434 Junction Avenue, Livermore, CA 94551

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.