Sunnyvale | 310 5th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Sunnyvale 310 5th St
10 Unit Block of Flats £2,816,820 (£281,682/Unit) 4.52% Net Initial Yield Solvang, CA 93463
Investment Highlights
- Well maintained apartment building in quaint Danish town of Solvang
- Lots of upgrades in the last five years
- 40% upside in rents
Executive Summary
Don’t miss this very rare opportunity to acquire a well-maintained 10-unit apartment building located in the heart of the desirable City of Solvang. All the units are 1 bed and 1 bath with separate electric and gas meters, and the residents enjoy a private laundry room and off-street parking in the rear of the building. Upgrades within the last 5 years include laminate flooring in many of the units, new water heater, new dual pane windows and a complete replacement of the asphalt driveway and parking lot. The units are close to all that downtown Solvang has to offer, including restaurants, galleries, shops, and more. With over 40% upside in rents, this property offers the prudent investor lots of upside opportunity.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | £2,816,820 | Apartment Style | Low Rise |
| Price Per Unit | £281,682 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Net Initial Yield | 4.52% | Building Size | 8,712 SF |
| Gross Rent Multiplier | 14.22 | Number of Floors | 2 |
| No. Units | 10 | Year Built | 1900 |
| Property Type | Residential | Parking Ratio | 1.15/1,000 SF |
| Property Subtype | Apartment |
| Price | £2,816,820 |
| Price Per Unit | £281,682 |
| Sale Type | Investment |
| Net Initial Yield | 4.52% |
| Gross Rent Multiplier | 14.22 |
| No. Units | 10 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,712 SF |
| Number of Floors | 2 |
| Year Built | 1900 |
| Parking Ratio | 1.15/1,000 SF |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 10 | £773.84 | 450 |
1 of 1
Walk Score ®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 139-200-012 | Improvements Assessment | £141,224 (2023) |
| Land Assessment | £23,393 (2023) | Total Assessment | £164,617 (2023) |
PROPERTY TAXES
Parcel Number
139-200-012
Land Assessment
£23,393 (2023)
Improvements Assessment
£141,224 (2023)
Total Assessment
£164,617 (2023)
zoning
| Zoning Code | DR-20 |
| DR-20 |
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Sunnyvale | 310 5th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.