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1-6 Hodel Drive 1 Hodel Dr 6 Unit Apartment Building $1,499,900 ($249,983/Unit) 3.81% Cap Rate Hollister, CA 95023
INVESTMENT HIGHLIGHTS
- Tenants pay ALL utilities
- Hardwood floors, attached garages, and inside utility rooms
- Close to schools, shopping, and commuter roadways
EXECUTIVE SUMMARY
Rarely offered to market. Been under the same owner's stewardship for 26+ years. Six adorable cottages on one lot near the High School. Five units are 1-bedroom, 1 bath, and one unit is 2-bedroom, 1 bath. All with one car, attached garages, small yards, and separately metered utilities (including sewer and water - you hardly ever see that!). Hardwood floors, tile counters in kitchen and shower. Inside utilities room. Epitome of low maintenance. Call your Realtor today and see why this may be just the investment property you have been looking for?
DO NOT DISTURB OCCUPANTS! No sign. Make offer subject to inspection and approval. Please email offers on CAR form including preapproval letter (or proof of funds if cash) to jnoblerealestate@outlook.com. Escrow holder is First American-Hollister, Nellie Garcia. Yes, rents are below market and are increased per AB 1428. Rent increases are coming up 11/1/25 and 1/1/26 for 4 units. List price reflects lower rents and seller motivation.
DO NOT DISTURB OCCUPANTS! No sign. Make offer subject to inspection and approval. Please email offers on CAR form including preapproval letter (or proof of funds if cash) to jnoblerealestate@outlook.com. Escrow holder is First American-Hollister, Nellie Garcia. Yes, rents are below market and are increased per AB 1428. Rent increases are coming up 11/1/25 and 1/1/26 for 4 units. List price reflects lower rents and seller motivation.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,499,900 | Building Class | C |
| Price Per Unit | $249,983 | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 4,618 SF |
| Cap Rate | 3.81% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1942 |
| Property Subtype | Apartment | Parking Ratio | 1.3/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-4 - Multi-family Dwelling | ||
| Price | $1,499,900 |
| Price Per Unit | $249,983 |
| Sale Type | Investment |
| Cap Rate | 3.81% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 4,618 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1942 |
| Parking Ratio | 1.3/1,000 SF |
| Zoning | R-4 - Multi-family Dwelling |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 056-200-017-000 | Total Assessment | $713,927 (2025) |
| Land Assessment | $230,542 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $483,385 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
056-200-017-000
Land Assessment
$230,542 (2025)
Improvements Assessment
$483,385 (2025)
Total Assessment
$713,927 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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1-6 Hodel Drive | 1 Hodel Dr
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