1321 Santa Clara Street

Vallejo, CA 94590

$4,600,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by Marc Guillon • DRE #01839798 • Gravitas Commercial Real Estate

Property Details for 1321 Santa Clara Street

Parking Features
Other-Rmks

Location

Listing Courtesy of Gravitas Commercial Real Estate, Marc Guillon, DRE #01839798
Add your commute
LISTING UPDATED: 04/08/2024 10:30 AM

Property Details for 1321 Santa Clara Street

StatusActive
MLS #324021278
Days on Compass32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1972
Lot Size0.92 AC / 39,870 SF
CountySolano County

Location

Listing Courtesy of Gravitas Commercial Real Estate, Marc Guillon, DRE #01839798
Add your commute

Building Information for 1321 Santa Clara Street

Stories2Residences35Year Built1972Building Size-Lot Size0.92 AC / 39,870 SF

Payment Calculator

$32,239 per month

30 year fixed, 7.25% Interest

Principal and Interest

$25,104

Property Taxes

$7,135

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1321 Santa Clara Street

Summary
Location and General Information
  • Area/District: Vallejo 5
  • Area Short Display: D0105
  • Cross Street: tennessee
  • City: Vallejo
  • County: Solano
  • State: CA
  • Zip Code: 94590
  • Zip Plus 4: 4355
  • Directions to Property: tennessee to santa clara
Taxes and HOA Information
  • APN: 0055-062-160
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
  • Association Fee: $.00
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Total Parking Spaces: 0
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Year Built Source: Other
  • Lot Size Acres: 0.9153
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 39870.0
  • Lot Features: Other
Property and Assessments
  • Year Built: 1972
  • Picture Count: 13
  • Elevation: 0
  • Property Disclaimer: All measurements and calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. <BR> All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. <BR> Copyright</A> &copy; 2024, MetroList Services, Inc. <BR> Any offer of compensation in the real estate content on this site is made exclusively to Broker Participants of the MetroList® MLS & Broker Participants of any MLS with a current reciprocal agreement with MetroList® that provides for such offers of compensation.
  • Census Tract: 0.0
  • Actual or Scheduled: Actual
Green Features
  • Green Verification Year: 0
Utilities
  • Sewer: Other
  • Water Source: Other
Interior and Exterior Features
Exterior Features
  • # of Floors: 0
  • # of Guest Space(s): 0
  • # Of Buildings: 0
  • Stories: 2
Interior Features
  • Heating: Other
  • Laundry Features: In Common Area
  • Cooling: Other
  • # of Rooms: 0
Room Information
1 Bedroom Unit
  • 1 Bedroom Rent Range: 0
  • # of 1 Bedroom Units: 25
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • 2 Bedroom Rent Range: 0
  • # of 2 Bedroom Units: 10
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • 3 Bedroom Rent Range: 0
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • 4 Bedroom Rent Range: 0
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Multi-Family Information
  • # Commercial Units: 0
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • # Of Units Total: 35
  • Total # Leasable: 0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Description: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 Occupancy: Tenant
  • Unit 1 Rent: $.00
  • Unit 1 Approx SqFt: 0.0
  • Unit 1 SqFt Source: Not Measured
  • Unit 1 # of Rooms: 0
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Description: 0
  • Unit 2 Full Baths: 0
  • Unit 2 Partial Baths: 0
  • Unit 2 Occupancy: Tenant
  • Unit 2 Rent: $.00
  • Unit 2 Approx SqFt: 0.0
  • Unit 2 SqFt Source: Not Measured
  • Unit 2 # of Rooms: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 Rent: $.00
  • Unit 3 Approx SqFt: 0.0
  • Unit 3 # of Rooms: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 Rent: $.00
  • Unit 4 Approx SqFt: 0.0
  • Unit 4 # of Rooms: 0
Income & Expenses
  • Operating Expense Includes: Other
Rental
Rent Information
  • Lease Deposit: 0.0
  • Studio Rent Range: 0
  • Studio Annual Occupancy: .00%

Property History for 1321 Santa Clara Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
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.

Similar Homes

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Similar Sold Homes

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1321 Santa Clara Street is a multi-family home for sale in Vallejo, CA 94590. This property was listed for sale on March 28, 2024 by Gravitas Commercial Real Estate, it's currently listed at $4,600,000. It has been on the market for a total of 32 days and was last sold on November 30, 2018. This listing's school district is Vallejo City Unified School District. Nearby schools include Mare Island Health And Fitness Academy, Vallejo High School and Mit Academy. 1321 Santa Clara Street is a 0-bed, 0-bath, multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Gravitas Commercial Real Estate, Marc Guillon, DRE #01839798

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