Benicia Multifamily Investment
For Sale
$1,588,000
106 E K St, Benicia, CA 94510
Six-unit property near downtown Benicia with stable income.
Property Size4,596 SF
Price / SF$345.52
Days on Market186
Property Features for 106 E K St
General Information
Standard status
Active
Size
4,596 SF
Property subtype
Multi Family
Building Details
Year Built
1968
Listing Agency:
Soudah Realty
Listed By:
Kris Soudah · License #01764131
(415) 939-1328
Source:
Exitrealty
Added: Apr 26
Changed: Oct 25
Last Checked: Sep 15 at 5:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Soudah Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained six-unit multifamily property presents an investment opportunity in Benicia. The location is near downtown amenities, waterfront attractions, shopping, and dining. The property benefits from strong rental demand in a sought-after Solano County community. The property's walk score is 63, indicating it is somewhat walkable, and its bike score is 19, indicating it is somewhat bikeable.
Key Highlights
- Stable income‑generating six‑unit multifamily investment property.
- Prime location in the heart of Benicia, near downtown amenities.
- Proximity to waterfront attractions, shopping, and dining.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,743
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,394,860
$1.4M
Cap Rate 7%
$996,329
$996.3K
Cap Rate 9%
$774,922
$774.9K
Market Conditions
NOI Build-Up for 4,596 SF
Gross rent
$132.4K $28.80/SF
− Vacancy
−$5.6K −$1.21/SF
EGI
$126.8K $27.59/SF
− OpEx
−$57.1K −$12.42/SF
NOI
$69.7K $15.17/SF
Area
Solano County, CA
Vacancy
4.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,394,860
Cap Rate 7%
$996,329
Cap Rate 9%
$774,922
Alternative Uses
Best Use
Apartment 5plus
$996.3K
$871.8K – $1.16M
NOI $69,743 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,357 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,303
Businesses Nearby
Explore this area
Business Placement
Demographics for 94510, CA
27,174
Population
11,463
Households
2.4
Avg Household Size
46
Median Age
46%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
931
Density / Sq Mi
$125,222
Median Household Income
$70,569
Median Earnings
$2,234
Median Rent
$778,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit property near downtown Benicia with stable income.
Where is this apartment building located?
The property is located at 106 E K St Benicia, CA.
What is the asking price?
The asking price for this property is $1,588,000.
What are key features of this property?
This property features: Stable income‑generating six‑unit multifamily investment property.; Prime location in the heart of Benicia, near downtown amenities.; Proximity to waterfront attractions, shopping, and dining.
