable in-place income with clear upside in a supply-constrained Central Valley market. Built in 1985 and situated on 1.40 acres, the property features a highly desirable mix of one- and two-bedroom units across four two-story buildings.
Currently 97.5% occupied, the asset demonstrates strong tenant demand driven by a renter-heavy market and limited new construction. Several units remain below market rents, providing a new owner with a straightforward path to increased cash flow through natural turnover—without the need for significant capital improvements.
Conveniently located near schools, retail amenities, West Hills College, and major transportation corridors including Highway 198 and I-5, Coalinga Crossing is well-positioned to serve the area’s workforce and sustain long-term occupancy.
Offered at a 6.65% cap rate, the property delivers immediate yield with additional upside through operational efficiencies and rent growth.
Investment highlights
Value-Add Upside – Below-market rents with clear mark-to-market opportunity
Strong Cash Flow – 6.65% cap rate with $263K+ NOI and stable in-place income
High Occupancy – 97.5% occupied with proven tenant demand
Simple Unit Mix – 1BR / 2BR layout aligned with local renter demand
Efficient Layout – Four-building, garden-style community on 1.40 acres
Prime Local Access – Near schools, retail, West Hills College, and Highway 198/I-5
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