For Sale
$1,998,000

1388 Alamo DrVacaville, CA 95687

Six rental homes on 2.5 acres. High occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 2.56-acre lot in Vacaville, CA (APN: 0127-262-090), featuring six single-family rental homes. Currently boasting 100% occupancy (as of August 21, 2024), this portfolio offers immediate income generation. The property comprises six one-story buildings, built in 1953, each with ample parking. The unit mix includes one three-bedroom, one-bathroom home and five two-bedroom, one-bathroom homes. Current monthly rents range from $1,200 to $1,500, generating significant cash flow. The property is zoned RL-6, presenting potential for subdivision or rezoning to unlock further development opportunities. Additional revenue streams could be explored through leasing space for trailers or semi-trucks. The asking price is $1,998,000, representing a price per unit of $333,000. An overbid hearing is scheduled for December 3, 2024. Details regarding the overbidding process are available in an attached document. This is a rare chance to acquire a substantial income-producing asset with significant upside potential in a desirable California location.

Highlights

  • $1,998,000 asking price for a six-unit single-family rental portfolio in Vacaville, CA.
  • 100% occupancy with a projected occupancy date of August 21, 2024.
  • Six single-story buildings on a 2.56-acre lot, built in 1953.
  • Property includes one 3 bed/1 bath and five 2 bed/1 bath units.
  • APN: 0127-262-090; $333,000 per unit; suitable for a 1031 exchange.

Property Details for 1388 Alamo Dr

Property type
Land, Residential income homes
Year Built
1953
Buildings
6
Stories
1
Lot Size (sq. ft)
111,514 SF
Units
6

Location Insight

City
Vacaville
County
Solano
State
California
Latitude
38.3371038
Longitude
-121.9878134
1388 Alamo Dr, Vacaville, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1388 Alamo Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message