Sold
350 S Ham Lane
Lodi CA, 95242
$5,925,000
Sold
4 Beds
3 Baths
Multi-family
Built in 1965
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.
223093447
MLSⓇ ID
April 25, 2024
Updated
Map
350 S Ham Lane
Lodi CA, 95242
Interior Features
Total Stories
2
Bedrooms
4 Beds
Bathrooms
3 Baths
Interior Features
Carpet, Vinyl
Appliances
Dishwasher, Electric Oven, Gas Water Heater
Floor Description
Carpet, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s), Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
1.63 Acres
School Information
School District
Lodi Unified
Other Property Details
Area Name
20901
Garage
No
Parking Total
36
View
No
County
San Joaquin
Pool
No
Zoning
RMD - Medium Density Residential
Buyer Agency Compensation
1%
Courtesy of Colliers Parrish Intenational Inc., Andrew Hodgson,
Listing Contact:
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