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Property profile & analytics
OFF-MARKET Estimated value $730,000
Apartment buildings

1316 State Hwy 99 Gridley, CA 95948-9782

7,200 SF 0.76 ac lot Built 1963
Individually Owned 18-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-1722513
Property summary
AI-generated overview

This exceptional 10-unit apartment building presents a compelling investment opportunity in the desirable city of Gridley, California. Strategically located just off Highway 99, this property boasts a total of 7,200 square feet situated on a 0.76-acre lot. The well-maintained building offers stable rental income, making it an attractive turnkey asset for investors seeking immediate returns. The strong occupancy rates demonstrate consistent demand and the potential for long-term value appreciation. This property is ideally suited for investors looking for a low-maintenance, high-yield investment in a convenient location with easy access to major transportation routes. The building's current condition and established rental income stream provide a solid foundation for future growth and profitability. Given the property's size, location, and proven rental history, this represents a rare opportunity to acquire a significant multifamily investment in a thriving market. The 0.76-acre lot offers potential for future expansion or development, further enhancing the long-term investment potential. Serious inquiries are encouraged to explore this promising investment opportunity in detail. Financial statements and further property details are available upon request. Don't miss this chance to secure a valuable asset in a prime location.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,200 SF
Lot 0.76 ac (33,105 SF)
APN 024-070-040-000
UPID US09-1722513
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$922k
Blend (final) Blend
$730k
Owner & transaction history
Mohammad Moghaddam · 18 yrs held
Mohammad Moghaddam
since 2007
3 recorded transactions
2007
Price N/A
2004
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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