424 San Marco St Fairfield, CA 94533
- Commercial real estate
- 3,840 SF
- 0.17 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 424 San Marco St
- Year built
- 1961
- Lot size
- 0.17 lot acres
- Property size
- 3,840 SF
- Property type
- Commercial real estate
Description
This charming 5-unit apartment building, located at 424 San Marco Street in Fairfield, California, presents a compelling investment opportunity. Built in 1961, the property boasts a total of 3,840 square feet and comprises five spacious two-bedroom, one-bathroom units, each approximately 768 square feet. The property features convenient amenities including on-site laundry facilities, covered parking, and storage units, enhancing tenant appeal. Landscaped grounds contribute to the property's overall attractiveness. Units have been updated with newer vinyl windows, wall-mounted air conditioning, newer appliances, flooring, and bathrooms. The current in-place income generates a 5.42% capitalization rate, with a pro-forma cap rate of 7.03%, offering significant potential for return on investment. Situated on a 0.17-acre lot, this property benefits from its prime location, providing easy access to both Sacramento and the Bay Area, making it an attractive option for commuters. The asking price is $985,000, or $197,000 per unit. This represents a price per square foot of $256.51. The property is a single, two-story building. This is a turnkey investment opportunity in a thriving market.
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
- Fairfield
- County
- Solano
- State
- California
- Longitude
- -122.0289894
- Latitude
- 38.2621284
