1600-1720 Santa Clara St - Apartments FOR SALE


Vallejo, CA 94590
$4,995,000 USD
510-725-4775
1600-1720 Santa Clara St, Vallejo, CA for Sale
$4,995,000 USD
Apartments - FOR SALE
1/22
null | 6.61% Cap Rate

1600-1720 Santa Clara St
Vallejo, CA 94590


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

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: Info@PinzaGroup.com for a complete marketing package.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$266 USD /SF

# OF UNITS

30

PRICE/UNIT

$166,500

CAP RATE

6.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Santa Clara Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

HDR

APN/PARCEL ID

0051-222-250,0051-223-390

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-725-4775

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Steven PinzaPinza GroupMore Info
510-725-4775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.