Current Use by Public Records
- Apartment buildings
Property Details for 1816 Hile Ave
- Year built
- 1963
- Property type
- Apartment buildings
Description
This exceptional 18-unit apartment building presents a compelling investment opportunity in Linda, California. Priced at $2,350,000, this stabilized multifamily property boasts a strong 7.64% cap rate and a substantial net operating income (NOI) of $179,530. The property comprises five single-story buildings totaling 13,500 square feet on a spacious 63,162 square foot lot. Built in 1963, the property has recently undergone significant improvements, including a brand-new roof and energy-efficient double-pane windows, minimizing maintenance and operational costs. The unit mix consists of seventeen 2-bedroom, 1-bathroom units and one 3-bedroom, 1-bathroom unit, all individually metered for electricity and gas. Located in a desirable residential neighborhood in Linda, close to schools, parks, shopping, and dining, this property benefits from its proximity to major transportation routes, providing easy access to Yuba City and Sacramento. The property's location near recreational areas like Ellis Lake and the Feather River adds to its appeal. The strong cash flow, coupled with the limited availability of multifamily properties in Marysville, makes this a rare and attractive investment opportunity for those seeking a turn-key, high-performing asset with significant long-term income potential. This property offers a unique blend of immediate returns and lasting value in a growing Northern California community.
Value Estimations
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AI approach
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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
- 39.1316
