Allure at 2920 2920 Healthcare Way 100 Unit Apartment Building For Sale Modesto, CA 95356

Allure at 2920 is a premier 100-unit Class A multifamily community located at 2920 Healthcare Way in Modesto, California. Built in 2020, the property features a well-balanced
unit mix consisting of 12 studio units, 48 one-bedroom units, and 40 two-bedroom units, catering to a broad tenant base that includes healthcare professionals, young professionals, and long-term residents seeking high-quality housing in one of Modesto's most desirable residential corridors. Constructed with modern materials, contemporary oorplans, and an attractive amenity package, Allure offers residents an elevated living experience while providing ownership with the benets of a newer-vintage asset, including reduced maintenance requirements, lower capital expenditure exposure, and improved operational efciency compared to older multifamily properties.
A signicant investment advantage is the property's exemption from California's statewide rent control legislation (AB 1482) due to its 2020 construction. This exemption provides ownership with maximum operational exibility and the ability to adjust rents in response to market conditions without statutory rent growth limitations, creating a clear path to capture additional revenue and enhance long-term asset value. Strategically located adjacent to Kaiser Permanente Medical Center and Modesto's expanding healthcare corridor, Allure benets from one of the region's strongest and most stable employment drivers. The property's proximity to major medical facilities, retail amenities, educational institutions, and transportation corridors creates sustained rental demand from healthcare workers, professionals, and local residents seeking quality housing
close to employment centers. Population growth and continued commercial construction nearby will continue to attract more and more demand for quality housing like Allure at 2920. Combined with its modern construction, strong demographic prole, institutional-quality design, and favorable regulatory positioning, Allure at 2920 represents a rare opportunity to acquire one of the Central Valley's premier multifamily investment assets