Stoneridge Apartments is located south of the I-10 Freeway between Benson Avenue and Mountain Avenue. The property underwent a major renovation project in 1994 which includes exterior and interior upgrades to all units such as new roofs, new exterior solid core doors, new windows, new electrical panels and wiring installed, copper water lines installed, bathroom and kitchen interior plumbing, cabinetry, and sink upgrade totaling more than $200,000. In 2010, a major repair was completed to the main sewer line and connecting lines. Most recently, termite section 1 work was completed and new exterior paint. The renovation work has branded Stoneridge Apartments as the pride of ownership asset, including a value-add opportunity with an upside potential in rental income. Implementing these increases would result a yield 0f 22% increase in Net Operating Income.