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Key Details
Sold Price $1,165,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Benicia Marina
MLS Listing ID 40939981
Sold Date 05/21/21
HOA Y/N No
Year Built 1968
Lot Size 0.270 Acres
Property Description
Value-add investment opportunity in Benicia, CA with on-site coin-op laundry facility and ideal 2-bedroom, 1.5-bathroom unit mix. It features carport parking for each tenant and balconies over the carport with views of the Carquinez Strait. On-site management is not required, keeping operating expenses minimal and current rents average $600 below estimated market rents, providing over 50% rental upside for the new owner. 1061-1073 West L Street is located near the intersection of West L Street and West 11th Street with views overlooking the downtown area and the Carquinez Strait and just a few blocks from the on- and off- ramps for I-780 North and South. The residents enjoy close proximity to a number of retailers and dining options including the Southampton Center one mile away. Additionally, the property is within a few blocks of the Benicia State Recreation Area; Benicia elementary, middle, and high schools; and the waterfront 9th Street Park with a free boat launch ramp. Views: Carquinez
Location
State CA
County Solano
Interior
Heating SeeRemarks
Flooring Carpet
Fireplace No
Exterior
Parking Features Carport
View Y/N Yes
View Bay
Building
Lot Description BackYard, FrontYard, Yard
Sewer PublicSewer
Others
Tax ID 0086062120
Acceptable Financing Item1031Exchange
Listing Terms Item1031Exchange
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Bought with Marguerita Castanera • CENTURY 21 Wine Country
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692