Sold for $6,150,000 in March, 2019

Investment Overview

The Garden Court Apartments are conveniently located in one of the most sought after Central Coast markets in California. Its close proximity to local military and hospitality employers ensures high occupancy with steady demand from renters. Tenants benefit from dedicated covered parking, a common courtyard area and on-site laundry facilities. Due to limited supply of apartment assets in the area, the property offers investors a rare opportunity to purchase a value-add asset with considerable upside potential in net operating income.