www.416BeniciaRd.com; 16-unit apartment complex spread across two parcels with 8 units per parcel. The current cap rate is 6.98% and the current GRM is 9.29. The unit mix consists of 5 2bd/1bth units, 8 1bd/1bth units, and 3 studio units with strong current cash flow and excellent rental upside. Seller financing is being offered with excellent terms. The property was originally built in 1937, offers approximately 11,803 square feet of living space, and sits on a 9,582 square foot combined lot with off-street parking. Many units have been remodeled over time and offer new kitchen and bathrooms, new paint, new double pane windows, and more. The property is easy to manage, all the tenants are current on rent, and an onsite property manager is not legally required due to the property having only 8 units per parcel. The exterior and interior are in good condition with no deferred maintenance resulting in an attractive, turn-key investment.
Property Details
Property Features
Property Information:
Year Built: 1937
Listing Office:
Office Name: The Pinza Group, Inc
Office Phone: (510) 725-4775
Listing Agent: David Howarth
Lot Features
Lot Information:
Lot Size: 0.22 Acres
Utilities
Utilities Information:
Heating: Other
Cooling: Other
Other
Directions Information:
Directions: Starr Ave Right on Benicia Rd Cross Street: Starr Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $2,995,000
Tax Information:
Annual Amount: $9,711
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Vallejo, CA.
This property is $2.4M more than the Median Sold Price in Vallejo, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #41077829
Listing Office:
Office Name: The Pinza Group, Inc
Office Phone: (510) 725-4775
Listing Agent: David Howarth
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 7:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 30, 2001
Mar 30, 2001Home Sold
$449,000
Oct 18, 1990
Oct 18, 1990Home Sold
$250,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$9,711
$290,248
2020
$9,505
$287,273
2019
$8,208
$281,641
2018
$8,209
$276,119
2017
$7,592
$270,706
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Steffan Manor Elementary School
815 Cedar St
Distance between this listing and this school0.62 miles
Public District Grades KG-5
4
/10
Grace Patterson Elementary School
1080 Porter St
Distance between this listing and this school1.10 miles
Public District Grades KG-5
1
/10
Lincoln Elementary School
620 Carolina St
Distance between this listing and this school1.23 miles
Public District Grades KG-5
Nearby Schools
6
/10
Cave Language Academy
770 Tregaskis Ave
Distance between this listing and this school1.06 miles
Public District Grades KG-8
4
/10
Hogan Middle School
850 Rosewood Ave
Distance between this listing and this school1.41 miles
Public District Grades 6-8
3
/10
Vallejo Charter
2833 Tennessee St
Distance between this listing and this school1.41 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
John Finney High (Continuation)
1347 Amador St
Distance between this listing and this school1.22 miles
Public District Grades 9-12
3
/10
Vallejo High School
840 Nebraska St
Distance between this listing and this school1.43 miles
Public District Grades 9-12
4
/10
Jesse Bethel High School
1800 Ascot Pkwy
Distance between this listing and this school2.39 miles
The neighbors living near this home have an average income of $46,250. The majority of Vallejo, CA residents have income less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 416 Benicia Rd
What is the listing price of this property?
The listing price of 416 Benicia Rd property is $2,995,000.
What type of property is this?
The property 416 Benicia Rd is a house located in Vallejo, California, 94590.
Is this property for sale now?
Active Listing: 416 Benicia Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $9,711 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 30, 2001 for $449,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 416 Benicia Rd is 1937.
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This home is located at 416 Benicia Rd in Vallejo, CA and zip code 94590 in the South Vallejo neighborhood. This home, which was built in 1937, sits on a 0.22 acre lot. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $2,995,000.
Over 34 listings were sold over their listed price in November 2024 in Vallejo, CA. In the same period over 16 listings were sold below the listed price and 12 listings were sold for the listed price. The number of listings in Vallejo, CA decreased by 6% between October 2024 and November 2024. In November 2024 median list price was $525,333 and the average listing age was 25 days.
From Rocket Homes Real Estate and based on county public records data.