Element Apartment Homes is a turnkey, extensively renovated community offering strong in-place income with no near-term capital requirements. All units feature private in-unit washer and dryer and new electrical subpanels, providing enhanced capacity and tenant appeal.
The property has undergone a comprehensive renovation, with 25 of 26 units completely upgraded. Improvements include dual-pane windows, modernized interiors, new exterior paint, siding and lighting, and a renovated courtyard with BBQ area. Major capital upgrades include a seismic retrofit and new roof, significantly reducing future capital needs.
Located in the heart of Silicon Valley near major employers such as Apple, OpenAI Google, NVIDIA, and LinkedIn, the property benefits from strong underlying rental demand.