416 Benicia Rd
Vallejo, CA 94590
- – beds
- – baths
- – sqft
- 9,582 sqft lot
- 1937 build
- – on site
www.416BeniciaRd.com; 16-unit apartment complex spread across two parcels with 8 units per parcel. The current cap rate is 6.98% and the current GRM is 9.29. The unit mix consists of 5 2bd/1bth units, 8 1bd/1bth units, and 3 studio units with strong current cash flow and excellent rental upside. Seller financing is being offered with excellent terms. The property was originally built in 1937, offers approximately 11,803 square feet of living space, and sits on a 9,582 square foot combined lot with off-street parking. Many units have been remodeled over time and offer new kitchen and bathrooms, new paint, new double pane windows, and more. The property is easy to manage, all the tenants are current on rent, and an onsite property manager is not legally required due to the property having only 8 units per parcel. The exterior and interior are in good condition with no deferred maintenance resulting in an attractive, turn-key investment.
Last checked:
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Last updated Nov 7, 2024
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MLS# 41077829 —
The Building
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Year Built:1937
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Construction Materials:See Remarks
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Total Number Of Units:16
Location
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Directions:Starr Ave Right on Benicia Rd Cross Street: Starr Ave.
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Latitude:38.09600500
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Longitude:-122.23419300
The Property
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Property Type:Residential Income
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Lot Size Area:9582.0000
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Lot Size Acres:0.2200
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Lot Size SqFt:9582.00
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:94590
The Listing
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Parcel Number:0059113300
Heating & Cooling
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Heating:1
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Heating:See Remarks
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Cooling:Yes
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Cooling:See Remarks
Parking
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Parking Spaces:16.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/31/24
Oct 31, 2024
|
Listed / Active | CRMLS_CA | $2,995,000 |
