Pending
1321 Santa Clara Street
Vallejo CA, 94590
$4,600,000
Pending
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
March 28, 2024
Listed
November 15, 2024
Updated
Map
1321 Santa Clara Street
Vallejo CA, 94590
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.92 Acres
Lot Features
Other
Sewer
Other
Other Property Details
Garage
No
Parking
Other
View
No
County
Solano
Water Source
Other
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
6/18/2024 | Pending | — |
Courtesy of Gravitas Commercial Real Estate, Marc Guillon,
Listing Contact:
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