4308 E Woodward

Property Overview
Exceptional investment opportunity featuring a well-maintained 21-unit apartment complex situated on additional acreage with future development potential. Originally designed and entitled as a 21-unit condominium project with separate APN numbers, the property was later converted into a professionally operated apartment community, offering investors flexibility and long-term upside potential. The current ownership has extensively upgraded and meticulously maintained the property, resulting in strong tenant retention and stable rental income consistent with the area’s high demand. The unit mix consists of 7 spacious 3-bedroom, 1.5-bath units and 14 well-appointed 2-bedroom, 1.5-bath units, appealing to a broad tenant base. With additional land available for possible expansion and increased density potential (buyer to verify with local agencies), this property presents a rare opportunity to acquire a stabilized asset with both immediate cash flow and future development upside. Ideal for investors seeking a pride-of-ownership asset with proven performance and value-add potential.
Home Details
- Property type
- ResidentialIncome - Apartment
- Year built
- 1992
- Lot size
- 2.33 acres
- Parking
- 1 spaces
- Garage
- 1 spaces
- Stories
- 2.0
- Days on market
- 0
- MLS status
- Active
Features & Amenities
Parking
- Direct Access
- Garage
Pool
- None
Lot
- Lot Over40000Sqft
Community, Schools & Utilities
Utilities
- Heating
- Central
- Cooling
- CentralAir
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions
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“Reza was the best agent we have ever worked with.”— Russell & Susan McQueen
Listing Agent

