1388 Alamo DrVacaville, CA 95687

Property Details for 1388 Alamo Dr

Year built

1953

Lot size

2.56 AC

Property type

Land

Property subtype

Residential income homes

Description

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.

Location Insight

City

Vacaville

County

Solano

State

California

Latitude

38.3371

Longitude

-121.988

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].