Price Improvement | 6.01% Cap | 26 Units | Desirable Lodi Location

The Avenue West Apartments is a 26-unit multifamily community located at 1301 W. Lodi Avenue in one of Lodi's most established residential neighborhoods. Offered at a 6.01% cap rate with substantial rental upside potential, the property consists entirely of spacious 2-Bedroom / 1-Bathroom apartment homes, providing a desirable unit mix that appeals to families, roommates, and long-term renters. Recent capital improvements include dual-pane windows, HVAC replacements, renovated units, sealed parking areas, and the implementation of a utility reimbursement program, helping reduce future capital expenditures while supporting long-term cash flow. In-place rents remain well below projected market levels, presenting investors with a compelling value-add opportunity.

Ideally positioned on Lodi's West Side, the property offers convenient access to Highway 99, Downtown Lodi, Lodi Lake Park, Adventist Health Lodi Memorial Hospital, and Lodi Wine Country, home to more than 85 wineries. Residents benefit from nearby shopping, dining, schools, and everyday conveniences, many within walking distance. Supported by strong rental demand and Lodi's attractive quality of life, The Avenue West Apartments presents an excellent investment opportunity in one of the Central Valley's most desirable multifamily markets.