12-Unit Apartment
For Sale
$1,800,000
1428 S California Ave, Loveland, CO 80537
One-bedroom apartments are complemented by detached garages and access to Loveland employers, retail, and recreation.
Property Size7,076 SF
Days on Market89
Property Features for 1428 S California Ave
General Information
Standard status
Active
Size
7,076 SF
Property subtype
Multifamily
Occupancy
95%
Additional Details
Multifamily Units
12
Amenities
A fully occupied 12-unit apartment community offering dependable day-one income from a proven, well-performing asset.
Existing rents provide investors with the opportunity to increase cash flow over time through natural tenant turnover while benefiting from strong occupancy and limited operational risk.
Twelve detached garages provide an additional revenue stream while offering a highly desirable amenity that supports tenant retention and long-term demand.
The property's well-designed one-bedroom units appeal to a broad renter base seeking quality, attainable housing in one of Northern Colorado's strongest rental markets.
Conveniently located near Downtown Loveland, Highway 34, and US-287, the property offers residents easy access to major employers, retail centers, restaurants, grocery stores, and the recreational amenities that continue to attract renters to Northern Colorado.
Extensive recent improvements and a well-maintained physical plant position the property as an attractive investment for buyers seeking stable ownership with limited near-term capital needs.
Building Details
Building Size
7,076 SF
Units
12
Listing Agency:
Denver Office
Listed By:
David Bomgaars · License #License(s): CO: FA100104456
(303) 328-2069
Source:
Marcusmillichap
Added: Jul 19
Changed: Oct 12
Last Checked: Oct 14 at 7:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Denver Office
Investment Insights
Based on property information with market context.
This 12-unit multifamily property in Loveland, Colorado, features a one-bedroom unit mix and detached garages that provide an additional property component. The asset is positioned as an apartment community serving the local rental market.
The property is located at 1428 S California Ave in Loveland, with access to major employers, retail amenities, and recreational opportunities in the surrounding area.
The property is located at 1428 S California Ave in Loveland, with access to major employers, retail amenities, and recreational opportunities in the surrounding area.
Key Highlights
- 12‑unit multifamily property in Loveland, Colorado
- One‑bedroom apartment unit mix
- Detached garages provide an additional property component
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,346
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,920
$1.3M
Cap Rate 7%
$962,086
$962.1K
Cap Rate 9%
$748,289
$748.3K
Market Conditions
NOI Build-Up for 7,076 SF
Gross rent
$128.2K $18.12/SF
− Vacancy
−$5.8K −$0.82/SF
EGI
$122.4K $17.30/SF
− OpEx
−$55.1K −$7.79/SF
NOI
$67.3K $9.52/SF
Area
Larimer County, CO
Vacancy
4.50%
Lease Rate
$18.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,346,920
Cap Rate 7%
$962,086
Cap Rate 9%
$748,289
Alternative Uses
Best Use
Apartment 5plus
$962.1K
$841.8K – $1.12M
NOI $67,346 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $132,952 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Explore this area
Business Placement
Demographics for 80537, CO
43,603
Population
20,314
Households
2.1
Avg Household Size
44
Median Age
37%
College-Educated
95%
High-School Grad
122.4 sq mi
ZIP Area
356
Density / Sq Mi
$83,746
Median Household Income
$44,448
Median Earnings
$1,630
Median Rent
$460,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - One-bedroom apartments are complemented by detached garages and access to Loveland employers, retail, and recreation.
Where is this apartment building located?
The property is located at 1428 S California Ave Loveland, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 12‑unit multifamily property in Loveland, Colorado; One‑bedroom apartment unit mix; Detached garages provide an additional property component
