Bay Point, CA 94565,71 Solano AVE #83
Listed by Ryan Nemeyer • Engel & Volkers Napa • Realty One Group FOX
Bought with Alfonso Garcia • Engel & Volkers Napa
Realty One Group FOX

$2,143,000

$2,395,000

10.5%
Est.Price: ?

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Est. payment /mo

1,111 Beds

4 Baths

5,590 SqFt


SOLD DATE : 10/01/2025

Key Details

Sold Price $2,143,000

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 5,590 sqft

Price per Sqft $383

MLS Listing ID 325041704

Sold Date 10/01/25

Bedrooms 1111

HOA Y/N No

Year Built 1948

Lot Size 0.661 Acres

Property Sub-Type 5 or More Units

Property Description

Incredible income-producing 15-unit apartment complex with steady cash flow and room for growth! 71-83 Solano Ave. presents a rare opportunity to acquire a turnkey multi-family asset with an assumable loan at an attractive 3.6 interest rate, subject to lender and seller approval. This property boasts a strong in-place cap rate making it a compelling acquisition for both seasoned and value-add investors. The unit mix includes studios and 1-bed layouts, attracting stable tenancy across multiple demographics. The property is situated on a large lot with potential for future development or expansion (buyer to verify). Updated exterior features, solid rent roll, and professional property management already in place make for a low-maintenance investment with immediate cash flow and upside potential. Located in Contra Costa County's growing Bay Point market, with close proximity to BART, Highway 4, and regional employment centers. Ideal for 1031 exchange buyers, LLC investors, or those seeking a long-term portfolio hold.

Location

State CA

County Contra Costa

Area Bay Point

Zoning M-17 County

Interior

Heating Wall Furnace

Cooling Window Unit(s)

Exterior

Parking Features Uncovered

Garage Spaces 15.0

Building

Sewer Public Sewer

Water Public

Others

Special Listing Condition Offer As Is

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Milli Cannata
Milli Cannata

Broker Associate | Lic# DRE# 01990936

+1(707) 477-7839

6790 McKinley Street # 120, Sebastopol, CA, 95472

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