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1321 Santa Clara Street

Vallejo, CA 94590

– beds
– baths
20,525 sqft
~1 acre lot
$224 per sqft
1972 build
– on site

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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.

Listing courtesy of METROLIST / Gravitas Commercial Real Estate

Last checked: Checking… • Last updated Mar 26, 2025 •

MLS# 324021278 —

The Building

Year Built:

1972
Year Built Source:

Other
Construction Materials:

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Architectural Style:

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Development Status:

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Structure Type:

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Subtype Description:

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Stories:

2
Levels:

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Upper Level:

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Main Level:

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Lower Level:

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Roof:

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Basement:

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Foundation Details:

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Building Features:

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Exterior Features:

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Window Features:

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Patio And Porch Features:

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Accessibility Features:

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Interior

Interior Features:

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Flooring:

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Fireplace Features:

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Laundry Features:

In Common Area
Laundry Features:

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Room Dimensions

Living Area:

20525.0
Living Area Source:

Owner

Financial & Terms

Lease Type:

Net
Lease Info:

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Lease Type:

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Lease Includes:

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Rent Includes:

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Owner Pays:

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Tenant Pays:

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Pets Allowed:

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Location

Directions:

tennessee to santa clara

The Property

Parcel Number:

0055-062-160
Property Type:

Residential Income
Property Subtype:

5 or More Units
Property Condition:

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Lot Features:

Other
Lot Features:

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Lot Size Acres:

0.9153
Lot Size Square Feet:

39870.0
Lot Size Units:

Acres
Lot Size Source:

Assessor Auto-Fill
Land Lease:

false
View:

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Current Use:

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Possible Use:

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Vegetation:

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Fencing:

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Horse:

false
Horse Amenities:

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Crops:

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Soil:

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Land Use:

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Frontage Type:

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Road Surface Type:

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Road Frontage Type:

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Road Responsibility:

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Driveway Sidewalks:

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Listing Agent

Contact info:

The Listing

Home Warranty:

false

Heating & Cooling

Heating:

Other
Heating:

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Cooling:

Other
Cooling:

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Utilities

Utilities:

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Electric:

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Sewer:

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Sewer:

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Water Source:

Other
Water Source:

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Green Energy Efficient:

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Appliances

Appliances:

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The Community

Senior Community:

false
Community Features:

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Spa:

false
Spa Features:

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Pool Private:

false
Pool Features:

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Association Amenities:

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Association:

false
Association Fee Includes@odata.type

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Parking

Parking Type:

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Parking Features:

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Parking Features:

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Extra Units

Unit 1 Type:

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Unit 2 Type:

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Unit 3 Type:

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Unit 4 Type:

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Other Units:

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Sale history

Date	Event	Source	Price	% Change
3/25/25 Mar 25, 2025	Sold	METROLIST	$4,600,000

Multifamily Sold on 3/25/2025

$4,600,000

Listing provided by broker:

Marc Guillon

Gravitas Commercial Real Estate

Newest listings in Vallejo, CA

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Listing courtesy of Gravitas Commercial Real Estate

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1321 Santa Clara Street

Vallejo, CA 94590