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    1945 Louisiana Street

    Vallejo, CA 94590
    • $2,300,000
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: 22022813
    UPDATED: 35 min ago
    $2,300,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,028
      SQFT
    • $382
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Description

    Eleven unit apartment complex with bonus office unit. Managed by owner who takes pride in maintaining units and common areas. High income producing with a 6.0% capitalization rate. Two studios 1 bath. Six 1 bedrooms 1 bath. Three 2 bedrooms 1 bath. All units are occupied with rents current. All tenants have all been selected through a rigorous application process, reviewing credit scores, rental references and income qualifications. Separate gas and electric meters. Owner pays for water, sewage and trash. **This is an ideal property for a 1031 exchange or shift into a stable investment from an unpredictable stock market**

    Monthly Payment Calculator



    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hiraeth Homes. Data last updated: 2020-10-23T06:56:16.88.
    www.hiraethhomes.com/homes/110280723
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    1945 Louisiana Street Vallejo, CA 94590

    • Price: $2,300,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: 22022813
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    6,028
    SQFT
    $382
    $/SQFT
    1962
    Built
    Neighborhood:
    Vallejo 4
    County:
    Solano
    Area:
    Vallejo 4
    Property Description
    Eleven unit apartment complex with bonus office unit. Managed by owner who takes pride in maintaining units and common areas. High income producing with a 6.0% capitalization rate. Two studios 1 bath. Six 1 bedrooms 1 bath. Three 2 bedrooms 1 bath. All units are occupied with rents current. All tenants have all been selected through a rigorous application process, reviewing credit scores, rental references and income qualifications. Separate gas and electric meters. Owner pays for water, sewage and trash. **This is an ideal property for a 1031 exchange or shift into a stable investment from an unpredictable stock market**
    Exterior Features

    Carports 0 Exterior Stucco Foundation Construct Cc SlabWood Frame Garages 0 Lot Description CourtRegular On Site Parking Off StreetUncovered Open Uncovered Spaces 0 Roof CompositionShingle Rv Boat Spaces 0 Type 2 StoryApartments Underground Spaces 0 Yard Grounds None

    Interior Features

    Accessibility Feat Wheelchair Ramp Basement None Floors Part CarpetSimulated WoodVinyl/Linoleum Heat Cool W/Heat-GasWall Furnace

    Property Features

    1 Bdrm Ann Occupancy 100.00 1 Bdrms Occupied 6 1 Bedroom Rent Range $1205.44 To $1548.79 1 Bedrooms 6 2 Bdrm Ann Occupancy 100.00 2 Bdrms Occupied 3 2 Bedroom Rent Range $1349.00 To $1693.34 2 Bedrooms 3 3 Bdrm Ann Occupancy 0.00 3 Bdrms Occupied 0 3 Bedroom Rent Range 0 3 Bedrooms 0 4 Bdrm Ann Occupancy 0.00 4 Bdrms Occupied 0 4 Bedroom Rent Range 0 4 Bedrooms 0 Actual Or Projected Actual Auction No Cap Rate 6.00 City Transfer Tax Yes City Transfer Tax Rate 0.00 Comm Units Rent Rang 0 Commercial Units 0 Common Int Dev No Est Insurance Exp 0.00 Est Maintenance Exp 0.00 Est Management 0.00 Est Misc Expenses 0.00 Est Net Income 192586.92 Est Taxes 0.00 Est Total Annual Exp 0.00 Est Utilities Exp 0.00 Expense Source Owner Furnished Units 0 GRM 11.94 Gross Scheduled Inc 192586.92 Guest Spaces 0 Laundry Appliance Coin OperatedCommon Room Lease Deposit 0.00 Lease Terms 1 YearMonth To Month Lot Size Source (Realist Public Rec) Monthly Expenses 0.00 Monthly Income 16048.91 Multifamily Type Multi Unit 5+ New Construction Or Resale Resale Operating Exp Inc GarbageInsuranceLicense FeesMaintenanceTaxes/AssessmentsVacancy FactorWater Pending Litigation No Planned Unit Develop No Seller Will Consider Conventional Separate Meters ElectricityGas Sewer Septic Sewer Public Square Footage Source Realist Public Rec Studio Ann Occupancy 100.00 Studio Rent Range $993.90 To $1045.00 Studios 2 Studios Occupied 2 Tenant Pays Cable TvElectricityGas Transaction Type Sale Utilities Cable TvElectricInternet AvailablePg&E Water Source Water-Public Year Built Source Other

    Listing information © 2020 Bay Area Real Estate Information Services.
    Listing courtesy of Gary Izard of Independent Rl Est Brokers.


    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hiraeth Homes. Data last updated: 2020-10-23T06:56:16.88.
     
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