1388 Alamo Dr Vacaville, CA 95687

This exceptional investment opportunity presents a 2.56-acre lot in Vacaville, CA (APN: 0127-262-090), featuring six single-family rental homes. Currently boasting 100% occupancy (as of August 21, 2024), this portfolio offers immediate income generation. The property comprises six one-story buildings, built in 1953, each with ample parking. The unit mix includes one three-bedroom, one-bathroom home and five two-bedroom, one-bathroom homes. Current monthly rents range from $1,200 to $1,500, generating significant cash flow. The property is zoned RL-6, presenting potential for subdivision or rezoning to unlock further development opportunities. Additional revenue streams could be explored through leasing space for trailers or semi-trucks. The asking price is $1,998,000, representing a price per unit of $333,000. An overbid hearing is scheduled for December 3, 2024. Details regarding the overbidding process are available in an attached document. This is a rare chance to acquire a substantial income-producing asset with significant upside potential in a desirable California location.