110 Hilborn St Vallejo, CA 94590

Property Details for 110 Hilborn St

Year built

1955

Lot size

0.34 lot acres

Property size

6,037 SF

Property type

Commercial real estate

Description

This exceptional multifamily investment opportunity presents a 9-unit apartment building situated in the desirable Vallejo Heights neighborhood of Vallejo, California. The property, located at 110 Hilborn St, 94590, comprises two 2-story buildings totaling 6,037 square feet on a 0.34-acre lot. Built in 1955, the complex includes four one-bedroom/one-bathroom units, four two-bedroom/one-bathroom units, and a single two-bedroom/one-bathroom single-family residence with a garage and yard. Each unit features a tuck-under parking space and a private storage area. Tenant amenities include an on-site laundry facility. Recent upgrades include updated kitchens, flooring, bathrooms, and paint throughout the units. The exterior of the main building received a fresh coat of paint within the last six months, and the single-family home has undergone extensive renovations in the past year, including a new kitchen, flooring, bathroom, fence, and landscaping. The property boasts elevated west-facing views of the Napa River and Vallejo waterfront. The current rent roll reflects a 7.06% capitalization rate and a 9.56 gross rent multiplier. The asking price is $2,045,000, representing a price per unit of $227,222 and a price per square foot of $338.74. This property offers a compelling combination of strong cash flow, desirable location, and recent improvements, making it an attractive investment opportunity.