Garden-Style Apartment
For Sale
$11,000,000
750 NE 195th St, Miami, FL 33179
Two-story concrete-block apartment community with studio through 2-bedroom loft layouts and on-site parking.
Property Size54,006 SF
Lot Size2.85 Acres
Price / SF$203.68
Days on Market166
Property Features for 750 NE 195th St
General Information
Standard status
Active
Size
54,006 SF
Total Parking Spaces
86
Lot size
2.85 Acres
Property subtype
Income/MultiFamily
Additional Details
Highway Access
Yes
Multifamily Units
64
Taxes and HOA fees
Annual Taxes
$111,221
Building Details
Building Size
54,006 SF
Year Built
1978
Stories
2
Tenancy
Multi
Listing Agency:
MSP Group, LLC
Listed By:
Demosthenes Mekras · License #0704134
(786) 671-0149
Source:
Vanessafrankmiami
Added: May 9
Changed: Oct 20
Last Checked: Oct 19 at 5:27PM
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 MSP Group, LLC
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Investment Insights
Based on property information with market context.
California Club Apartments is a 64-unit, two-story apartment community constructed in 1978. The property comprises a unit mix of 40 studios, 16 one-bedroom/one-bath lofts, 6 one-bedroom/2-bath units, and 1 two-bedroom/2-bath unit plus an additional 2-bedroom/2-bath loft. Built with concrete block and stucco finish, the building features pitched shingle roofs, well-lit interior corridors, and laundry rooms on each floor. Outdoor space is available, as every unit has either a private balcony or a terrace, and some units include vaulted ceilings. Residents also benefit from 86 on-site parking spaces and landscaped grounds.
The complex provides easy access to I-95 and Ives Dairy Road. A public park, Gordon Park (4.3 acres), is immediately next door and includes a tot-lot and dog park for tenant use. About one mile away, a shopping center includes Winn-Dixie and Dollar Tree. Aventura Isles, a gated community built about 10 years ago, is located across the lake.
For physical layout and materials, the offering is a concrete-block, stucco-finished, pitched-roof building with interior corridors, floor-by-floor laundry, and in-unit outdoor space across the full unit count.
The complex provides easy access to I-95 and Ives Dairy Road. A public park, Gordon Park (4.3 acres), is immediately next door and includes a tot-lot and dog park for tenant use. About one mile away, a shopping center includes Winn-Dixie and Dollar Tree. Aventura Isles, a gated community built about 10 years ago, is located across the lake.
For physical layout and materials, the offering is a concrete-block, stucco-finished, pitched-roof building with interior corridors, floor-by-floor laundry, and in-unit outdoor space across the full unit count.
Key Highlights
- 64‑unit California Club Apartments, 2‑story concrete‑block building built in 1978
- 54,006 gross SF and 36,840 net rentable SF on a 2.85‑acre parcel
- Unit mix: 40 studios, 16 1‑bed/1‑bath lofts, 6 1‑bed/2‑bath, and 1 each of 2‑bed/2‑bath and 2‑bed/2‑bath loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$997,674
Cap Rate
9.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,953,480
$20.0M
Cap Rate 7%
$14,252,486
$14.3M
Cap Rate 9%
$11,085,267
$11.1M
Market Conditions
NOI Build-Up for 54,006 SF
Gross rent
$1.94M $36.00/SF
− Vacancy
−$130.3K −$2.41/SF
EGI
$1.81M $33.59/SF
− OpEx
−$816.3K −$15.11/SF
NOI
$997.7K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,953,480
Cap Rate 7%
$14,252,486
Cap Rate 9%
$11,085,267
Alternative Uses
Best Use
Apartment 5plus
$14.25M
$12.47M – $16.63M
NOI $997,674 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$36.45M
$31.90M – $42.53M
NOI $2,551,808 @ 7.0% cap · market cap 23.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
64
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 33179, FL
48,088
Population
21,249
Households
2.3
Avg Household Size
41
Median Age
33%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
9,618
Density / Sq Mi
$61,526
Median Household Income
$37,555
Median Earnings
$1,736
Median Rent
$281,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story concrete-block apartment community with studio through 2-bedroom loft layouts and on-site parking.
Where is this apartment building located?
The property is located at 750 NE 195th St Miami, FL.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: 64‑unit California Club Apartments, 2‑story concrete‑block building built in 1978; 54,006 gross SF and 36,840 net rentable SF on a 2.85‑acre parcel; Unit mix: 40 studios, 16 1‑bed/1‑bath lofts, 6 1‑bed/2‑bath, and 1 each of 2‑bed/2‑bath and 2‑bed/2‑bath loft
