Santa Barbara Apartments is a well-maintained 18-unit multifamily community constructed in 1982 and located within a quiet, established residential neighborhood in Modesto, California.

The property offers a desirable unit mix dominated by larger-than-average floor plans, historically supporting strong tenant retention and consistent occupancy.

Spacious 12 two-bedroom and 6 one-bedroom layouts provide a competitive advantage in the local rental market, appealing to working families, long-term renters, and commuters seeking affordability without sacrificing livability.

The asset has benefited from ongoing capital improvements, positioning it as an upgraded yet still value-add opportunity.

Exterior stucco construction and newer 30-year dimensional composition roofs reduce near-term capital expenditure risk.

Interior upgrades, including vinyl plank flooring and partial dual-pane windows, enhance tenant comfort while supporting operational efficiency.

In-place rents remain below prevailing market levels, creating a clear and executable value-add opportunity through organic rent growth and light interior enhancements.

The property supports both immediate cash flow and long-term appreciation due to its solid physical condition and embedded rent growth potential.

Its location near major commuter routes benefits from strong regional demand driven by population inflows from higher-cost coastal California markets.

The asset is well positioned to serve the growing population of “super-commuters” to the Bay Area, reinforcing long-term income durability and demand stability.