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Deb Brittan

deb@debbrittan.com +1(916) 932-6693

$ 3,900,000

Est. payment | -/mo

15,087 SqFt

Save

$ 3,900,000

Est. payment | -/mo

Save

15,087 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 15,087 sqft

Price per Sqft $258

MLS Listing ID 226125627

HOA Y/N No

Year Built 1990

Lot Size 0.690 Acres

Acres 0.69

Property Sub-Type 5 or More Units

Source MLS Metrolist

Property Description

598 N. Walton Ave in Yuba City, also known as the Summerfield Apartments, is a value-add multifamily property featuring 26 residential units, including 24 one bedroom and one-bathroom units and two studio units across two floors. The building measures 15,087 square feet resulting in an average unit size of 580 square feet. The Property is a classic value-add'' investment opportunity with below market rents. 13 of the 26 units are leased at an average rent of $730 per month while the other 13 units, which have been leased within the last three years, are leased at an average rent of $1,300 per month; therefore, half of the building is leased at approximately 55% of the current market rent. Almost all the units at the Property have been renovated or updated to some degree in the last decade including new LVP flooring or carpet, updated bathrooms and kitchens, and new interior paint and lighting. All units are serviced by an individual package HVAC unit and have use of a shared laundry room on the ground floor. The Property features a large on-site parking lot with 30 total stalls including a covered stall dedicated to each unit. SB721 clearance completed by the close of escrow. The property is prominently located the corner of N. Walton and Bridge Street, just minutes from Highway 99 and nearby amenities. The property is offered at $3,900,000 or $150,000 per unit.

Location

State CA

County Sutter

Area 12405

Direction Located at the corner of N. Walton and Bridge Street.

Rooms

Basement None

Interior

Heating Central, Heat Pump

Cooling Central, Heat Pump

Flooring Carpet, Luxury Vinyl Plank

Window Features Dual Pane Full

Appliance Dishwasher, Disposal, Electric Cook Top

Laundry Coin Operated, In Common Area

Exterior

Parking Features Covered

Carport Spaces 26

Utilities Available Sewer Connected, City

Water Access Desc Public

View Other

Roof Type Shingle

Porch Balcony/Deck

Total Parking Spaces 30

Building

Lot Description Corner

Story 2

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Unknown

Level or Stories Two

Schools

Elementary Schools Yuba City Unified

Middle Schools Yuba City Unified

High Schools Yuba City Unified

School District Sutter

Others

Senior Community No

Tax ID 058-110-005-000

Special Listing Condition None

Listed by Ken Turton, Broker

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(916) 932-6693

deb@debbrittan.com

598 N Walton AVE Yuba City, CA 95993