$20,880,000

Lake View Park Apartments is a well-maintained, garden-style community totaling 72 apartment homes on 2.62 acres in Santee, California. The unit mix is comprised of one and two-bedroom floor plans. Community amenities include a swimming pool, spa, common-area laundry facilities, outdoor seating and barbecue areas and beautiful landscaped grounds. The property provides ample on-site parking with 106 total spaces. The asset has been thoughtfully cared for, with approximately 26 units renovated to varying finish levels including 10-units with new washer/dryer hook-ups with a proven rent premium. Additionally, a strategic interior and exterior renovation program offers the potential to further enhance rents and improve overall operating performance. Lake View Park Apartments is ideally positioned in the heart of Santee, with Santee Lakes Recreation Preserve located just a short walk from the property. The 190-acre recreation destination features seven lakes, walking trails, fishing, boating, picnic areas and seven playgrounds, including a splash pad, providing residents with an exceptional range of outdoor recreational amenities within close proximity. The property also benefits from convenient access to shopping, dining and everyday services throughout Santee, as well as Interstate 8 and State Route 52, providing connectivity to major employment centers throughout East County and the greater San Diego region. This combination of nearby recreation, established residential neighborhoods and convenient regional access creates an attractive setting for residents.