Three-Unit Residential Income
For Sale
$640,000
713 Sally Street, Hollister, CA 95023
Three-unit property with two occupied units and a vacant unit, suited for buyers seeking a renovation project.
Property Size2,784 SF
Price / SF$229.89
Days on Market139
Property Features for 713 Sally Street
General Information
Standard status
Active
Size
2,784 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,884
Building Details
Year Built
1950
Listing Agency:
San Benito Realty
(831) 902-9921
Listed By:
Gianna Brigantino · License #02043958
(831) 902-9921
Source:
Exitrealty
Added: Mar 25
Changed: Aug 7
Last Checked: Aug 10 at 3:11AM
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.
This three-unit residential income property is being offered for sale at 713 Sally Street. The building includes three separate units, with two currently occupied. The third unit has recently been vacated in connection with the property being listed for sale. The property is described as being in poor condition and will require repairs and updates, making it better suited for an investor or contractor-led renovation approach.
The asset is located in Hollister, California. The offering notes that the financials are based on current taxes and do not include rent from the vacant unit.
For tenants and buyers, this is a project property where value is expected to come from completing deferred repairs and updates across the units. With two units already occupied, an operator or investor can assess current in-place occupancy while planning the work required to bring the vacant unit back to rent-ready condition. This configuration may appeal to buyers looking to manage a small-scale multifamily renovation rather than purchasing a fully stabilized asset.
The asset is located in Hollister, California. The offering notes that the financials are based on current taxes and do not include rent from the vacant unit.
For tenants and buyers, this is a project property where value is expected to come from completing deferred repairs and updates across the units. With two units already occupied, an operator or investor can assess current in-place occupancy while planning the work required to bring the vacant unit back to rent-ready condition. This configuration may appeal to buyers looking to manage a small-scale multifamily renovation rather than purchasing a fully stabilized asset.
Key Highlights
- Three‑unit property at 713 Sally Street, built in 1950
- Two units are currently occupied
- Third unit was recently vacated
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 - Three-unit property with two occupied units and a vacant unit, suited for buyers seeking a renovation project.
Where is this triplex located?
The property is located at 713 Sally Street 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: Three‑unit property at 713 Sally Street, built in 1950; Two units are currently occupied; Third unit was recently vacated
