California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
More Affordable Multifamily Proposed for Tenderloin
More affordable multifamily housing is being proposed for the Tenderloin neighborhood. Mosser Capital Management is looking to build a new 11-story apartment building in the area at a cost of $21 million.
The project, on a current parking lot, would have 70 rental units totaling just over 48,000 square feet. It would also have room for a small retail space. Mosser already owns a 112-unit building next door.
Units would be about 350 square feet and exact pricing has not been determined yet by the firm. The facility would be considered group housing. Individual apartments in these development don’t usually have full kitchens, but often offer common areas for dining and socializing.
- ◦Development
Apartment buildings for sale
Check out the latest properties available on apartmentbuildings.com
3111 W Ramona
Alhambra, CACalifornia & West + Apartment Buildings
Learn MoreListing Status: Available Price: $3,700,000 No. of Units: 13 Cap Rate: 4.51 GRM/GIM: 12.89 Average Occupancy: 97 Year Built: 1954 Building Size: 11778 Sq ft Lot Size: 11253 Acres No. of Stories: 2 APN: 5352-013-007 Zoning Code: ALRPD No. of Parking Spots: 11 Opportunity Zone: No Buy Side Fee: $3 Price per unit: $284,615 Element Apartment Homes
Sunnyvale, CACalifornia & West + Apartment Buildings
Learn MoreListing Status: Available Price: $12,400,000 No. of Units: 26 Cap Rate: 4.71 GRM/GIM: 13.93 Year Built: 1963 Building Size: 19230 Sq ft Lot Size: 0.84 Acres No. of Stories: 2 APN: 161-17-013 No. of Parking Spots: 38 Opportunity Zone: No Price per unit: $476,923
