805 Dodson Way
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805 Dodson Way
11 Unit Block of Flats £3,250,695 (£295,518/Unit) 3.25% Net Initial Yield Arroyo Grande, CA 93420
Investment Highlights
- Minimal vacancy rates, superior location, refreshed stairs, new paint, updated fences, improved carports, high tenant demand
- A wealth of nearby amenities, including shopping, dining, and entertainment options
Executive Summary
Discover an unparalleled investment opportunity with this 11-unit apartment complex, ideally situated in the heart of Arroyo Grande. Just moments from the charming village, this property offers easy access to top-rated medical facilities, public transportation, schools, and the 101 freeway. Residents will enjoy a wealth of nearby amenities, including shopping, dining, and entertainment options. Plus, the Pacific Ocean and the renowned Oceano Dunes are only 3 miles away, offering endless recreational activities such as 4-wheeling, horseback riding, and sunbathing. This complex boasts an impressive track record with minimal vacancy rates, thanks to its superior location and recent upgrades, including refreshed stairs, new paint, updated fences, and improved carports. Whether you're looking to expand your investment portfolio or capitalize on a property with high tenant demand, this apartment complex presents an exceptional opportunity.
Data Room Click Here to Access
- Operating and Financials
- Miscellaneous
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £3,250,695 | Building Class | C |
| Price Per Unit | £295,518 | Lot Size | 0.51 AC |
| Sale Type | Investment | Building Size | 22,000 SF |
| Net Initial Yield | 3.25% | Average Occupancy | 10% |
| No. Units | 11 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1975 |
| Property Subtype | Apartment |
| Price | £3,250,695 |
| Price Per Unit | £295,518 |
| Sale Type | Investment |
| Net Initial Yield | 3.25% |
| No. Units | 11 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 22,000 SF |
| Average Occupancy | 10% |
| Number of Floors | 2 |
| Year Built | 1975 |
Amenities
- Smoke Detector
Unit Amenities
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Deck
- Linen Cupboard
- Patio
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 8 | £1,038 | - |
| 2+2 | 3 | £1,243 | - |
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Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 006-544-025 | Improvements Assessment | £642,796 (2024) |
| Land Assessment | £445,012 (2024) | Total Assessment | £1,087,809 (2024) |
PROPERTY TAXES
Parcel Number
006-544-025
Land Assessment
£445,012 (2024)
Improvements Assessment
£642,796 (2024)
Total Assessment
£1,087,809 (2024)
zoning
| Zoning Code | R3 (Residential) |
| R3 (Residential) |
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805 Dodson Way
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