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Avenue West Apartments 1301 W Lodi Ave 26 Unit Apartment Building $8,253,297 CAD ($317,435 CAD/Unit) 5.89% Cap Rate Lodi, CA 95242
Investment Highlights
- Offered at a 5.89% cap rate, The Avenue West Apartments features 26 spacious 2-bedroom/1-bathroom units.
- Strong rental fundamentals, desirable quality of life, and proximity to the region's renowned wine country.
- Convenient West Lodi location with quick access to Highway 99, Downtown Lodi, Lodi Lake Park, shopping, dining, schools & more.
Executive Summary
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 5.89% cap rate with significant rental upside, the property consists entirely of spacious 2-Bedroom/1-Bathroom apartment homes, providing a highly desirable unit mix that appeals to families, roommates, and long-term renters. Recent capital improvements include dual-pane windows, multiple HVAC replacements, renovated units, sealed parking areas, and the implementation of a utility cost reimbursement program, reducing future capital needs and supporting long term cash flow.
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’s renowned wine country with more than 85 wineries. Residents benefit from nearby grocery stores, restaurants, retail centers, schools, and other everyday conveniences, with many amenities within walking distance. Combined with Lodi’s strong rental demand and small-town charm, The Avenue West Apartments presents an attractive investment opportunity in one of the Central Valley’s most desirable multifamily markets.
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’s renowned wine country with more than 85 wineries. Residents benefit from nearby grocery stores, restaurants, retail centers, schools, and other everyday conveniences, with many amenities within walking distance. Combined with Lodi’s strong rental demand and small-town charm, The Avenue West Apartments presents an attractive investment opportunity in one of the Central Valley’s most desirable multifamily markets.
Property Facts
| Price | $8,253,297 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $317,435 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.74 AC |
| Cap Rate | 5.89% | Building Size | 23,828 SF |
| Gross Rent Multiplier | 11.46 | Average Occupancy | 92% |
| No. Units | 26 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 0.42/1,000 SF |
| Zoning | R-GA - Lodi Residential | ||
| Price | $8,253,297 CAD |
| Price Per Unit | $317,435 CAD |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| Gross Rent Multiplier | 11.46 |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.74 AC |
| Building Size | 23,828 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 0.42/1,000 SF |
| Zoning | R-GA - Lodi Residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 26 | - | 870 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 035-380-09 | Improvements Assessment | $5,202,970 CAD |
| Land Assessment | $1,761,381 CAD | Total Assessment | $6,964,351 CAD |
Property Taxes
Parcel Number
035-380-09
Land Assessment
$1,761,381 CAD
Improvements Assessment
$5,202,970 CAD
Total Assessment
$6,964,351 CAD
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Avenue West Apartments | 1301 W Lodi Ave
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