For Sale
$720,000

5702 Lindhurst Ave Marysville, CA 95901

Seven-unit apartment building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a well-maintained, seven-unit apartment building located at 5702 Lindhurst Avenue in Marysville, California. The property boasts a total of 3,700 square feet situated on a 0.37-acre lot, with a permitted C zoning classification. Built in 1954, this two-story building offers a strong 6.24% capitalization rate and a current Net Operating Income (NOI) of $44,963, reflecting a 100% occupancy rate. The asking price is $720,000, translating to $102,857 per unit and $194.59 per square foot. The units are primarily two-bedroom apartments, presenting an add-value opportunity due to below-market rents. The property's convenient location near Costco and Walmart adds to its appeal. The property's Assesor's Parcel Number (APN) is 021-313-015. This is a rare chance to acquire a stable, income-generating multifamily property in a desirable location with significant upside potential. The property is situated in Yuba County, California, with a 95901 zip code.

Highlights

  • Predominantly two-bedroom apartments.
  • Significant value-add potential.
  • Below-market rental rates.
  • Convenient location near Costco and Walmart.

Property Details for 5702 Lindhurst Ave

Property type
Apartment buildings
Square Feet
3,700 SF
Year Built
1954
Buildings
1
Stories
2
Lot Size (sq. ft)
16,117 SF
Units
7

Location Insight

City
Marysville
County
Yuba
State
California
Latitude
39.118403
Longitude
-121.5628925

FAQs

What type of property is this?
Apartment building - Seven-unit apartment building, high occupancy.
Where is the apartment building located?
The property is located at 5702 Lindhurst Ave Marysville, CA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Predominantly two-bedroom apartments.; Significant value-add potential.; Below-market rental rates.
How can I contact the broker?
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5702 Lindhurst Ave
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