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    1945 Louisiana St

    Vallejo, CA 94590
    • $2,300,000
    • STATUS: Active
    • ON SITE: 32 days
    • ID#: 40921850
    $2,300,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    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**

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    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-23T23:40:56.407.

    www.searcheastbayrealestate.com/homes/110252997
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    1945 Louisiana St Vallejo, CA 94590

    • Price: $2,300,000
    • Status: Active
    • ID#: 40921850
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    1962
    Built
    Neighborhood:
    Solano County
    County:
    Solano
    Area:
    Solano County
    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

    Additional Misc Features None Exterior Stucco Lot Description Regular Parking Description Parking AreaSpace Per Unit - 1 Parking Spaces Total 11 Parking Spaces Unit1 1 Parking Spaces Unit2 1 Parking Spaces Unit3 1 Parking Spaces Unit4 1 Roof Composition Shingles

    Interior Features

    Air Cond Unit1 No Air Cond Unit2 No Air Cond Unit3 No Air Cond Unit4 No All Units Have Oven Range Free StandingRefrigeratorUpdated Kitchen Apx Sq Ft Unit1 400 Apx Sq Ft Unit2 500 Apx Sq Ft Unit3 650 Apx Sq Ft Unit4 500 Basement None Bathrooms Unit1 1 Bathrooms Unit2 1 Bathrooms Unit3 1 Bathrooms Unit4 1 Bedrooms Unit1 0 Bedrooms Unit2 1 Bedrooms Unit3 2 Bedrooms Unit4 1 Cooling None Dining Room Unit1 No Dining Room Unit2 No Dining Room Unit3 No Dining Room Unit31 No Fireplace Unit1 No Fireplace Unit2 No Fireplace Unit3 No Fireplace Unit4 No Flooring CarpetLinoleumWood Heating Wall Furnace Laundry Coin OperatedCommunity FacilityIn Laundry Room Range Oven Unit1 Yes Range Oven Unit2 Yes Range Oven Unit3 Yes Range Oven Unit4 Yes Refrigerator Unit1 Yes Refrigerator Unit2 Yes Refrigerator Unit3 Yes Refrigerator Unit4 Yes

    Property Features

    Annual Expense Year 56345 Annual Gross Fee Income 192886 Annual Gross Sched Income 192886 Annual Insurance Expense 3387 Annual License Expense 378 Annual Maintenance Exp 12748 Annual Management Expense 8450 Annual Miscellaneous Inc 300 Annual Rental Inc 192587 Annual Taxes 22906 Annual Total Oper Exp 56345 Annual Utility Expense 7804 Annual Vacancy Expense 3 Building Type Apt Complex City Transfer Tax Yes Disabled Features Wheelchair Ramp(S) Equipment Additional Smoke DetectorIndividual Electric MeterIndividual Gas Meter Existing Lease Terms Other Financial Data Source Owner Gross Oper Actual Inc 33439 Hoa YN No Net Operating Income 159448 Operating Expenses InsuranceMaintenance/RepairManagementProperty Tax/AssessmentsTrash RemovalWater Other Annual Expense 0 Point Of Sale Ordinance No Rent Unit1 1020.00 Rent Unit2 1350.00 Rent Unit3 1550.00 Rent Unit4 1270.00 Separate Meters ElectricGas Special Information None Tenant Pays Cable TvElectricGas Tot Bldg Sq Ft 5750 Total Deposits 13000 Water Sewer Sewer System - PublicWater - Public

    Listing courtesy of Gary Izard of Independent Rl Est Brokers.


    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-23T23:40:56.407.

     
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