4271 Altoona Drive
- Billboard Location
- Gatekeeper
- Cannot be Duplicated Economically
Property Description
Tesoro at 12 is a 184-unit, two-story apartment community located at 4271 Altoona Drive in the South Oak Cliff area of Dallas. Built in 1983 and renovated in early 2022, the property offers an average unit size of approximately 981 square feet—larger than many competing assets in the immediate area. The site spans roughly 8.9 acres and includes 20 buildings with pitched composition shingle roofs, two swimming pools, a fitness center, business center, clubhouse, and 375–396 parking spaces at grade level. Units are equipped with fireplaces, washer/dryer hookups, private patios or balconies, microwaves, and standard finishes, catering to families and long-term renters who value space and functionality over luxury features. The property has demonstrated consistently strong occupancy, maintaining between 92.9 and 94 percent through 2024 and 2025, according to USPS-based occupancy data. Current asking rents average around $1,133 per unit ($1.15 per square foot), with year-over-year trends showing a modest decline from $1,195 the year prior. These levels still remain below competing properties, helping retain tenants and maintain occupancy despite broader market softness. Absorption at Tesoro is positive over the past 12 months, contrasting with negative absorption among nearby competitors. The community benefits from strong visibility and accessibility near Ledbetter Drive, Loop 12, and Walton Walker Boulevard, which collectively yield traffic counts nearing 18,000 vehicles per day.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $24,000,000 |
| No. of Units: | 184 |
| Average Occupancy: | 5.85 |
| Year Built: | 1983 |
| Lot Size: | 8.90 Acres |
| Opportunity Zone: | No |
| Price per unit: | $130,435 |
| Property Website | Click Here |
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