Property Details
About this Property
For the first time in thirty years this professionally managed apartment complex is being offered for sale. Rare opportunity to acquire a turn-key collection of sixteen units in Ashland CA. Two separate buildings with eight duplex style units in each building. Seven townhome style units featuring huge +/- 936 SF two bedroom one bath units, eight single story units featuring spacious +/- 825 SF two bed one bath units, and a monster single townhome style unit boasting +/- 1,236 SF three bedroom two bath unit. Each unit comes with its own carport, washer/dryer (in unit laundry room) and large fenced backyard. Currently and consistently 100% occupied, the average tenancy at Pine Grove Apartments is 14.6 years, with seven of the sixteen tenants having over 15 years, and three having over 30 years. As a testament to its desirability, one of the current tenants has resided since 1978. Historically this property has had very high occupancy and very low turnover. Immediate upside available through the implementation of RUBS for water usage. Future upside available through annual rental increases as the current rents are as low as much as 29% below market.
MLS Listing Information
MLS #
ME225134407
MLS Source
MetroList Services, Inc.
Days on Site
18
Interior Features
Appliances
Microwave
Flooring
Vinyl, Wood
Cooling
Other
Heating
Other
Exterior Features
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Attached Garage, Carport, Carport(s) - Awning, Covered Parking, Garage: 0 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Complex Amenities
Community Security Gate
Zoning
Medium-High
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 16 | 16 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 936 | 2 | 1/0 | $2,584 | – | – |
| 2 | 825 | 2 | 1/0 | $2,520 | – | – |
| 3 | 1,238 | 3 | 2/0 | $2,740 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
16277 Ashland Ave is a Residential Income in San Lorenzo, CA 94580. This 0 square foot property sits on a 0.973 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,250,000 and was built in –. This address can also be written as 16277 Ashland Ave, San Lorenzo, CA 94580.
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This listing information is up-to-date as of October 17, 2025. For the most current information, please contact Joy Deliddo, (209) 719-9626
