Properties for Sale Nebraska Street, Vallejo, CA Prepared for Morley Fredericks Real Estate Services 1/27/2015

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Britton Cummings
5 years ago
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Prepared for Morley Fredericks Real Estate Services 1/27/2015 Presented by Steve Crane Morley Fredericks Real Estate Services (415) 806-5455 steve@morleyfredericks.

1 Prepared for Morley Fredericks Real Estate Services 1/27/2015 Presented by Steve Crane Morley Fredericks Real Estate Services (415) License: Properties for Sale Nebraska Street, Vallejo, CA Property Details Price $525,000 No. Units 6 Building Size 4,200 SF Lot Size 6,000 SF Price/Unit $87,500 /Unit Property Type Multifamily Property Sub-type Garden/Low-Rise Property Use Type Investment Commission Split 2% Cap Rate 5.90% Gross Rent Multiplier 9.07 Occupancy 100% Tax ID/APN Status Active Property Notes Property Description 615 Nebraska Street represents an excellent opportunity to acquire a well-maintained 6 unit building with significant upside in many of the existing rents. The property is composed of (2) two story buildings on a 6,000 square foot lot with stucco exteriors, dual pane windows, concrete stairs and landings. The roofs are both composite shingle and Spanish tile. The units are individually metered for electric and gas, and feature gas furnaces, refrigerators, electric stoves, ceiling fans, built in cabinets, tile in the bathrooms, Pergo flooring and carpet. There is also a common area laundry facility for tenant' s convenience. Location Description The property is centrally located within a short 5 minute drive of both highway 37 and highway 80, and provides tenants convenient access to shopping, public transportation (the Vallejo Ferry Terminal a 5 minute drive or a 30 minute walk) public schools, and employment. Marin County is a 15 minute drive away and thus the location affords tenants geographic mobility.

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2 121 Louisiana Street, Vallejo, CA 94590 Property Details Price $1,488,000 No. Units 14 Building Size 9,500 SF Lot Size 19,500 SF Price/Unit $106,285.

3 2 121 Louisiana Street, Vallejo, CA Property Details Price $1,488,000 No. Units 14 Building Size 9,500 SF Lot Size 19,500 SF Price/Unit $106, /Unit Property Type Multifamily Property Sub-type Garden/Low-Rise Property Use Type Investment Commission Split 2.50% Cap Rate 5% Gross Rent Multiplier Occupancy 98% Tax ID/APN Status Active Property Notes Property Description Solid Multi-Unit building close to Ferry Terminal with views of the Napa River. Steady rental income with potential for increases. Coin operated laundry on-site (w/contract). 13 units are individually metered. Broker has financial interest in property. Location Description Convenient to the Ferry Terminal and Downtown.

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3 150 West J Street, Benicia, CA 94510 Property Details Price $950,000 No.

8 3 150 West J Street, Benicia, CA Property Details Price $950,000 No. Units 10 Building Size 3,700 SF Lot Size 11,250 SF Price/Unit $95,000 /Unit Property Type Multifamily Property Sub-type Garden/Low-Rise Property Use Type Investment Commission Split 3% Cap Rate 7% Gross Rent Multiplier 9 Occupancy 20% No. Stories 1 Year Built 1918 Tax ID/APN Status Active Property Notes Property Description Charming, Turn-of-the-Century Charmer! Upgraded, Modernized and Turn Key Ready. Existing Multifamily is best use, but easily offer-able as a Medical or Professional Community/Condo Office Space, Artisan Community or possible Assisted Living. Ten unique and pristine units with a large entry porch that fully wraps around front have of this unique one story building. Two front private rooms/offices with private baths and separate entrances to the front and side porches. Six paired rooms/offices with shared modern bathrooms, one additional private room/office, a modern common kitchen and a separate private two bedroom apartment takes up the rear of the property that is bathed in light and modernized as well. All new HVAC and mechanicals that includes plumbing, sewage, dual water heaters, electrical and controls. Lovingly and expertly updated, upgraded and detailed to a very high standard. The grounds are in exceptional condition with fifty plus year old palms in front and a centuries old shade tree on the side of the property. This is a must see opportunity for someone who wants a unique and underutilized investment/income property. Location Description Benicia downtown, in itself is a must see. The unique nature of this town can be felt and it is clearly evident that it is loved and enjoyed by it's residence and business owners alike. To compare it the more "well known" towns of Sausalito, St Helena, Sonoma, Carmel is somewhat unfair, as Benicia in many ways is just the right amount of "not to be taken so seriously" in a most positive way. It has quiet and unpretentious charm in so many ways. You know it when it is there in a community...it is here in Benicia. Maybe it is a bit

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4 1161 Benicia Road, Vallejo, CA 94591 Property Details Price $1,100,000 No. Spaces 28 Building Size 4,874 SF Lot Size 1.34 AC Price/Space $39,285.

10 Benicia Road, Vallejo, CA Property Details Price $1,100,000 No. Spaces 28 Building Size 4,874 SF Lot Size 1.34 AC Price/Space $39, /Space Property Type Multifamily Property Sub-type Mobile Home/RV Community Property Use Type Investment Cap Rate 10% Tax ID/APN Status Active Property Notes Property Description Great property, great location, At Benicia border. This is a multi-use mobile home/rv park. There are 28 spaces total a mix of bungalows and RV spaces. Trailer spaces have electric, water and sewer hook-ups. There are 7 cottages/bungalows in all. The largest bungalow is a 2 bedroom 1 bath unit. There are two 1 bedroom 1 bath units and four studio cottages. In addition, there are also laundry facilities for more income potential.the seller has done extensive renovations on the entire site. The cottages have been renovated inside and out.this is a great opportunity for future development due to the dual zoning of multi family and RV park. Location Description From 780 turn North on Home Acres Avenue and then turn East on Benicia Avenue.

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5 467 Fleming Ave E, Vallejo, CA 94591 Property Details Price $1,699,000 No. Units 16 Building Size 10,512 SF Lot Size 23,637 SF Price/Unit $106,187.

12 5 467 Fleming Ave E, Vallejo, CA Property Details Price $1,699,000 No. Units 16 Building Size 10,512 SF Lot Size 23,637 SF Price/Unit $106, /Unit Property Type Multifamily Property Sub-type Garden/Low-Rise Property Use Type Investment Cap Rate 7.62% Gross Rent Multiplier 9.83 Occupancy 100% No. Stories 2 Year Built 1971 Parking Ratio 20 / 1,000 SF Status Active Property Notes Property Description Showing Wednesday 12/10 1-2:30pm467 Fleming Ave is a wonderful opportunity for a new or seasoned investor. The property is a well maintained 16 unit apartment building located in a quiet neighborhood of Vallejo, California. The two story property was constructed in 1971 of concrete foundation, wood frame and stucco exterior. The property consists of approximately 10,512 square feet of residential living space spread out on over 23,637 square feet. The property consists of four two bedroom one bath units and twelve one bedroom one bath units. There is onsite laundry for additional income, and most of the units have had recent renovations throughout over the past few years. The property offers ample garage and onsite parking, and is well located close to dining, shopping, public transportation, and much more. Location Description Vallejo is one of the markets in the Bay Area which has emerged from the downturn and has grown considerably. Vallejo presents a great opportunity for an investor to come in, raise rents, and not be subject to rent control or other government scrutiny. 467 Fleming Avenue is near the California Maritime Academy and close proximity to highway 80, making this building perfect for all types of tenants. Nearby parks include Fairmont Park, Grant Mahoney Park and Hanns Park. Nearby schools include North Hills Christian School, Highland Elementary School and St Basil Elementary School. Many analysts predict values will increase 7.6% next year, compared to a 7.7% increase for Vallejo as a whole.contact Nick Blanch for a complete marketing package!

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6 209 Brown Street, Vacaville, CA 95688 Property Details Price $2,190,000 No. Units 21 Building Size 12,940 SF Lot Size 1.39 AC Price/Unit $104,285.

16 6 209 Brown Street, Vacaville, CA Property Details Price $2,190,000 No. Units 21 Building Size 12,940 SF Lot Size 1.39 AC Price/Unit $104, /Unit Property Type Multifamily Property Sub-type Garden/Low-Rise Property Use Type Investment Cap Rate 7.75% Gross Rent Multiplier 9.30 Occupancy 100% No. Stories 1 Year Built 1964 Tax ID/APN Status Active Property Notes Property Description PRICE REDUCTION 209 Brown Street, Vacaville, CA is 12,940 square feet of single story residential buildings and boasts a quiet courtyard setting. With the majority of the leases on a month-to-month, it presents a unique opportunity for an investor to repositionthe Property, or developer to reimagine this one of a kind Vacavilleasset. Multiple tenants are Section 8 subsidized. Location Description Centrally located in Vacaville with immediate access to I-80. Bedroom community to the Bay Area. 20 schools in the vicinity part of Vacaville unified school district.

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7 1945 Louisiana St, Vallejo, CA 94590 Property Details Price $865,000 No. Units 11 Building Size 7,125 SF Lot Size 0.24 AC Price/Unit $78,636.

18 Louisiana St, Vallejo, CA Property Details Price $865,000 No. Units 11 Building Size 7,125 SF Lot Size 0.24 AC Price/Unit $78, /Unit Property Type Multifamily Property Sub-type Garden/Low-Rise Property Use Type Investment Cap Rate 7.60% Gross Rent Multiplier 7.60 Occupancy 100% Tax ID/APN Status Active Property Notes Property Description Cap Rate and GRM based on Market Income & Expenses. Please contact listing broker for a full offering Memorandum Location Description Sunset Apartments are located in the northeast quadrant of Vallejo, The property has convenient access to Interstate 80 and 780 offering residents connections to the San Francisco Bay Area, Sacramento and Lake Tahoe, Silicon Valley and Marin/Sonoma. Vallejo also has a daily high speed ferry to San Francisco. There is a major retail center just one mile east. Major industries include health care and entertainment.

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8 148 N. 3rd Street, Rio Vista, CA 94571 Property Details Price $449,950 No. Units 6 Building Size 4,200 SF Lot Size 8,400 SF Price/Unit $74,991.

20 8 148 N. 3rd Street, Rio Vista, CA Property Details Price $449,950 No. Units 6 Building Size 4,200 SF Lot Size 8,400 SF Price/Unit $74, /Unit Property Type Multifamily Property Sub-type Garden/Low-Rise Property Use Type Investment Commission Split 2% Cap Rate 7.29% Gross Rent Multiplier 8.33 Occupancy 100% No. Stories 2 Year Built 1935 Tax ID/APN Status Active Property Notes Property Description This charming six unit property is located at 148 N. 3rd Street in Rio Vista, CA. The subject property consists of an approx SF house and 5 additional units on a 8400 SF parcel. The unit mix is comprised of (1) Studio, (4) - 1B/1B units and (1) - 3B/1.5B home. All of the units are separately metered for electric and gas and each unit has its own hotwater heater. Tenants also pay for garbage. Major renovations were completed (Roof, Electrical, Heating Units,Interiors, Etc) to the Studio and One Bedroom Units approx. 12 years ago by current owner.this is an excellent opportunity for an investor to purchase a turn-key asset in a very strong rental market. The subject's rents are below market, leases are month-to-month, tenants are long-term and the property consistently stays 100% occupied. Subject is in excellent condition and ready for a new owner. The vacant unit just became available. Subject shows up as a 5 unit property with City Records but all improvements made by current owner were done withpermits.please drive-by but DO NOT DISTURB TENANTS. All offers to be made subject to interior inspection. Location Description Rio Vista is located in the Delta on Highway 12 between Fairfield and Lodi CA.

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9 523 East Monte Vista Ave., Vacaville, CA 95688 Property Details Price $470,000 No.

22 9 523 East Monte Vista Ave., Vacaville, CA Property Details Price $470,000 No. Units 4 Building Size 3,328 SF Lot Size 6,612 SF Price/Unit $117,500 /Unit Property Type Multifamily Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 3% Cap Rate 7% Occupancy 100% Tax ID/APN Status Active Property Notes Property Description Exceptional location. Andrews Community Park just across from the property. This 4 unit apartment has all new exterior paint & roof coating. Property shows really well. Currently, 1 each -1 bed is renting for $760, 2 each 2 bedrooms are renting for $895 & $ each - 3 bedrooms unit is renting for $1,075. Yearly total rental income is $42,660.Owner pays for all water & garbage bills. Tenants pay for PG&E and other bills. Showing from outside only with your clients. Interior showing only after accepted offer. Please do not disturb tenants. Two lower units have separate private backyards and two upper units have separate private balcony. Send offers by at nexgenrealestate@gmail.com. Escrow opened with the North American Title Co (escrow # ). Location Description Property located between Dobbins St and Vine St, across from the Andrews Community Park.

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10 15 Burnham St., Vallejo, CA 94590 Property Details Price $1,800,000 No. Units 14 Building Size 9,936 SF Lot Size 27,950 SF Price/Unit $128,571.

24 10 15 Burnham St., Vallejo, CA Property Details Price $1,800,000 No. Units 14 Building Size 9,936 SF Lot Size 27,950 SF Price/Unit $128, /Unit Property Type Multifamily Property Sub-type Garden/Low-Rise Property Use Type Investment Commission Split 2% Cap Rate 5.57% No. Stories 2 Year Built 1962 Tax ID/APN Status Active Property Notes Property Description The Burnham Street Apartments are comprised of a pair of two-storybuildings atop a small rise on Burnham Avenue in the Bay Terraceneighborhood of Vallejo, CA. All fourteen of the living units are of the2 bedroom/ 1 bath type, and measure roughly 700 SF each. Tenantsshare a common, uncovered parking lot on the east side of the property.the buildings date back to a 1962 construction. All units are individuallymetered for gas and water. A coin-operated laundry room is onsite. Location Description The property is in western Vallejo's Bay Terrace subdivision, a fewblocks away from River Park and the Napa River. Award-winningschools are located within a half-mile of the property, along with KaiserHospital, numerous parks, and even Solano County's only municipalmarina. Plans for a major Marina Vista and Waterfront redevelopmentsignal a bright future for this area.

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11 942 Callen Street, Vacaville, CA 95688 Property Details Price $875,000 No. Units 6 Building Size 5,408 SF Lot Size 12,600 SF Price/Unit $145,833.

26 Callen Street, Vacaville, CA Property Details Price $875,000 No. Units 6 Building Size 5,408 SF Lot Size 12,600 SF Price/Unit $145, /Unit Property Type Multifamily Property Sub-type Garden/Low-Rise Property Use Type Investment Commission Split 3% Cap Rate 6.49% Gross Rent Multiplier Occupancy 100% No. Stories 2 Year Built 1967 Tax ID/APN Status Active Property Notes Property Description 2 Buildings, 6-2x1 units total,2 units in front building and 4 units in rear building, wall to wall carpet in all units, room air conditioners in units, front 2 units have washer /dryer area in units, rear 4 units have common laundry room, well maintained grounds, lots of parking on and off street,( willing to trade for San Jose CA home) Location Description Located in good residential area with mostly single family homes, Vacaville Unified School District, close to shopping, easy access to Hwy 80 next to commercial,zoning is commercial,may be used as half way house,pre school, ect.

12 1393 Callen St., Vacaville, CA 95688 Property Details Price $499,000 No.

27 Callen St., Vacaville, CA Property Details Price $499,000 No. Units 4 Building Size 3,712 SF Lot Size 6,848 SF Price/Unit $124,750 /Unit Property Type Multifamily Property Sub-type Duplex/Triplex/Fourplex Property Use Type Investment Commission Split 2.50% Cap Rate 5.80% Gross Rent Multiplier Occupancy 100% Tax ID/APN Status Active Property Notes Property Description Excellent opportunity! Well-located, well-managed 4 unit townhouse apartment building. All units are 2 br, 1.5 baths, with central heat and air, washer/dryer hookups, and private rear patios. Good upside potential - current rents on 3 of the units are below market. Location Description Very quiet, peaceful neighborhood near E. Monte Vista Ave.

SHAWN WILLIS DOWNTOWN MARTINEZ COTTAGES OFFERED AT $945,000. INCOME PROPERTY SERVICES A.G.

SHAWN WILLIS DOWNTOWN MARTINEZ COTTAGES OFFERED AT $945,000. INCOME PROPERTY SERVICES A.G. DOWNTOWN MARTINEZ COTTAGES 1104 &1108 ALHAMBRA AVENUE & 416 MELLUS ST, MARTINEZ, CA 94553 OFFERED AT $945,000 SHAWN WILLIS 925.988.0502 Shawn@IPSrealestate.com Page INCOME PROPERTY SERVICES A.G. 1343 LOCUST