510 E N St Benicia, CA 94510

Driftwood Apartments presents the opportunity to acquire a well-maintained 13-unit multifamily property in the desirable waterfront community of Benicia. The property consists of twelve two-bedroom, one-bath units and one standalone studio cottage, offering an attractive unit mix with a strong history of tenant performance and ongoing property improvements. Ownership has consistently reinvested in the property over the years, with units upgraded as they turn over and numerous improvements made to the buildings and site. Notable improvements include an engineered site drainage system, protective roof coatings on two buildings, and regular parking lot sealing and striping approximately every five to six years. The property also features mature landscaping and well-maintained common areas. Each building is equipped with a washer and dryer (owned) and a 75-gallon hot water heater. Additional property features include separately metered units, covered assigned parking, and a dedicated storage unit for each residence, providing conveniences that are attractive to tenants and help differentiate the property within the local rental market. Driftwood Apartments benefits from a stable existing tenant base, with all tenants currently paying on time and no outstanding collections or tenant balances owed. The combination of consistent ownership maintenance, upgraded units, covered parking, storage, mature landscaping, and a desirable Benicia location provides an investor with a well-positioned multifamily asset offering durable in-place income.