MULTI-FAMILY BUILDING FOR SALE

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.