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Alderwood Park 277 Junction Ave 45 Unit Apartment Building $19,975,616 CAD ($443,903 CAD/Unit) 6.02% Cap Rate Livermore, CA 94551
INVESTMENT HIGHLIGHTS
- Exceptional Livermore Investment Opportunity - centrally located in the City of Livermore within walking distance of the Downtown district.
- Convenient Tenant Amenities - convenient amenities such as in-unit laundry, controlled-access private parking and a pet-friendly community courtyard
- Extensive Capital Improvements - The subject property has undergone significant capital improvements amounting to over $600K over the last 13 years.
EXECUTIVE SUMMARY
Alderwood Park Apartments is an exceptional 45-unit apartment community located at 277 Junction Ave in the thriving city of Livermore, CA.
Situated on a 1.5 acre parcel of land, the subject property was originally constructed in 1985 and has a gross building area of approximately 29,110 square feet, offering its tenants spacious two-bedroom and one-bedroom floor plans. The subject property also features convenient tenant amenities such as in-unit laundry, controlled-access private parking, and a pet-friendly community courtyard.
Alderwood Park Apartments has undergone significant capital improvements amounting to over $600K over the last 13 years. Improvements include new appliances, water heaters, flooring, electrical, and plumbing.
The City of Livermore is located just west of the highly traversed Altamont Pass, connecting California's Central Valley region to the San Francisco Bay Area. Situated in the heart of the East Bay, the city boasts a rich tapestry of vineyards, rolling hills, and vibrant community spirit. Beyond its scenic beauty, Livermore's cultural scene is filled with art galleries, music festivals, and a thriving culinary landscape. Tenants also enjoy close proximity to Livermore's eclectic downtown district, known for its wide array of high-end shopping, dining, and entertainment options.
The investment appeal of this asset is driven by Livermore's low vacancy levels and strong employment fundamentals. With a world-class location in the heart of the East Bay, Alderwood Park Apartments presents an attractive choice for investors due to its proximity to major transportation corridors and proximity to high-end shopping, dining, and entertainment options.
Situated on a 1.5 acre parcel of land, the subject property was originally constructed in 1985 and has a gross building area of approximately 29,110 square feet, offering its tenants spacious two-bedroom and one-bedroom floor plans. The subject property also features convenient tenant amenities such as in-unit laundry, controlled-access private parking, and a pet-friendly community courtyard.
Alderwood Park Apartments has undergone significant capital improvements amounting to over $600K over the last 13 years. Improvements include new appliances, water heaters, flooring, electrical, and plumbing.
The City of Livermore is located just west of the highly traversed Altamont Pass, connecting California's Central Valley region to the San Francisco Bay Area. Situated in the heart of the East Bay, the city boasts a rich tapestry of vineyards, rolling hills, and vibrant community spirit. Beyond its scenic beauty, Livermore's cultural scene is filled with art galleries, music festivals, and a thriving culinary landscape. Tenants also enjoy close proximity to Livermore's eclectic downtown district, known for its wide array of high-end shopping, dining, and entertainment options.
The investment appeal of this asset is driven by Livermore's low vacancy levels and strong employment fundamentals. With a world-class location in the heart of the East Bay, Alderwood Park Apartments presents an attractive choice for investors due to its proximity to major transportation corridors and proximity to high-end shopping, dining, and entertainment options.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $19,975,616 CAD | Building Class | C |
| Price Per Unit | $443,903 CAD | Lot Size | 1.50 AC |
| Sale Type | Investment | Building Size | 38,748 SF |
| Cap Rate | 6.02% | Average Occupancy | 87% |
| Gross Rent Multiplier | 11.03 | No. Stories | 2 |
| No. Units | 45 | Year Built | 1985 |
| Property Type | Multifamily | Parking Ratio | 1.34/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | RM; Livermore | ||
| Price | $19,975,616 CAD |
| Price Per Unit | $443,903 CAD |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| Gross Rent Multiplier | 11.03 |
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.50 AC |
| Building Size | 38,748 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.34/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM; Livermore |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Controlled Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Package Service
- Storage Space
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 649 |
| 2+1 | 44 | - | 649 |
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 098-0260-003-13 | Total Assessment | $10,039,821 CAD (2025) |
| Land Assessment | $3,002,573 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $7,009,092 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
098-0260-003-13
Land Assessment
$3,002,573 CAD (2025)
Improvements Assessment
$7,009,092 CAD (2025)
Total Assessment
$10,039,821 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Alderwood Park | 277 Junction Ave
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