71 Solano Ave Bay Point, CA 94565
Bay Point NeighborhoodEstimated payment $15,622/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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)
MLS Number: 325041704

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