6-Cottage Apartment
For Sale
$1,349,900
Hodel, Hollister, CA 95023
ResidentialIncome, Hollister, CA
Property Size4,618 SF
Lot Size0.36 Acres
Price / SF$292.31
Days on Market381
Property Features for Hodel
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4
Parking
6
Parking features
Garage, Assigned
Appliances
OvenGas
Elementary school
Hollister
High school
SanBenitoHigh
Elementary school district
Hollister
High school district
SanBenitoHigh
Directions
Hodel Court is between Nash and Palmtag.
Subdivision
Hollister
Standard status
Active
APN
056-200-017-000
Size
4,618 SF
Lot size
0.36 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
hardwood floors
tile counters
inside utilities room
small yards
Building Details
Year built
1942
Flooring type
Carpet, Linoleum, Hardwood
Roof type
Composition
Listing Agency:
Nino Real Estate
(831) 637-0111
Listed By:
Jason Noble · License #01010866
(831) 801-3210
Added: Oct 6, 2025
Changed: Oct 21
Last Checked: Oct 21 at 4:06PM
MLS# ML82023916
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This six-unit apartment property consists of cottages on a single lot. The unit mix includes five one-bedroom, one-bath residences and one two-bedroom, one-bath residence. Each cottage has an attached one-car garage, a small yard, and separate utility meters, including for water and sewer. Interior features include hardwood flooring and tile kitchen counters; an interior utility room is also present. The property was built in 1942 and is zoned R-4.
The site contains 0.3635 acres, with a total building area of 4,618 square feet. It is located near a high school in Hollister, California. Public water and sewer serve the property.
The site contains 0.3635 acres, with a total building area of 4,618 square feet. It is located near a high school in Hollister, California. Public water and sewer serve the property.
Key Highlights
- Six cottages on one lot, totaling 4,618 square feet
- Unit mix: five 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
- Each cottage has an attached one‑car garage and a small yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,779
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,755,580
$1.8M
Cap Rate 7%
$1,253,986
$1.3M
Cap Rate 9%
$975,322
$975.3K
Market Conditions
NOI Build-Up for 4,618 SF
Gross rent
$166.2K $36.00/SF
− Vacancy
−$6.6K −$1.44/SF
EGI
$159.6K $34.56/SF
− OpEx
−$71.8K −$15.55/SF
NOI
$87.8K $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 Rate 5%
$1,755,580
Cap Rate 7%
$1,253,986
Cap Rate 9%
$975,322
Alternative Uses
Best Use
Apartment 5plus
$1.25M
$1.10M – $1.46M
NOI $87,779 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,157 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence has its own attached garage, small yard, and separately metered utilities.
Where is this apartment building located?
The property is located at Hodel Hollister, CA.
What is the asking price?
The asking price for this property is $1,349,900.
What are key features of this property?
This property features: Six cottages on one lot, totaling 4,618 square feet; Unit mix: five 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit; Each cottage has an attached one‑car garage and a small yard
