102-116 Avian Dr - Apartments FOR SALE


Vallejo, CA 94591- East Vallejo
$2,100,000 USD
510-851-2748
102-116 Avian Dr, Vallejo, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/21
null | 5.05% Cap Rate

102-116 Avian Dr
Vallejo, CA 94591
East Vallejo


HIGHLIGHTS

  • Attractive investment metrics with a 5.05% cap rate and NOI exceeding $125,000.
  • Surrounded by residential communities, retail amenities, and public transportation.
  • Located near San Pablo Bay, offering easy access to Sacramento and San Francisco.
  • Professionally managed property with dedicated parking for each unit.
  • Private balconies with scenic views and in-unit laundry for tenant convenience.
  • Eight remodeled townhome-style units with modern kitchens and stainless steel appliances.

OVERVIEW

This 8-unit townhome-style apartment complex, located at 102-116 Avian Drive in Vallejo, presents a compelling investment opportunity. Recently remodeled units feature modern kitchens with quartz countertops and stainless steel appliances, spacious living areas with private balconies offering scenic views, and convenient in-unit laundry. The property is professionally managed, ensuring smooth operations, and includes dedicated parking. Situated in East Vallejo, residents enjoy easy access to public transportation and the natural beauty of nearby San Pablo Bay. The location's proximity to both Sacramento and San Francisco, coupled with the area's diverse community and calm residential atmosphere, drives strong rental demand. This property offers a stable income stream with potential for future appreciation in a thriving coastal California market. The 8 unit townhome style apartments are located at 102-116 Avian Drive in Vallejo. Remodeled with updated kitchen with quartz counters, stainless steel appliances, spacious living room with private balcony and views, two levels, in-unit private laundry, one parking space, professionally managed and close to public transportation. The East Vallejo neighborhood represents city living at its best. Close to San Pablo Bay and only an hour from both Sacramento and San Francisco, the area provides a great place for renters looking for an apartment just north the San Francisco Bay. The diversity of the community and its surroundings give the neighborhood a unique cultural essence. Apartments, condos, and contemporary residential areas give the East Vallejo community a sense of calm among all of the other neighboring areas. Small diners, a few shops, and beautiful settings provide a great area for residency near California’s coast.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$256 USD /SF

# OF UNITS

8

PRICE/UNIT

$262,500

CAP RATE

5.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

MDR

APN/PARCEL ID

0069-462-050,0069-462-060

ASK ABOUT THIS PROPERTY

Brian BaniquedBCRE- Baniqued Commercial Real EstateMore Info
510-851-2748

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Brian BaniquedBCRE- Baniqued Commercial Real EstateMore Info
510-851-2748

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.