Vallejo Heights Apartments | 110 Hilborn Ave
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Vallejo Heights Apartments 110 Hilborn Ave
9 Unit Apartment Building $2,045,000 ($227,222/Unit) 7.06% Cap Rate Vallejo, CA 94590
Investment Highlights
- New Exterior Paint
- Four 1x1 Units/Four 2x1 Units/One 2x1 SFR
- Going-In 7.06% Cap Rate/9.56 GRM
- Sub 6% Interest Rate Loan Quote
- On-Site Laundry & Storage
- Elevated West Facing Views
Executive Summary
Gravitas CRE is pleased to present the 9 units located in a desirable area of Vallejo known as Vallejo Heights. The property is located at 110 Hilborn Street, Vallejo.
The subject property was reportedly built in 1955 and consists of four (4) 1x1 units, four (4) 2x1 units and one (1) 2x1 SFR with a garage and yard space. Each unit comes with a tuck-under parking space and storage area. There is also an on-site laundry facility for tenants' convenience. Unit interiors include upgraded kitchens, flooring, bathrooms, and paint. Additionally, the exterior of the main building (8) units has been painted within the last 6 months. The front single-family home has also undergone extensive upgrades in the last 12 months including all new kitchen, flooring, bathroom, new fence and landscaping.
The Vallejo Heights Apartments enjoys an elevated setting with West facing views of the Napa River and Vallejo waterfront.
The strong in-place rent roll represents a 9.56 current GRM and a 7.06% cap rate.
Please reach out to Marc Guillon for the offering memo.
The subject property was reportedly built in 1955 and consists of four (4) 1x1 units, four (4) 2x1 units and one (1) 2x1 SFR with a garage and yard space. Each unit comes with a tuck-under parking space and storage area. There is also an on-site laundry facility for tenants' convenience. Unit interiors include upgraded kitchens, flooring, bathrooms, and paint. Additionally, the exterior of the main building (8) units has been painted within the last 6 months. The front single-family home has also undergone extensive upgrades in the last 12 months including all new kitchen, flooring, bathroom, new fence and landscaping.
The Vallejo Heights Apartments enjoys an elevated setting with West facing views of the Napa River and Vallejo waterfront.
The strong in-place rent roll represents a 9.56 current GRM and a 7.06% cap rate.
Please reach out to Marc Guillon for the offering memo.
Property Facts
| Price | $2,045,000 | Apartment Style | Low Rise |
| Price Per Unit | $227,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 7.06% | Building Size | 6,037 SF |
| Gross Rent Multiplier | 9.56 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 2.65/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,045,000 |
| Price Per Unit | $227,222 |
| Sale Type | Investment |
| Cap Rate | 7.06% |
| Gross Rent Multiplier | 9.56 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 6,037 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 2.65/1,000 SF |
Unit Amenities
- Balcony
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Smoke Free
- Storage Space
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 600 |
| 2+1 | 5 | - | 700 - 750 |
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PROPERTY TAXES
| Parcel Number | 0051-204-380 | Improvements Assessment | $870,437 |
| Land Assessment | $170,672 | Total Assessment | $1,041,109 |
PROPERTY TAXES
Parcel Number
0051-204-380
Land Assessment
$170,672
Improvements Assessment
$870,437
Total Assessment
$1,041,109
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Marc Guillon - Gravitas Commercial Real Estate
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Vallejo Heights Apartments | 110 Hilborn Ave
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