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350 S Ham Lane, Lodi, CA 95242
$5,925,000
350 S Ham Lane, Lodi, CA 95242View this property at 350 S Ham Lane, Lodi, CA 95242
350 S Ham LaneLodiCA95242
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Property Description
We are pleased to present the La Espana Apartments, a thirty-one (31) unit apartment complex located at 350 S. Ham Lane in Lodi, California. The property provides an investor a unique opportunity to own an apartment complex in a high barrier to entry market, with below market rents, and a clear path to a higher return through loss to lease recovery. Built in 1965, the apartment complex is comprised of three (3), two-bedroom / two-bathroom units that are each approximately 1,200 SF, and twenty-eight (28), two-bedroom / one-bathroom units, each approximately 940 SF. Downstairs units have large, outdoor patios and five of the units feature vaulted ceilings. The apartment grounds offer residents secured assigned parking, professionally maintained grounds with large, landscaped community areas, storage, and two on-site laundry rooms. In addition to the amenities listed above, a new owner may increase revenue by instituting a utility reimbursement and fee program for storage and excess parking. Seller financing available.
Full Property Details
Full Property Details for 350 S Ham Ln
General
- Sold For: $5,925,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 223093447
- Added to Site: 243 day(s) ago
Interior
- Appliances: Gas Water Heater, Dishwasher, Free Standing Electric Oven
- Flooring: Carpet, Vinyl
Rooms
Other Rooms
- Laundry: In Common Area
Additional Information
- Security/Safety: Security Gate, See Remarks
Parking
- Parking Features: Carport, Covered
- Parking: Carport, Covered
Location
- County: San Joaquin
- Cross Streets: Lodi Avenue
- Driving Directions: Take exit 264B on HWY 99 and head West on Kettleman Lane (HWY 12). Turn right on Ham Lane and head north until you reach the property. The property will be on your right.
School Information
- School District: San Joaquin
- Elementary School: Lodi Unified
- Middle School: Lodi Unified
- High School: Lodi Unified
Heating & Cooling
- Cooling Type: Ceiling Fan(s), Central
- Heating Type: Central
Structural Information
- Construction: Stucco, Wood
- Stories/Levels: 2
- Year Built: 1965
Unit Information
Unit 1
- Square Feet: 940
- Bedrooms: 2
Unit 2
- Square Feet: 1200
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 1.63
- Lot Size (Sq. Ft.): 71,003
- Zoning: RMD - Medium Density Residential
Financial Considerations
- Price Per Sq. Ft.: $198.03
- Price Per Acre: $3,634,969.33
- Terms: See Remarks
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1%
Listed by Colliers Parrish Intenational Inc.
Sold by Colliers Parrish Inten'l Inc.
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Schools
Schools serving 350 S Ham Ln
School District:Lodi Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1600 W Tokay St, Lodi, CA 95242 | K-6 | 0.4 mi | |
233 N Mills Ave, Lodi, CA 95242 | 7-8 | 0.9 mi | |
3 S Pacific Ave, Lodi, CA 95242 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 350 S Ham Ln
Date
Details
Price
Change
Source
11/27/2023
Sold
$5,925,000
-3.19%
MLS
9/25/2023
Listed
$6,120,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
350 S Ham Lane, Lodi, CA 95242 (MLS# 223093447) is a Multi-Family property that was sold at $5,925,000 on November 27, 2023. Want to learn more about 350 S Ham Lane? Do you have questions about finding other Multi-Family real estate for sale in Lodi? You can browse all Lodi real estate or contact a Coldwell Banker agent to request more information.