Sunrise Vista Apartments 755 E Virginia Way 156 Unit Apartment Building $20,531,850 CAD ($131,614 CAD/Unit) 5.18% Cap Rate Barstow, CA 92311

CBRE is pleased to present investors with the opportunity to acquire Sunrise Vista Apartments located at 755 E Virginia Way, Barstow, CA 92311. Built in 1986, this well maintained 156 unit property features (16) one-bedroom, one-bathroom units 780 SF, (68) two-bedroom, one-bathroom units 928 SF, and (72) two-bedroom, two-bathroom units 988 SF. The gated property offers covered and surface parking and includes modern amenities such as a sparkling pool and spa, on-site laundry facility and management. The complex is conveniently located near schools, shopping, dining and entertainment and is located just off the 15 FWY.
The Property contains 156 units that are a combination of 39 market rate units and 117 affordable housing units subject to affordable housing programs, including HOME Investment Partnerships Program Agreement, Neighborhood Stabilization Program (NSP) Agreement and Project-Based Vouchers (PBV). Any interested purchaser of the Property would have to take the Property subject to the requirements of these programs/covenants for no less than the remainder of their respective terms and address all applicable legal requirements of each program/covenant.
*Subject to HCD Approval.