Santa Clara Apartments | 1600-1720 Santa Clara St
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Santa Clara Apartments 1600-1720 Santa Clara St
30 Unit Apartment Building $4,995,000 ($166,500/Unit) 6.61% Cap Rate Vallejo, CA 94590
Investment Highlights
- 30 1bd/1bth Apartments Each w/ Over 30% Rental Upside in a Non City Rent Controlled Market
- New Paint, Sidewalk, Driveway, Water Heater, Roofs, and More
- Units Spaced Across Three Separate Buildings on Two Separate APN's, & Unobstructive Water Views
- Prime Vallejo Heights Location a Short Distance to Ferry, Eateries, Shops, Parks and Mare Island.
- Double Pane Windows, Many Updated Units, Improved Balconies/Patios, and Many Other Improvements
Executive Summary
The Santa Clara Apartments is an excellent 30 unit property comprised of three separate buildings on two APN's. The property features thirty (30) 1bd/1bth apartments each with significant rental upside in the non city rent controlled market of Vallejo. The buildings have undergone various upgrades including new paint, sidewalk, driveway, water heaters, new roofs, landscaping and more. There is on site, coin operated laundry, tenant and guest parking, tenant storage, and patios/balconies for each unit. Many units have unobstructed water views. The next investor can implement gradual rent increases, implement a RUBS program, and begin charging for miscellaneous add-ons to increase rental income. This is an incredibly rare opportunity to purchase a property which will produce significant cash flow and rental upside from day one of ownership.
The Santa Clara Apartments boast a prime location in the Vallejo Heights neighborhood. This property is walking distance to groceries, shopping, dining, multiple parks and much more. Additionally, the property is close to the Napa River and San Pablo Bay, offering residents stunning views of the water and a cooler climate. Other points of attractions are various Open Space parks, Six Flags Discovery Kingdom, Wine Country, Vallejo Aquarium, hiking trails, gardens and more.
Email: Info@PinzaGroup.com for a complete marketing package.
The Santa Clara Apartments boast a prime location in the Vallejo Heights neighborhood. This property is walking distance to groceries, shopping, dining, multiple parks and much more. Additionally, the property is close to the Napa River and San Pablo Bay, offering residents stunning views of the water and a cooler climate. Other points of attractions are various Open Space parks, Six Flags Discovery Kingdom, Wine Country, Vallejo Aquarium, hiking trails, gardens and more.
Email: Info@PinzaGroup.com for a complete marketing package.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 30 | - | 625 |
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Walk Score ®
Very Walkable (75)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,663,373 | |
| Land Assessment | $1,020,000 | Total Assessment | $4,683,373 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,020,000
Improvements Assessment
$3,663,373
Total Assessment
$4,683,373
zoning
| Zoning Code | HDR |
| HDR |
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Santa Clara Apartments | 1600-1720 Santa Clara St
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