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124 Louisiana St 508 Unit Apartment Building $825,000 ($1,624/Unit) 6.06% Cap Rate Vallejo, CA 94590
EXECUTIVE SUMMARY
Four (4) units, all with two bedrooms and one bath, comprise this exceptionally pleasant multi-family property, otherwise featuring spacious functional layouts and a highly habitable design. Each apartment is complete with private front porches facing a beautiful front garden with no shared corridors. Back doors access private carports and a common area laundry room.
Constructed in 1982, the property is a short walk from the ferry to San Francisco, as well as being conveniently close to waterside restaurants with quick access to Mare Island.
This would be ideal for an owner-investor inclined to occupy the vacant unit while renting the other three.
Offers Due November 6th at 2pm.
Constructed in 1982, the property is a short walk from the ferry to San Francisco, as well as being conveniently close to waterside restaurants with quick access to Mare Island.
This would be ideal for an owner-investor inclined to occupy the vacant unit while renting the other three.
Offers Due November 6th at 2pm.
PROPERTY FACTS Under Contract
| Price | $825,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,624 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.06% | Building Size | 3,280 SF |
| Gross Rent Multiplier | 9.68 | Average Occupancy | 75% |
| No. Units | 508 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1982 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $825,000 |
| Price Per Unit | $1,624 |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| Gross Rent Multiplier | 9.68 |
| No. Units | 508 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,280 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1982 |
| Opportunity Zone |
Yes |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 508 | $1,788 | - |
1 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 0055-072-090 | Improvements Assessment | $641,422 |
| Land Assessment | $139,436 | Total Assessment | $780,858 |
PROPERTY TAXES
Parcel Number
0055-072-090
Land Assessment
$139,436
Improvements Assessment
$641,422
Total Assessment
$780,858
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124 Louisiana St
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