Properties

Comm Ri Multi-units 5+ For Sale

11,850 Sqft - 1501 E 4th Street, BENICIA, California 94510

QR Code
Property Description

Benicia Heights represents a very rare opportunity to invest in the Benicia multifamily market. The property consists of three separate structures comprised of five units each for a total of twelve 2-bedroom, 1.5 bathroom apartments and three 1-bedroom, 1-bathroom units. The current ownership has consistently made upgrades to the units as they have turned over including the installation of new kitchen and bathroom cabinetry, appliance packages, paint, and flooring to 14 of the 15 units. Each 2-bedroom apartment features sweeping bay views, a balcony, a dishwasher, and a gas wall heater. All units include one covered parking space and enjoy access to the on-site coin-operated laundry facility. Limited landscaping; individual metering of gas and electric for all the 2-bedroom units; and no required on-site management keep operating expenses minimal.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40897668
Price : $3,550,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 11,850 Sqft
Year Built : 1969
Lot Area : 0.46 Sqft
Features
Heating System : Gas, Wall Furnace
Cooling System : Other, Window/wall Unit(s)
Basement : Other
View : Valley, Bay, Water
Roof : Composition Shingles, Rolled Composition
Address Map
Country : US
State : CA
County : Solano
City : BENICIA
Zipcode : 94510
Street : E 4th Street
Street Number : 1501
Floor Number : 0
Longitude : W123° 51' 10''
Latitude : N38° 3' 15.4''
MLS Addon
Office Name : JOSEPH M. TAPIA, BROKER
Building Type : 5 Or More Units
Area : Solano County
Address : 1501 E 4th Street
Cross Street : E O St
Directions to Property : North on E 4th
LA1User Code : R01868467
LA1Agent First Name : ETHAN
LA1Agent Last Name : BERGER
Status Category : Sold
Tot # Parking Spaces : 17
Tot # of Units : 15
List $/SqFt : $300
Age : 51
Apx Lot Sq Ft : 20,038 Sqft
Type of Building : Apt Complex
Annual Taxes : $46,256
Total Deposits : $0
ADDTL FEATURES MISC. : Balcony/patio
ALL UNITS HAVE : Oven Range Free Standing, Deck, Refrigerator
DISABLED FEATURES : Other
EQUIPMENT ADDITIONAL : Dryer, Washer
EXTERIOR : Wood, Wood Shingles, Shingles, Plaster
FLOORING : Other, Carpet, Tile
LOT DESCRIPTION : Regular, Other
ON-SITE PARKING DESC : Covered Parking, Garage Parking, Carport - 1
OPERATING EXPENSES : Electric, Insurance, Maintenance/repair, License/ads, Property Tax/assessments, Trash Removal, Utilities, Water, Miscellaneous/other
SEPARATE METERS : Electric, Gas
SOME UNITS HAVE : Updated Baths, Updated Kitchen, Deck
TENANT PAYS : Cable Tv, Electric, Gas
UNITS-OTHER : Other
WATER/SEWER : Water - Public, Sewer System - Public
ENERGY SAVING FEATURE : Other
LAUNDRY : In Laundry Room
Census Tract : None
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Other
Other Loans (Y/N) : No
1st Loan Balance : $9,750
2nd Loan Balance : $282,840
Tot Other Loans : $1,760
Financial Data Verif(Y/N) : 4.3%
FINANCIAL DATA SOURCE : Owner, Other, Estimated
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $3,895,000
Sold Price : $3,390,000
Previous Price : $3,750,000
Sale $/SqFt : $0
Comm Ri Multi-units 5+ For Sale
  • Listing ID : 40897668
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 11,850 Sqft
$3,550,000
Agent info
Contact Agent