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Listed by Robert Johnston • Marcus & Millichap
$11,500,000
Est. payment /mo
21,889 SqFt
New
434 Junction AVE Livermore, CA 94551
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Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 21,889 sqft
Price per Sqft $525
MLS Listing ID ML82013983
Year Built 1957
Lot Size 1.119 Acres
Property Sub-Type Five or More Units
Property Description
Royal Gardens Apartments is a prime 46-unit apartment community located at 434 Junction Ave in the thriving city of Livermore, CA. Situated on a 1.12 acre parcel of land, the subject property was originally constructed in 1957 and has a gross building area of approximately 21,889 sq ft, offering tenants spacious two-bedroom and one-bedroom floor plans. The property features tenant amenities such as on-site laundry, private parking, a swimming pool, and a pet-friendly community courtyard. The property has undergone significant capital improvements amounting to roughly $800K over the last 13 years, including new appliances, water heaters, flooring, electrical, plumbing, and improvements to the pool. The City of Livermore is located just west of the highly traversed Altamont Pass, connecting California's Central Valley region to the San Francisco Bay Area. Situated in the heart of the East Bay, the city boasts a rich tapestry of vineyards, rolling hills, and vibrant community spirit. Beyond its scenic beauty, tenants also enjoy close proximity to Livermore's eclectic downtown district, known for its wide array of high-end shopping, dining, and entertainment options. The investment appeal of this asset is driven by Livermore's low vacancy levels and strong employment fundamentals.
Location
State CA
County Alameda
Area Livermore
Zoning RM
Interior
Heating Wall Furnace
Cooling Other
Exterior
Parking Features On Street, Uncovered Parking
Pool Pool - In Ground
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Flat / Low Pitch
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 098-0264-001-10
Security Features None
Special Listing Condition Not Applicable
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