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71-83 Solano Ave

15 Unit Block of Flats £2,187,053 (£145,804/Unit) 5.92% Net Initial Yield Bay Point, CA 94565

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EXECUTIVE SUMMARY

71-83 Solano Avenue features a unix mix consisting of (11) One-Bedroom/One-Bath Units, (3) Studios and a single Two-Bedroom/One-Bath unit situated on 0.80 acre parcel. Located in Bay Point, CA, the subject property offers investors the opportunity to acquire an asset with a history of strong rental performance. Bay Point has been described as one of the last affordable cities in the Bay Area leading to strong demand for housing and apartments within Bay Point. The property is conveniently located, providing quick access to highway 4 and the 680 freeway and situated less than two miles from the Pittsburg/Bay Point BART station. Residents will also find convenience in being able to access grocery stores, shops, services and restaurants along Willow Pass Road.

PROPERTY FACTS

Price	£2,187,053	Apartment Style	Low Rise
Price Per Unit	£145,804	Building Class	C
Sale Type	Investment	Lot Size	0.14 AC
Net Initial Yield	5.92%	Building Size	6,150 SF
Gross Rent Multiplier	10.37	Number of Floors	1
No. Units	15	Year Built	1948
Property Type	Multifamily	Parking Ratio	2.6/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£2,187,053
Price Per Unit	£145,804
Sale Type	Investment
Net Initial Yield	5.92%
Gross Rent Multiplier	10.37
No. Units	15
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.14 AC
Building Size	6,150 SF
Number of Floors	1
Year Built	1948
Parking Ratio	2.6/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.