Santa Clara Apartments

30 Unit Apartment Building | $4,995,000 ($166,500/Unit) | 6.61% Cap Rate | Vallejo, CA 94590

Asking Price $4,995,000

Property Type: Multifamily
Square Feet: 18,750 SF

Listing Contacts

Steven Pinza

Verified Profile

Property Info

Property Overview

The Santa Clara Apartments is an excellent 30 unit property comprised of three separate buildings on two APN's. The property features thirty (30) 1bd/1bth apartments each with significant rental upside in the non city rent controlled market of Vallejo. The buildings have undergone various upgrades including new paint, sidewalk, driveway, water heaters, new roofs, landscaping and more. There is on site, coin operated laundry, tenant and guest parking, tenant storage, and patios/balconies for each unit. Many units have unobstructed water views. The next investor can implement gradual rent increases, implement a RUBS program, and begin charging for miscellaneous add-ons to increase rental income. This is an incredibly rare opportunity to purchase a property which will produce significant cash flow and rental upside from day one of ownership.
The Santa Clara Apartments boast a prime location in the Vallejo Heights neighborhood. This property is walking distance to groceries, shopping, dining, multiple parks and much more. Additionally, the property is close to the Napa River and San Pablo Bay, offering residents stunning views of the water and a cooler climate. Other points of attractions are various Open Space parks, Six Flags Discovery Kingdom, Wine Country, Vallejo Aquarium, hiking trails, gardens and more.
Email: [email protected] for a complete marketing package.

Property Details

Class: C
Year Built: 1968
Stories: 2
Property Subtype: Manufactured Housing/Mobile Home, Dormitory
Lot Size (sq. ft): 43,124 SF
Units: 30

Highlights

30 1bd/1bth Apartments Each w/ Over 30% Rental Upside in a Non City Rent Controlled Market
Prime Vallejo Heights Location a Short Distance to Ferry, Eateries, Shops, Parks and Mare Island.
New Paint, Sidewalk, Driveway, Water Heater, Roofs, and More
Double Pane Windows, Many Updated Units, Improved Balconies/Patios, and Many Other Improvements
Units Spaced Across Three Separate Buildings on Two Separate APN's, & Unobstructive Water Views

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