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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.

Listed By CRMLS_CA / David Howarth / The Pinza Group, Inc

Last checked: Checking… • Last updated Oct 31, 2024 •

MLS# 41077829 —

The Building

Year Built:

1937
Construction Materials:

See Remarks
Total Number Of Units:

16

Location

Directions:

Starr Ave Right on Benicia Rd Cross Street: Starr Ave.
Latitude:

38.09600500
Longitude:

-122.23419300

The Property

Property Type:

Residential Income
Lot Size Area:

9582.0000
Lot Size Acres:

0.2200
Lot Size SqFt:

9582.00

Listing Agent

Contact info:

Taxes

Tax Census Tract:

94590

The Listing

Parcel Number:

0059113300

Heating & Cooling

Heating:

1
Heating:

See Remarks
Cooling:

Yes
Cooling:

See Remarks

Parking

Parking Spaces:

16.00

Explore the Area

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Sale history

Date	Event	Source	Price	% Change
10/31/24 Oct 31, 2024	Listed / Active	CRMLS_CA	$2,995,000

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This multifamily located in South Vallejo, Vallejo, CA 94590 is currently for sale for $2,995,000. 416 Benicia Rd is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. 416 Benicia Rd is in the South Vallejo neighborhood of Vallejo. This multifamily is in the attendance area of Vallejo High School, Steffan Manor Elementary School, and Franklin Middle School.

Listing Courtesy of: CRMLS_CA and The Pinza Group, Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 18:23 on Oct 31.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.