Benicia, CA 94510,1061 W L St

$1,165,000

Est. payment /mo

$1,195,000

2.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

1061 W L St Benicia, CA 94510

8 Beds

3,640 SqFt

SOLD DATE : 05/21/2021

Key Details

Sold Price $1,165,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,640 sqft

Price per Sqft $320

Subdivision Benicia Marina

MLS Listing ID 40939981

Sold Date 05/21/21

Bedrooms 8

HOA Y/N No

Year Built 1968

Lot Size 0.273 Acres

Acres 0.27

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.

Location

State CA

County Solano

Area Solano County

Rooms

Basement None

Interior

Heating Other

Cooling Multi Units

Flooring Partial Carpeting

Fireplace No

Laundry Coin Operated, Laundry Room

Exterior

Exterior Feature Back Yard, Front Yard, Side Yard

Utilities Available Individual Electric Meter, Individual Gas Meter

View Y/N true

View Bay, Carquinez

Building

Lot Description Back Yard, Garden, Landscape Misc

New Construction No

Others

Tax ID 0086062120

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bridge MLS
Listed by ETHAN BERGER • NAI Northern California
Bought with MargueritaCastanera

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.