Language and Region
Currency

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

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

963 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

768 Chestnut St

5 Unit Block of Flats £599,224 (£119,845/Unit) 6.70% Net Initial Yield Yuba City, CA 95991

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

100% occupied.
Recently renovated.

Current market rents.

Executive Summary

Investment opportunity to own five (5) units in central Yuba City. Subject property consists of a 4-plex (each unit is 1 bedroom and 1 bath) that is approximately 2,286 SF and a detached 2 bedroom, 1 bath home that is approximately 576 SF. Recent updates include new composition roofing, dual pane windows, stucco repairs, updated bathrooms/kitchens, flooring, paint and much more. Most of the units benefit from their own indoor laundry. Off-street parking available. Currently the back house is rented for $1,550.00 and the 4-plex units are rented at $1,250.00 each. Property produces gross rents of $6,550.00 per month or $78,600.00 annually.

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£61,567	£21.53
Other Income	-	-
Vacancy Loss	£1,847	£0.65
Effective Gross Income	£59,720	£20.88
Taxes	£4,621	£1.62
Operating Expenses	£14,743	£5.15
Total Expenses	£19,365	£6.77
Net Operating Income	£40,356	£14.11

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£61,567
Annual Per SF	£21.53

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	£1,847
Annual Per SF	£0.65

Effective Gross Income
Annual	£59,720
Annual Per SF	£20.88

Taxes
Annual	£4,621
Annual Per SF	£1.62

Operating Expenses
Annual	£14,743
Annual Per SF	£5.15

Total Expenses
Annual	£19,365
Annual Per SF	£6.77

Net Operating Income
Annual	£40,356
Annual Per SF	£14.11

Property Facts

Price	£599,224	Building Class	B
Price Per Unit	£119,845	Lot Size	0.15 AC
Sale Type	Investment	Building Size	2,860 SF
Net Initial Yield	6.70%	Average Occupancy	100%
No. Units	5	Number of Floors	2
Property Type	Residential	Year Built/Renovated	1925/2024
Property Subtype	Apartment	Parking Ratio	1.75/1,000 SF
Apartment Style	Low Rise	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	£599,224
Price Per Unit	£119,845
Sale Type	Investment
Net Initial Yield	6.70%
No. Units	5
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	0.15 AC
Building Size	2,860 SF
Average Occupancy	100%
Number of Floors	2
Year Built/Renovated	1925/2024
Parking Ratio	1.75/1,000 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.