Windsor at Victoria Heights is located at 18600 Colima Rd. in Rowland Heights, CA. The community lies in the southern section of the San Gabriel Valley, just south of the Pomona freeway. The fully-amenitized garden style community offers a mix of one-bedroom and two-bedroom apartment homes, and the community also features a leasing center, community room, library, classroom, fitness center, pool and spa, and a built—in gas BBQ station. Unit amenities include central air and private patios or balconies.

A little further north and west in the Valley is Arbors at Arden Way. According to the team, it is the second largest residential community in El Monte, on the border of Temple City, Arbors boasts a low density mix of one and two bedroom units, all completely renovated and in excellent condition.

According to Norris, “This is a classic turnkey opportunity.” He adds that an investor can take advantage of a 6% in-place cap rate, with room to grow rents.

Zander adds that “an opportunistic owner can take advantage of the high area occupancy and growing rents to really increase cash flow.” He also points out that the community has “numerous capital improvements including plumbing, decks and walkways, landscaping, and numerous unit interior renovations.”

Arbors at Arden Way is located at 4640 Arden Way in El Monte, CA. and is currently 97% leased. The community in the central core of the San Gabriel Valley, just north of the San Bernardino freeway.

The garden style community is situated on over four acres of land. The fully amenitized community features a renovated professional leasing center, fitness center, three pools, each with a built-in gas BBQ station.

Unit amenities include large comfortable floor plans, featuring individual air, and new kitchens complete with dishwashers. The community is being offered for sale at $21.95 million.