Ocotillo Ridge - 20 Unit Multi-Family

• 20-Unit, Newly Constructed (2024) Townhome-Style Multifamily Community

• Built by Local Architect & Developer (Self-Developed Project)

• Unit Mix: 12 Two-Bedroom Units (1,056 SF Avg) | 8 One-Bedroom Units (801 SF Avg)

• Total Building Area: ±19,100 SF | Land Area: 0.85 Acres

• Price Per Unit: $295,000

• Price Per Square Foot: $309/SF

• Gross Rent Multiplier (GRM): 15.13

• Current NOI: $316,752.62

• CAP Rate: 5.37% | Pro-Forma CAP Rate: 5.56%

• 20 Secure On-Site Parking Spaces

• Oversized Private Patios/Balconies & In-Suite Laundry in Every Unit

• Located in the East Nob Hill / Hiland Corridor Within the Path of Nob Hill’s Eastward Growth