San Miguel Apartments 505 11th St Immeuble residentiel 5 lots 1 224 671 € (244 934 €/Lot) Taux de capitalisation 4,30 % San Miguel, CA 93451

Built in 2008, the property shines with pride of ownership—from the sharp curb appeal and newer exterior paint to the solid roof and updated HVAC units. First impressions matter, and this one delivers—whether you’re an investor touring the site or a prospective tenant pulling up for the first time.
Inside, the units continue to impress with upgraded finishes like custom wood cabinetry, modern countertops, and sleek kitchen and bath appliances. Each unit also includes in-unit laundry with stackable washer/dryers, a tenant favorite that adds everyday convenience. With everything in place and in excellent condition, maintenance needs are expected to be minimal, supporting long term operational efficiency and strong returns.
What makes this offering even more compelling is the seller’s financing: 80% leverage, 5% interest-only payments, and a term of five years or more. In a high rate environment, these terms offer significant value and flexibility compared to today’s traditional lender options—providing a near “nothing down” opportunity with room for future appreciation.
While initial cash flow is moderate due to high leverage, rent growth potential is built in. Under AB 1482, annual increases are allowed, and with three units on month-to-month leases, an incoming investor can explore near-term adjustments to enhance yield. For those seeking a turnkey property with upside and standout terms, this is a rare find.