Seller's Agent in 2023
Andy Hodgson
Colliers Parrish Inten'l Inc.
(209) 475-5110
5 in this area
54 Total Sales
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.
Last Agent to Sell the Property
Colliers Parrish Inten'l Inc. License #01796017 Listed on: 09/25/2023
Last Buyer's Agent
Colliers Parrish Inten'l Inc. License #01796017 Listed on: 09/25/2023
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/27/2023 11/27/23 | Sold | $5,925,000 | -3.2% | $2,769 / Sq Ft |
| 10/16/2023 10/16/23 | Pending | -- | -- | -- |
| 09/25/2023 09/25/23 | For Sale | $6,120,000 | -- | $2,860 / Sq Ft |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $65,564 | $6,043,000 | $1,887,000 | $4,156,000 |
| 2024 | $63,782 | $5,925,000 | $1,850,000 | $4,075,000 |
| 2023 | $24,284 | $2,220,932 | $547,874 | $1,673,058 |
| 2022 | $23,748 | $2,177,385 | $537,132 | $1,640,253 |
| 2021 | $24,174 | $2,134,692 | $526,600 | $1,608,092 |
| 2020 | $23,551 | $2,112,804 | $521,201 | $1,591,603 |
| 2019 | $23,080 | $2,071,378 | $510,982 | $1,560,396 |
| 2018 | $22,759 | $2,030,763 | $500,963 | $1,529,800 |
| 2017 | $22,254 | $1,990,945 | $491,141 | $1,499,804 |
| 2016 | $20,869 | $1,951,915 | $481,513 | $1,470,402 |
| 2014 | $20,299 | $1,884,947 | $464,993 | $1,419,954 |
Seller's Agent in 2023
Andy Hodgson
Colliers Parrish Inten'l Inc.
(209) 475-5110
5 in this area
54 Total Sales
Source: MetroList
MLS Number: 223093447
Ask me questions while you tour the home.