The Mogharebi Group | Multifamily Investment Advisory

Property Summary

Price	Call for Details
Units	152
Year Built	1985
Lot Size Acres	6.85
Parking Ratio	1.51

Investment Highlights

Well-Maintained Property With Immediate Upside
Attractive Assumable Financing
Desirable Unit Mix With Large Floorplans
Strong Central Valley Market Fundamentals
Easy Access to Area Freeways
High Occupancy with Strong Cash Flow

Property Description

The Mogharebi Group is pleased to present the opportunity to acquire Laurel Glen, a 152-unit multifamily community located at 574 Button Avenue in Manteca, California. Built in 1985, this well-maintained asset is comprised of an attractive mix of one- and two-bedroom floorplans averaging 759 square feet. Amenities include a fitness center, pool, spa, in-unit washers / dryers, large covered porches, and upgraded fixtures and finishes. Additionally, Laurel Glen has undergone recent renovations providing the potential for immediate upside in unrenovated units. The property is currently offered with attractive assumable in-place financing at a rate of 4.18%.

574 Button Avenue
Manteca, CA 95336

Situated along Button Avenue, residents are in close proximity to an array of daily grocery, shopping, dining, and conveniences found along the Highway 120 commercial corridor including Food For Less, Target, and Home Depot.