Active
1321 Santa Clara Street
Vallejo CA, 94590
$4,600,000
Active
Multi-family
Built in 1972
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.
324021278
MLSⓇ ID
May 9, 2024
Updated
Map
1321 Santa Clara Street
Vallejo CA, 94590
Interior Features
Total Stories
2
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.92 Acres
Other Property Details
Area Name
D0105
Garage
No
View
No
County
Solano
Pool
No
Buyer Agency Compensation
2%
Courtesy of Gravitas Commercial Real Estate, Marc Guillon,
Listing Contact:
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