For Sale
$3,100,000

1500 4Th StBenicia, CA 94510

Prime Benicia location, 10 units, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 10-unit apartment building located at 1500 E. 4th St., Benicia, CA 94510. The property, built in 1969, consists of three buildings, each two stories high, totaling 9,441 square feet on three separate lots. The complex currently boasts 10 fully occupied units, offering immediate cash flow. Individual unit meters are in place, and a convenient on-site coin-operated laundry adds to the property's appeal. The combined living space is approximately 8,704 square feet. This Class C multifamily property presents a compelling value-add opportunity. Potential investors can increase rental income through strategic unit upgrades and rent adjustments as leases expire. The property benefits from its excellent location in Benicia, within Solano County, a landlord-friendly environment. Its proximity to I-780 ensures easy access to major transportation routes. This is a rare chance to acquire a well-maintained, income-producing asset in a desirable California market. The asking price is $3,100,000. Please note: Do not disturb tenants.

Highlights

  • 10-unit apartment building at 1500 E. 4th St., Benicia, CA 94510.
  • Built in 1969, totaling 9,441 square feet on three lots.
  • Currently 100% occupied, providing immediate cash flow.
  • Features individual unit meters and on-site coin-operated laundry.
  • Class C multifamily property offering value-add potential through unit upgrades and rent increases.
  • Excellent Benicia location near I-780, in a landlord-friendly environment.

Property Details for 1500 4Th St

Property type
Apartment buildings
Square Feet
9,441 SF
Class
C
Year Built
1969
Buildings
3
Stories
2
Units
10

Location Insight

City
Benicia
County
Solano
State
California
Latitude
38.0537255
Longitude
-122.1471286
1500 4Th St, Benicia, California

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1500 4Th St
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