Jessie Espinosa

(209) 652-8112jessie@espinosa.org
    $4,600,000
    Pending

    1321 Santa Clara Street

    Vallejo, CA 94590
    20525 sqft | 0.92 acres | #324021278
    Browse 13 photos
    Type:Multi-Family
    Structure:Unit
    Zone:Residential

    Description

    35 units located at 1321 Santa Clara Street in Vallejo, commonly known as Pointe 38. The subject property consists of approximately 22,925 square feet and a unit mix of twenty-five (25) 1x1 units and ten (10) 2x1 units. The improvements were reportedly built in 1972. The going-in cap rate with 11 vacant units is 4.98%. Upon lease-up of the currently vacant units at $1,525 for the 1x1's and $1,700 for the 2x1's, the cap rate ascends to over 9%. Additionally, the vacant units are fully rehabbed and rent ready creating significant equity growth almost immediately after purchase and lease-up. The subject property as a whole has been renovated with new exterior paint, all new vinyl windows, new laundry machines and all new interiors. The Pointe 38 Apartments presents investors a unique equity growth opportunity with minimal capital outlay.

    • Property Details
        • Property Subtype5 or More Units
        • Property TypeMulti-Family
        • MLS #324021278
        • MLS #324021278
        • Cost4600000
        • Acres0.9153
        • CountySolano
        • Cooling FeaturesOther
        • Lot DescriptionOther
        • Square Feet20525
        • Parking FeaturesOther
        • Sewer InformationOther
        • Utility SourceOther
        • Year Built1972

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    Listing Courtesy
    Listing Agent: Marc Guillon (#MGUILMAR)
    Listing Office: Gravitas Commercial Real Estate (#01GRVT)

    Jessie Espinosa | Century 21 Select Real Estate, TurlockReal Estate Group

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      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.