$3,799,000 Price Analysis    ♡   Benicia, CA 94510 40 bed 0 bath 14,880 SqFt ($255/SqFt) 0.57 acre lot. Built 1965 Listed 2024-04-26, Taxes $42,962 | Ⓧ USDA Ineligible due to price & location near Benicia |
Attractive corner lot 16-Unit contemporary Apartment Complex in a well-established and serene Benicia neighborhood with top-rated amenities including parks
* Sale Pending *Schools, shopping and downtown close by. 1112 6th Street, which consists of 3 freestanding buildings on a .57 Acre lot, with eight 3BD/1BA and eight 2BD/1.5BA units, w ill be delivered with 5 units vacant at close. 8 of the apartments are 2-level townhouse-style units w/private rear patios, 1.5BAs and a shared front garden. The complex also features parking for most tenants, including 7 covered spots and a commercial laundry room. Per the public tax records, the property measures 14, 880 Sq Ft on the interiors and is located on a 25, 000 Sq Ft lot.
The complex has a projected gross annual income in the $389, 000 range with a projected Cap Rate in the 5.7% range and upsde for the next owners. Last sold in 2020, many of the units have been updated and the previous owners stated they had completed exterior front-building repairs and updates including new Mansard siding, asphalt-replacement, curb drainage, water main pipes and 2 new staircases. Excellent location, w/easy access to shopping, dining, parks, schools, public transit and freeway access, should provide an attractive tenant offering for years to come.
Presented by Andrew De Vries at
Berkshire Hathaway HomeServices Franciscan Properties.
Property MLS #324030565 from SanFrancisco
Free Standing Gas Range
Free Standing Gas Oven
Laundry Features: In Common Area
Garage Spaces: 8
Open Parking Spaces: 8
Parking Features: Attached
Parking Total: 16
Lot Size Acres: 0.5739
Lot Size Square Feet: 24999
Calculated Total Monthly Association Fees: 0
Number of 2 Bedroom Units: 8
Number of 3 Bedroom Units: 8
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Half Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 6
Total Rooms in Unit-2: 5
Unit-1 Description: 1112 6th Street
Unit-2 Description: 613 East K Street.
Unit-1 Square Feet: 860
Unit-2 Square Feet: 850
Unit 1 Total Actual Rent: 2150
Unit 2 Total Actual Rent: 2100
County: Solano
Cross Street: East K
Directions: East K to East 6th
Source Property Type: Residential Income
Area: Benicia 3
Source Neighborhood: Benicia 3
Postal Code Plus 4: 3556
Property Subtype: 5 or More Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $2,794,800 + $816,000 $3,610,800 | $42,962 |
| 2021 | $2,740,000 + $800,000 $3,540,000 | $42,087 |
| 2020 | $370,624 + $64,638 $435,262 | $5,169 |
| 2019 | $363,357 + $63,371 $426,728 | $5,079 |
| 2018 | $356,233 + $62,129 $418,362 | $4,949 |
| 2017 | $349,249 + $60,911 $410,160 | $4,835 |
| 2016 | $342,401 + $59,717 $402,118 | $4,874 |
| 2015 | $337,258 + $58,820 $396,078 | $4,751 |
| 2014 | $330,652 + $57,668 $388,320 | $4,695 |
| 2013 | $329,158 + $57,407 $386,565 | $4,487 |
| 2012 | $322,704 + $56,281 $378,985 | $4,335 |
| 2011 | $316,376 + $55,177 $371,553 | $4,233 |
| 2010 | $314,011 + $54,765 $368,776 | $4,205 |
| 2009 | $314,757 + $54,895 $369,652 | $4,193 |
| 2008 | $308,585 + $53,819 $362,404 | $4,062 |
| 2007 | $302,534 + $52,764 $355,298 | $3,972 |
$3,799,000
SanFrancisco
Sold 2020-09-11
$3,540,000
Public Record
Year Built: 1965
Construction Materials: Wood
Foundation Details: Concrete Perimeter
Levels: Two
Property Age: 59
Roof: Composition
Structure Type: Apartments
Architectural Style: Contemporary
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.