OCP recently acquired this asset in an up and coming area of Sonoma County. The booming job market and subsequent rent growth currently at over 5% – second in the country – made the area a perfect opportunity for a strong investment.
Plans are currently underway to revive two sister buildings into a 202-unit complex divided by a wooded creek. Currently, this 100% occupied C class complex is underleveraged with below market rents but will be transformed into a B+ asset with a full reface, remodel, rebrand and more and will set a new level of excellence in the area.
