Property Details
About this Property
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.
MLS Listing Information
MLS #
ME223093447
MLS Source
MetroList Services, Inc.
Interior Features
Appliances
Dishwasher, Oven - Electric
Flooring
Carpet, Vinyl
Cooling
Ceiling Fan, Central Forced Air
Heating
Central Forced Air
Exterior Features
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Carport, Carport(s) - Awning, Covered Parking, Garage: 0 Car(s)
Elementary District
Lodi Unified
High School District
Lodi Unified
HOA Fee
$0
Complex Amenities
Community Security Gate
Zoning
RMD - Medium Density Resi
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 6 | 31 | 31 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 940 | 2 | 1/0 | $1,135 | – | – |
| 2 | 1,200 | 2 | 2/0 | $1,270 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
350 S Ham Lane is a Residential Income in Lodi, CA 95242. This 29,920 square foot property sits on a 1.63 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,925,000 and was built in 1965. This address can also be written as 350 S Ham Lane, Lodi, CA 95242.
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This listing information is up-to-date as of February 26, 2025. For the most current information, please contact Andrew Hodgson, (209) 401-9085
