1321 Santa Clara Street
1321 Santa Clara Street
$4,600,000
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Description
35 units located at 1321 Santa Clara Street in Vallejo, commonly known as Pointe 38. The subject property consists of approximately 22,925 square feet and a unit mix of twenty-five (25) 1x1 units and ten (10) 2x1 units. The improvements were reportedly built in 1972. The going-in cap rate with 11 vacant units is 4.98%. Upon lease-up of the currently vacant units at $1,525 for the 1x1's and $1,700 for the 2x1's, the cap rate ascends to over 9%. Additionally, the vacant units are fully rehabbed and...35 units located at 1321 Santa Clara Street in Vallejo, commonly known as Pointe 38. The subject property consists of approximately 22,925 square feet and a unit mix of twenty-five (25) 1x1 units and ten (10) 2x1 units. The improvements were reportedly built in 1972. The going-in cap rate with 11 vacant units is 4.98%. Upon lease-up of the currently vacant units at $1,525 for the 1x1's and $1,700 for the 2x1's, the cap rate ascends to over 9%. Additionally, the vacant units are fully rehabbed and rent ready creating significant equity growth almost immediately after purchase and lease-up. The subject property as a whole has been renovated with new exterior paint, all new vinyl windows, new laundry machines and all new interiors. The Pointe 38 Apartments presents investors a unique equity growth opportunity with minimal capital outlay.
- Listed by Marc Guillon • DRE #01839798 • Gravitas Commercial Real Estate
Property Details for 1321 Santa Clara Street
Parking Features
Other-Rmks
Location
LISTING UPDATED: 04/08/2024 10:30 AM
Property Details for 1321 Santa Clara Street
Status | Active |
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MLS # | 324021278 |
Days on Compass | 32 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / 5 or More Units |
Year Built | 1972 |
Lot Size | 0.92 AC / 39,870 SF |
County | Solano County |
Location
Building Information for 1321 Santa Clara Street
Stories2Residences35Year Built1972Building Size-Lot Size0.92 AC / 39,870 SF
Payment Calculator
$32,239 per month
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Property Information for 1321 Santa Clara Street
Property History for 1321 Santa Clara Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1321 Santa Clara Street
Taxable ValueLand$857,760Additions$3,894,062Total$4,751,822
Tax Record2023$85,622 ($7,135 / month)
Home Facts
Total Finished SqFt20,525 SqFtAbove Grade Finished SqFt20,525 SqFtStories2Lot Size39,872 SqFtStyleMulti-Family Dwelling (2-4)Year Built1972CountySOLANOAPN0055-062-160
Schools near 1321 Santa Clara Street
This home is within Vallejo City Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
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Mare Island Health And Fitness Academy PublicK to 8 | ||
Vallejo High School Public9 to 12 | ||
Mit Academy Charter9 to 12 | ||
Mare Island Technology Academy Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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