Briarwood Apartments 3819 East Ave 64 Unit Apartment Building $28,476,769 CAD ($444,950 CAD/Unit) 5.82% Cap Rate Livermore, CA 94550

Briarwood Apartments is a stunning 64-unit apartment community located at 3819 East Ave in the thriving city of Livermore, CA.
Situated on a large 3.03 acre parcel of land, the subject property was originally constructed in 1961 and has a gross building area of approximately 50,700 square feet, offering its tenants spacious three-bedroom and two-bedroom floor plans. The subject property also features convenient tenant amenities such as on-site laundry, controlled access private parking, and a community swimming pool.
Briarwood Apartments has undergone significant capital improvements amounting to over $2.3M+ in the last 13 years. Improvements include new appliances, water heaters, flooring, electrical, plumbing, and improvements to the pool.
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, Briarwood 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.