755 Shasta Fourplex 755 Shasta St

The DeLoney Group at Marcus & Millichap has been retained as exclusive agent to offer fee simple interest of 755 Shasta St, a family legacy asset garden style apartment community located in the heart Yuba City, California. The property was originally constructed in 1972. The four-unit community features exclusively large two-bedroom floorplans, averaging 950 rentable square feet per unit.
The offering provides an opportunity to purchase a well-located property with a significant value add component. Average rent at the property is approximately 15% below market. Additionally, there is a laundry room on site that is currently out of operation. In addition to the income earned from the reintroduction of laundry services for residents, a signing bonus with a 3rd party laundry vendor may also be available.
Current ownership has recently renovated one of the units and is holding it vacant for the new owner to either to move in or place their own resident. Ownership has also replaced 100% of the electrical panels inside and out, making the building more marketable for admitted insurance carriers.
Residents enjoy easy access to Feather Downs Shopping Center and the Yuba Sutter Mall, which includes national retailers such as JC Penney, Sears, CVS, Starbucks, Raley’s Supermarket, along with several other shopping and entertainment venues. Yuba City has recently seen local employment growth due to the recently constructed Hard Rock Casino and Resort, Yuba City College, Beale Air Force Base as well as the expansion of Rideout Memorial Hospital. Yuba City is also a 45-minute drive from Sacramento on either Highway 65 or 70, and around two hours from the Greater Bay Area connecting to Interstate 80.
All tours must be scheduled through The DeLoney Group. Please do not disturb management or tenants.