Lodi, CA 95242,350 S Ham Lane
Lodi, CA 95242,350 S Ham Lane
Lodi, CA 95242,350 S Ham Lane
Lodi, CA 95242,350 S Ham Lane
Lodi, CA 95242,350 S Ham Lane
Lodi, CA 95242,350 S Ham Lane
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$5,925,000

$6,120,000

3.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

1.63 Acres Lot


SOLD DATE : 11/27/2023

Key Details

Sold Price $5,925,000

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 223093447

Sold Date 11/27/23

HOA Y/N No

Originating Board MLS Metrolist

Year Built 1965

Lot Size 1.630 Acres

Acres 1.63

Property Description

We are pleased to present the La Espana Apartments, a thirty-one (31) unit apartment complex located at 350 S. Ham Lane in Lodi, California. The property provides an investor a unique opportunity to own an apartment complex in a high barrier to entry market, with below market rents, and a clear path to a higher return through loss to lease recovery. Built in 1965, the apartment complex is comprised of three (3), two-bedroom / two-bathroom units that are each approximately 1,200 SF, and twenty-eight (28), two-bedroom / one-bathroom units, each approximately 940 SF. Downstairs units have large, outdoor patios and five of the units feature vaulted ceilings. The apartment grounds offer residents secured assigned parking, professionally maintained grounds with large, landscaped community areas, storage, and two on-site laundry rooms. In addition to the amenities listed above, a new owner may increase revenue by instituting a utility reimbursement and fee program for storage and excess parking. Seller financing available.

Location

State CA

County San Joaquin

Area 20901

Direction Take exit 264B on HWY 99 and head West on Kettleman Lane (HWY 12). Turn right on Ham Lane and head north until you reach the property. The property will be on your right.

Interior

Heating Central

Cooling Ceiling Fan(s), Central

Flooring Carpet, Vinyl

Appliance Gas Water Heater, Dishwasher, Free Standing Electric Oven

Laundry In Common Area

Exterior

Parking Features Carport, Covered

Utilities Available Cable Available, Natural Gas Connected, Electric, Internet Available

Water Access Desc Meter on Site

Total Parking Spaces 36

Building

Lot Description Garden

Story 2

Foundation Slab

Sewer See Remarks

Water Meter on Site

Schools

Elementary Schools Lodi Unified

Middle Schools Lodi Unified

High Schools Lodi Unified

School District San Joaquin

Others

Senior Community No

Tax ID 033-080-05

Special Listing Condition None

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MetroList® Services, Inc (RESO)
Listed by Colliers Parrish Intenational Inc.
Bought with Colliers Parrish Intenational Inc.
agent-avatar

+1(916) 531-7442

robyn@realtorrobyn.com

2012 Elvenden Way, Roseville, CA, 95661

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