Multi-Family Residential
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APH is seeking sites to acquire for Multi-Family Residential development and investment opportunities. For Multi-Family Residential projects, we’re looking for well located buildings that are not newly constructed and have some operational challenges.
CRITERIA FOR ACQUISITIONS
- Well located sites within maintained and established neighborhoods. We believe the land is the most important element as it is much harder to modify than an existing building
- Market segment consists of core working class and up. We are not interested in blighted neighborhoods or “slumlord” projects.
- Targeted project size can range from 4 units to 150 units. Smaller projects should be located in the more desirable neighborhoods.
- Raw land for development should be 2-7 acres in the core markets, or in primary path of growth location.
- Zoning must allow for multi-family use prior to the close of escrow.
SUCCESS PROJECTS
vine fullerton apartments
Fullerton, ca
A Multi-Family Residential property where our partners invested in and acquired the existing building in a core infill market and made interior and exterior renovations.
Vintage crossings
Anaheim, ca
We acquired two existing industrial buildings, which were re-entitled into an affordable for-rent Multi-Family Residential project.
sierra park
riverside, CA
We acquired three parcels with existing homes that were re-entitled into a new gated community of 52 single-family detached lots that was sold to a public home builder.
La Paz & Las Palmas Apartments
Riverside, CA
An investment in an existing Multi-Family Residential apartment complex in a core market to implement extensive interior and exterior renovations to increase marketability.