Garden-Style Apartment
750 NE 195th St Miami, FL 33179
750 NE 195th St, Miami, FL, 33179
$11,000,000
For Sale
$11,000,000
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 Market72
Property Features for 750 NE 195th St
General Information
- Standard status
- Active
- Size
- 54,006 SF
- Lot size
- 2.85 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing agency
MSP GROUP, LLC
Listed by
DEMOSTHENES MEKRAS PA · License #A12016834
Source
Corcoran
Added: May 11 Updated: Jul 21 at 3:04AM Checked: Jul 21 at 3:04AM
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
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
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.94M | $36.00 |
| − Vacancy | −$130.3k | −$2.41 |
| EGI | $1.81M | $33.59 |
| − OpEx | −$816.3k | −$15.11 |
| NOI | $997.7k | $18.47 |
54,006 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
LfJewelry and accessories corp
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
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
