429-443 Robinson Avenue
Colliers is pleased to present the sale of a 12-unit multifamily investment opportunity located at 429-443 Robinson Ave in Yuba City, CA. Built in 1971, the community is entirely comprised of two-bedroom/one-bathroom floorplans spanning across three single-story fourplexes on 0.84 acres. Seven of the twelve units have experienced recent upgrades and command impressive market rents of $1,450/month. Three of the remaining units will benefit from interior improvements and raising rents to market and the two remaining units can receive annual rent increases to meet market rents within two years. The Ratio Utility Billing System (RUBS), which bills tenants for a portion of the sewer, water, and garbage charges to all residents, has been implemented across all twelve units.
Yuba City is experiencing an impressive upward trend in growth and development in housing, business, and recreation. Recent city improvements that were designed to create a vibrant, welcoming environment in the downtown corridor include the refurbishment of the water tower with a new city logo and multicolored LEDs, and a plaza that will accommodate a playground, stage, and an illuminated gateway arch directly at the entrance to downtown.
Property Description
• Exclusively single-story, two-bedroom floorplans • Value-add opportunity with 22% upside in rental income • 0.4 Miles from Yuba City High and Sutter Urgent Care • Laundry on-site • Pitched Roofs • Large 0.84 Acre Lot • Ample parking
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $1,750,000 |
| No. of Units: | 12 |
| Cap Rate: | 6.20% |
| GRM /GIM: | 9.84 |
| Average Occupancy: | 100 |
| Year Built: | 1971 |
| Building Size: | 9,792 Sq ft |
| Lot Size: | 0.84 Acres |
| No. of Stories: | 1 |
| APN: | 052-371-020 |
| Zoning Code: | R2 |
| Opportunity Zone: | No |
| Price per unit: | $145,833 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Alex Farhang | 916-265-5192 | [email protected] |
| Matt Sarro | 916-616-5267 | [email protected] |
| Ahmed Kamil | 916-830-2582 | [email protected] |
| Trevor Meleski | 530-903-0959 | [email protected] |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
13550 St. Andrews, Unit 7
Seal Beach, California
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout