Hollister Triplex Investor
For Sale
$640,000
Pending
713 Sally St, Hollister, CA 95023
Triplex in Hollister, CA, with renovation potential.
Property Size2,784 SF
Lot Size0.11 Acres
Days on Market140
Property Features for 713 Sally St
General Information
Standard status
Pending
Size
2,784 SF
Lot size
0.11 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$10,884
Building Details
Building Size
2,784 SF
Year Built
1950
Stories
2
Units
3
Listing Agency:
San Benito Realty
(831) 902-9921
Listed By:
Gianna Brigantino · License #00969942
(831) 902-9921
Source:
Elliman
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 8 at 3:04PM
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 San Benito Realty
Investment Insights
Based on property information with market context.
Located on Sally Street in Hollister, this triplex presents an investment opportunity. The property comprises three units, two of which are currently occupied. The third unit was recently vacated. The property is described as being in poor condition, requiring repairs and updates. This may be suitable for investors, contractors, or buyers seeking a renovation project. Financials are based on current taxes and exclude potential rent from the vacant unit.
Key Highlights
- Investor opportunity with potential for renovation and value addition.
- Three‑unit property with existing income from two occupied units.
- Vacant unit provides immediate opportunity for renovation and increased rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,918
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,058,360
$1.1M
Cap Rate 7%
$755,971
$756.0K
Cap Rate 9%
$587,978
$588.0K
Market Conditions
NOI Build-Up for 2,784 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$100.2K $36.00/SF
− Vacancy
−$4.0K −$1.44/SF
EGI
$96.2K $34.56/SF
− OpEx
−$43.3K −$15.55/SF
NOI
$52.9K $19.01/SF
Area
San Benito County, CA
Vacancy
4.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,058,360
Cap Rate 7%
$755,971
Cap Rate 9%
$587,978
Alternative Uses
Best Use
Multifamily LT 5
$886.6K
$775.8K – $1.03M
NOI $62,062 @ 7.0% cap · market cap 9.70%
Second Best
Apartment 5plus
$756.0K
$661.5K – $882.0K
NOI $52,918 @ 7.0% cap · market cap 8.27%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,652 @ 7.0% cap · market cap 18.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,449
Businesses Nearby
Explore this area
Business Placement
Demographics for 95023, CA
56,973
Population
18,043
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
83%
High-School Grad
394.8 sq mi
ZIP Area
144
Density / Sq Mi
$108,156
Median Household Income
$47,362
Median Earnings
$1,908
Median Rent
$740,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex in Hollister, CA, with renovation potential.
Where is this triplex located?
The property is located at 713 Sally St Hollister, CA.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Investor opportunity with potential for renovation and value addition.; Three‑unit property with existing income from two occupied units.; Vacant unit provides immediate opportunity for renovation and increased rental income.
