$2,395,000
UNDER CONTRACT

Estimated payment $15,622/month

Total Views 924
9 Beds
10 Baths
5,590 Sq Ft
$428 Price per Sq Ft

About This Home

Incredible income-producing 15-unit apartment complex with steady cash flow and room for growth! 71-83 Solano Ave. presents a rare opportunity to acquire a turnkey multi-family asset with an assumable loan at an attractive 3.6 interest rate, subject to lender and seller approval. This property boasts a strong in-place cap rate making it a compelling acquisition for both seasoned and value-add investors. The unit mix includes studios and 1-bed layouts, attracting stable tenancy across multiple demographics. The property is situated on a large lot with potential for future development or expansion (buyer to verify). Updated exterior features, solid rent roll, and professional property management already in place make for a low-maintenance investment with immediate cash flow and upside potential. Located in Contra Costa County's growing Bay Point market, with close proximity to BART, Highway 4, and regional employment centers. Ideal for 1031 exchange buyers, LLC investors, or those seeking a long-term portfolio hold.

Listing Agent

Ryan Nemeyer

Engel & Völkers Napa License #01946382 Listed on: 05/08/2025

Engel & Völkers Napa

Co-Listing Agent

Adriana Cueva

Realty One Group FOX License #02163721

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 0.66 Acre Lot

Interior Spaces

  • 5,590 Sq Ft Home
  • 1-Story Property

Parking

  • 15 Parking Spaces
  • Uncovered Parking

Utilities

  • Window Unit Cooling System
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 096-032-031-5

Community Details

Overview

  • 2 Buildings
  • 15 Units

Building Details

  • Gross Income $286,605

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: Google Maps
  • Lot Size Acres: 0.6612
  • CapRate: 7.24
  • Levels: One
  • Actual or Scheduled: Actual
  • Special Features: UnderContract

Interior Features

  • Appliances: See Remarks
  • Square Footage: 5590.00
  • NumberOfBuildings: 2

Exterior Features

  • Lot Features: Other

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 15.00

Utilities

  • Cooling: Window Unit(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Wall Furnace
  • Laundry Features: Other
  • Separate Meters: See Remarks

Lot Info

  • Assessor Parcel Number: 096-032-031-5
  • Lot Size Sq Ft: 28802.00

Rental Info

  • TenantPays: Electricity, Gas, Trash Collection

Building Info

  • Year Built: 1948

Multi Family

  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: $1350-$1700
  • Number Of1 Bedrooms Occupied: 11
  • Number of 1 Bedroom Units: 9
  • Number of Studio Units: 6
  • NumberOfUnitsTotal: 15
  • Number Studios Occupied: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2025 05/08/25 For Sale $2,395,000 +59.7% $428 / Sq Ft
08/13/2018 08/13/18 Sold $1,500,000 -11.8% $833 / Sq Ft
05/18/2018 05/18/18 Pending -- -- --
03/19/2018 03/19/18 For Sale $1,700,000 -- $944 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 325041704

Bay Area Real Estate Information Services (BAREIS)