424 San Marco StFairfield, CA 94533

Property Details for 424 San Marco St

Year built

1961

Lot size

0.17 AC

Property size (Sq ft)

3,840 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This charming 5-unit apartment building, located at 424 San Marco Street in Fairfield, California, presents a compelling investment opportunity. Built in 1961, the property boasts a total of 3,840 square feet and comprises five spacious two-bedroom, one-bathroom units, each approximately 768 square feet. The property features convenient amenities including on-site laundry facilities, covered parking, and storage units, enhancing tenant appeal. Landscaped grounds contribute to the property's overall attractiveness. Units have been updated with newer vinyl windows, wall-mounted air conditioning, newer appliances, flooring, and bathrooms. The current in-place income generates a 5.42% capitalization rate, with a pro-forma cap rate of 7.03%, offering significant potential for return on investment. Situated on a 0.17-acre lot, this property benefits from its prime location, providing easy access to both Sacramento and the Bay Area, making it an attractive option for commuters. The asking price is $985,000, or $197,000 per unit. This represents a price per square foot of $256.51. The property is a single, two-story building. This is a turnkey investment opportunity in a thriving market.

Location Insight

City

Fairfield

County

Solano

State

California

Latitude

38.2621

Longitude

-122.029

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