Central Park Apartments is a two story garden style apartment complex consisting of two bedroom, one bedroom and studio apartments.  The property is located in Arden-Arcade, a stable rental area that is near freeways, public transportation and shopping.

Amenities include: gated pool; two laundry facilities; covered parking; spacious floor plans; gated access; and abundant parting.

The complex is well maintained and landscaped.  All units were recently renovated.  New carport roofs were installed in 2003 and new building roofs were installed in 2005.

Existing loan of $3,212,000 is assumable with an adjustable rate of 5.75%.  At a 6.58% cap rate, this project is a great opportunity.