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12 Units with 3.0% Seller Financing 1901-1911 Sonoma Blvd 12 Unit Apartment Building $2,100,000 ($175,000/Unit) 8.41% Cap Rate Vallejo, CA 94590
INVESTMENT HIGHLIGHTS
- 12-unit Apartment Complex Featuring One 3bd/1bth unit, One 2bd/1bth Unit, Nine 1bd/1bth Units, and One Studio
- Separate Parcel (536 Capitol St) Included in Sale with Over 15 Parking Spaces
- Remodeled Units with Newer Kitchens, Bathrooms, Flooring, Custom Fixtures, and Double Pane Windows
- Excellent Seller Financing Available with 3.0% Interest Only for Five Years
- Easy to Manage Property - Separately Metered for PG&E with Low Operating Expenses
EXECUTIVE SUMMARY
12-unit apartment complex with excellent current income and strong rental upside. The units mix offers one 3bd/1bth unit, one 2bd/1bth unit, nine 1bd/1bth units and one studio unit. The property was originally built in 1921, offers approximately 9,200 square feet of rental space, and sits on a combined lot size of 13,000 square feet. The sale also includes the vacant lot next door at 536 Capitol St which is currently being used for 15+ parking spaces and provides an interesting development opportunity. The units have been remodeled over time and feature upgraded kitchens, bathrooms, wood flooring, custom fixtures, and newer paint. The property is easy to manage, separately metered for gas and electric, with low annual operating expenses. Seller financing is available for well qualified buyers with 25% downpayment, 3.0% Interest Only for 5 years. This is a high-demand Vallejo location only a few blocks to the restaurants and coffee shops in Downtown Vallejo and a short distance to Mare Island and the Vallejo Marina and the San Francisco Bay Ferry Terminal.
****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE.
****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE.
PROPERTY FACTS
| Price | $2,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $175,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.30 AC |
| Cap Rate | 8.41% | Building Size | 9,200 SF |
| Gross Rent Multiplier | 8.4 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1921 |
| Property Type | Multifamily | Parking Ratio | 1.2/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | CP, Vallejo | ||
| Price | $2,100,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 8.41% |
| Gross Rent Multiplier | 8.4 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 9,200 SF |
| No. Stories | 2 |
| Year Built | 1921 |
| Parking Ratio | 1.2/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CP, Vallejo |
AMENITIES
UNIT AMENITIES
- Balcony
- Heating
- Lawn
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 1+1 | 9 | - | - |
| Studios | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,080,800 | |
| Land Assessment | $499,392 | Total Assessment | $2,580,192 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$499,392
Improvements Assessment
$2,080,800
Total Assessment
$2,580,192
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12 Units with 3.0% Seller Financing | 1901-1911 Sonoma Blvd
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