Three-Unit Property with Private
1166 La Homa Drive, Napa, CA 94558
For Sale
$1,200,000
Three separate residences offer individual outdoor areas and an occupied rental configuration.
Property Size3,700 SF
Lot Size0.50 Acres
Price / SF$324.32
Days on Market54
Property Features for 1166 La Homa Drive
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Building Details
Buildings
Tenancy
Listing Agency:
Amber Payne, Corcoran Icon Properties
Listed By:
The Jamison Team
(408) 465-4899
Source:
Tuscanaproperties
Added: Sep 16
Changed: Nov 6
Last Checked: Nov 6 at 8:42AM
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 Amber Payne, Corcoran Icon Properties
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Investment Insights
Based on property information with market context.
This triplex property includes three separate residences arranged across nearly 1/2 acre. The front home provides 3 bedrooms, 2 bathrooms, and 1,700 SF, while two additional manufactured homes each include 2 bedrooms, 2 bathrooms, and 1,000 SF. Each residence has its own private yard, creating distinct outdoor areas for the occupants.
The property is fully occupied by long-term tenants on month-to-month leases. Located at 1166 La Homa Drive in Napa, the asset combines three dwelling units with a total reported building area of 3,700 SF.
The property is fully occupied by long-term tenants on month-to-month leases. Located at 1166 La Homa Drive in Napa, the asset combines three dwelling units with a total reported building area of 3,700 SF.
Key Highlights
- Three separate residences on nearly 1/2 acre
- Front house includes 3br/2ba and 1,700SF
- Two manufactured homes each offer 2br/2ba and 1,000SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,385
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,307,700
$1.3M
Cap Rate 7%
$934,071
$934.1K
Cap Rate 9%
$726,500
$726.5K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$99.9K $27.00/SF
− Vacancy
−$6.5K −$1.76/SF
EGI
$93.4K $25.25/SF
− OpEx
−$28.0K −$7.57/SF
NOI
$65.4K $17.67/SF
Area
Napa County, CA
Vacancy
6.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,307,700
Cap Rate 7%
$934,071
Cap Rate 9%
$726,500
Alternative Uses
Best Use
Multifamily LT 5
$934.1K
$817.3K – $1.09M
NOI $65,385 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$843.3K
$737.9K – $983.9K
NOI $59,033 @ 7.0% cap · market cap 4.92%
Theoretical Best
Specialty Retail
$7.47M
$6.53M – $8.71M
NOI $522,650 @ 7.0% cap · market cap 43.55%
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
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,718
Businesses Nearby
Explore this area
Business Placement
Demographics for 94558, CA
65,473
Population
27,402
Households
2.4
Avg Household Size
44
Median Age
38%
College-Educated
85%
High-School Grad
399.9 sq mi
ZIP Area
164
Density / Sq Mi
$109,444
Median Household Income
$51,955
Median Earnings
$2,248
Median Rent
$855,600
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?
Triplex - Three separate residences offer individual outdoor areas and an occupied rental configuration.
Where is this triplex located?
The property is located at 1166 La Homa Drive Napa, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Three separate residences on nearly 1/2 acre; Front house includes 3br/2ba and 1,700SF; Two manufactured homes each offer 2br/2ba and 1,000SF
