Marketing Description:
With the demand being extremely high for housing in the Bay area, this proves to be a great investment to look into. The city of Lathrop has become a hub for well-developed housing. Not only is it well developed, but it’s affordable. Centered between Stockton, Modesto, and Lodi. The opportunity in single-family housing grows by the day. The Gross area of parent parcels is +/- 348,042 square feet. The total R/W offer of dedication is +/- 99,324 square feet. With economic development forming throughout the city there will be plenty of nearby conveniences such as fast-food restaurants, hospitals, retail stores, etc. The Job Market in the city of Lathrop has also surged due to recent distributions of vaccines, making the city once again a thriving area.
“Lennar, which is hiring staff for a unit called LennarSFR, is the latest heavyweight to embrace single-family rentals during a pandemic that has increased consumer demand for suburban living and pushed property investors to look for new places to put their money.”
Clark, P. (n.d.). Bloomberg.com. Retrieved February 27, 2021, from https://www.bloomberg.com/news/articles/2021-01-14/lennar-targets-2-billion-for-major-single-family-rental-push
Investment Highlights:
30-minute commute of Tracy, Manteca, Stockton, Lodi, Modesto, Livermore, and Pleasanton.
The Gross area of parent parcels is +/- 348,042 square feet
Lot Amount:36 Lots.
$160k Per Lot
LOCATION :
This property is located on the S/E Corner of Brookhurst Blvd. & McKee Blvd.
Works Cited:https://www.bloomberg.com/news/articles/2021-01-14/lennar-targets-2-billion-for-major-single-family-rental-push
