1816 Hile Ave Linda, CA 95901
- Apartment buildings
- 12,000 SF
- 1.45 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1816 Hile Ave
- Lot size
- 1.45 lot acres
- Property size
- 12,000 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents an 18-unit multifamily property located at 1816 Hile Ave, Linda, CA 95910, in Yuba County. The property, priced at $2,350,000, boasts a strong 7.28% cap rate and a current Net Operating Income (NOI) of $170,995. Currently operating at 100% occupancy, the complex generates a gross monthly rent of $24,750. The 1.45-acre lot comprises five single-story buildings: one duplex and four fourplexes. The duplex features a mix of three-bedroom/one-bathroom and two-bedroom/one-bathroom units, while the fourplexes each offer two-bedroom/one-bathroom units. Recent upgrades include new roofs, minimizing maintenance needs. Each unit benefits from individual hot water heaters and separate gas and electric meters. Ample parking is available. The property's size and layout offer potential for future expansion, enhancing the return on investment. This turnkey investment is ideal for those seeking a stable, high-performing multifamily asset in a desirable location. The property's Class C designation reflects its current condition and potential for value appreciation through strategic improvements. The price per unit is $130,555.56. The total square footage is between 12,000 and 15,000 square feet.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Linda
- County
- Yuba
- State
- California
- Longitude
- -121.55
- Latitude
- 39.1322
