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Summit Avenue

Sonora, CA 95370

$3,950,000 $16,653/Mo

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Description

Discover a well-located multifamily investment opportunity in the desirable Myers Hill neighborhood near downtown Sonora. Hillcrest House Apartments consists of 28 units across multiple one- and two-story buildings, totaling approximately 22,400 square feet on a 1.00-acre lot. Built in 1976, the property offers functional unit layouts ranging from approximately 636 to over 900 square feet, with features including private patios or decks, assigned carport parking, storage, and on-site laundry facilities. Residents also benefit from attractive community amenities such as a swimming pool and landscaped grounds, supporting strong tenant retention and consistent occupancy. The property is conveniently located within walking distance to downtown Sonora and in close proximity to shopping ce nters, healthcare facilities, and major recreational destinations. The surrounding area serves as the cultural and commercial hub of Tuolumne County, providing stable rental demand driven by local employment and regional tourism. Hillcrest House Apartments presents investors with a stabilized asset in a supply-constrained rental market, offering strong in-place income with additional upside potential through lease-up, operational improvements, and continued rent growth.

Property Details

Property Type : Residential Income

Price : $3,950,000

AD Id : 76801541

MLS Id : 226039288

Year Built : 1976

County : Tuolumne

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Sewer: Public Sewer
Flooring Information

Laminate, Varies by Unit
Interior Features

Appliances: Varies By Unit, Other Laundry Features: In Common Area
Heating & Cooling

Heating: Baseboard, Central Cooling: Central, Wall Unit(s), Varies by Unit WaterSource: Water District

Building Information

Year Built: 1976 Stories: 2 Construction Materials: Stucco, Frame Foundation Details: Concrete
Exterior Features

Foundation Details: Concrete

Porch: Balcony/Deck
Laundry Features

In Common Area

Patio And Porch

Balcony/Deck

Lot Information

Lot Dimensions: 1.0 Lot Description: Other Lot Square Feet: 43,560 Stories: 2

Property Information

Property Type: Residential Income Sub Type: 5 or More Units Construction Materials: Stucco,Frame Property Age: 50 Cross Street: Stewart St Source Neighborhood: 22042 Postal Code Plus 4: 5750 Area: Sonora S: 95370 Zoning: R-2 Structure Type: Apartments

Farm Info

Irrigation Source: Other

Listing Price Information

Listing Id: 226039288 List Price: $3,950,000

Tax Information

Parcel Number: 001-262-006

Parking Information

Parking Total: 28 Carport, Covered

Elementary School District: Sonora

Junior High School District: Sonora

Senior High School District: Sonora Union High
Utility Information

Sewer Connected & Paid, Electric, Propane
Location Information

Direction: From Hwy 108, take Mono Way to S Stewart St, then left on Summit Ave. Property on left.

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
Saratoga Road, Sonora, CA, 95370	$499,999	4	3	2,043	2,043 SqFt
Awahanee Road, Sonora, CA, 95370	$250,000	3	1	1,552	1,552 SqFt
Crestridge Avenue, Sonora, CA, 95370	$730,000	3	3	2,376	2,376 SqFt
Upper Hillview Drive, Sonora, CA, 95370	$675,000	4	3	3,000	3,000 SqFt
Oneto, Sonora, CA, 95370	$885,000	3	4	3,751	3,751 SqFt
S Oxbow Lane, Sonora, CA, 95370	$399,900	2	2	1,482	1,482 SqFt
Sirus Mine Lane, Sonora, CA, 95370	$549,000	3	2	1,912	1,912 SqFt
Avenida Bonita, Sonora, CA, 95370	$830,000	3	3	3,021	3,021 SqFt
Smokey River, Sonora, CA, 95370	$320,000	3	2	1,160	1,160 SqFt
Blackberry Pond, Sonora, CA, 95370	$799,000	4	3	2,415	2,415 SqFt