16277 Ashland Avenue, San Lorenzo, CA 94580

For the first time in thirty years this professionally managed apartment complex is being offered for sale. Rare opportunity to acquire a turn-key collection of sixteen units in Ashland CA. Two separate buildings with eight duplex style units in each building. Seven townhome style units featuring huge +/- 936 SF two bedroom one bath units, eight single story units featuring spacious +/- 825 SF two bed one bath units, and a monster single townhome style unit boasting +/- 1,236 SF three bedroom two bath unit. Each unit comes with its own carport, washer/dryer (in unit laundry room) and large fenced backyard. Currently and consistently 100% occupied, the average tenancy at Pine Grove Apartments is 14.6 years, with seven of the sixteen tenants having over 15 years, and three having over 30 years. As a testament to its desirability, one of the current tenants has resided since 1978. Historically this property has had very high occupancy and very low turnover. Immediate … read more …