Address
1321 Santa Clara Street, Vallejo, CA
Price
$ 4,600,000
Property Attributes
- MLS#324021278
- TypeIncome
- CountySOLANO
- CityVallejo
- AreaVallejo
- Zip94590
- Style5 or More Units
- Price$ 4,600,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.9153 Acres
Data Source:
MetroList MLS
Property 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.
| Price History | |
|---|---|
| 3/28/2024 | Listed $4,600,000 |
General Features
| Sewer | Other |
|---|---|
| Heating | Other |
| Cooling | Other |
| Garage Spaces | 0.0 |
| Year Built | 1972 |
| Stories | 2 |
| Property SubType | 5 or More Units |
| County | Solano |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Close Price | 0.0 |
| Status | Active |
| Directions | tennessee to santa clara |
| City | Vallejo |
| Buyer Agent Compensation | 2 |
| Open Parking Spaces | 0.0 |
| Total Units | 35 |
| MLS Area | Vallejo 5 |
| Lot Size Square Feet | 39870.0 |
| Carport Spaces | 0.0 |
| Street Name | Santa Clara |
| Standard Status | Active |
| Year Built Source | Other |
| Buyer Agent Compensation Type | Percent |
Interior Features
| Street Suffix | Street |
|---|---|
| Laundry Features | In Common Area |
| Unit 1 Bedroom Units Total | 25 |
| Unit 2 Bedroom Units Total | 10 |
Exterior Features
| Parking Features | Other |
|---|---|
| Lot Features | Other |
| Water Source | Other |
| Total Parking | 0.0 |
| Lot Size Acres | 0.9153 |
| Lot Size Source | Assessor Auto-Fill |
| Covered Spaces | 0.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 94590
Price
Visits
Year Built
All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data maintained by MetroList© may not reflect all real estate activity in the market.
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MetroList CA data last updated: May 1, 2024 9:57 PM UTC 