71-83 Solano Ave - Apartments FOR SALE


Bay Point, CA 94565
$2,395,000 USD
707-673-6095
71-83 Solano Ave, Bay Point, CA for Sale
$2,395,000 USD
Apartments - FOR SALE
1/36
null | 7.24% Cap Rate

71-83 Solano Ave
Bay Point, CA 94565


HIGHLIGHTS

  • 3.6% Assumable Loan, Extra room on lot for development, growing population, good rental history.

OVERVIEW

Offering Memorandum upon request. Incredible income-producing 15-unit apartment complex with steady cash flow and room for growth! 71-83 Solano Ave. presents a rare opportunity to acquire a turnkey multi-family asset with an assumable loan at an attractive 3.6 interest rate, subject to lender and seller approval. This property boasts a strong in-place cap rate making it a compelling acquisition for both seasoned and value-add investors. The unit mix includes studios and 1-bed layouts, attracting stable tenancy across multiple demographics. The property is situated on a large lot with potential for future development or expansion (buyer to verify). Updated exterior features, solid rent roll, and professional property management already in place make for a low-maintenance investment with immediate cash flow and upside potential. Located in Contra Costa County's growing Bay Point market, with close proximity to BART, Highway 4, and regional employment centers. Ideal for 1031 exchange buyers, LLC investors, or those seeking a long-term portfolio hold.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$428 USD /SF

# OF UNITS

15

PRICE/UNIT

$159,667

CAP RATE

7.24%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bay Point 15-Plex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

M-17, County

APN/PARCEL ID

096-032-031-5

ASK ABOUT THIS PROPERTY

Ryan NemeyerEngel & Volkers NapaMore Info
707-673-6095

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Ryan NemeyerEngel & Volkers NapaMore Info
707-673-6095

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