1428 S California Ave
Multifamily | 6.90% CAP | 12 Units
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire 1428 S California Avenue, a 12-unit multifamily community located in Loveland, Colorado. The property offers investors stable in-place cash flow from a well-maintained asset with an attractive one-bedroom unit mix and additional income generated through detached garages. Offering modest operational upside through continued rent growth while requiring limited day-to-day management, the asset is well positioned for investors seeking dependable current income with long-term appreciation potential. Situated in one of Northern Colorado's most desirable rental markets, 1428 S California Avenue benefits from convenient access to major employers, retail amenities, and the recreational opportunities that continue to drive demand throughout Loveland.
Investment highlights
- A fully occupied 12-unit apartment community offering dependable day-one income from a proven, well-performing asset.
- Recent ownership has completed extensive property improvements, including a new roof, gutters, siding, exterior paint, walkways, railings, landscaping, parking lot striping, select garage doors, and numerous renovated apartment interiors, substantially reducing near-term capital expenditure requirements.
- Existing rents provide investors with the opportunity to increase cash flow over time through natural tenant turnover while benefiting from strong occupancy and limited operational risk.
- Twelve detached garages provide an additional revenue stream while offering a highly desirable amenity that supports tenant retention and long-term demand.
- The property's well-designed one-bedroom units appeal to a broad renter base seeking quality, attainable housing in one of Northern Colorado's strongest rental markets.
- Conveniently located near Downtown Loveland, Highway 34, and US-287, the property offers residents easy access to major employers, retail centers, restaurants, grocery stores, and the recreational amenities that continue to attract renters to Northern Colorado.
- Extensive recent improvements and a well-maintained physical plant position the property as an attractive investment for buyers seeking stable ownership with limited near-term capital needs.
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