• Listing Price: $1,175,000
• This Investment Opportunity Features Six (6) 2bd/1bth Units Set on an Expansive 9,760 SF Lot
• Features Numerous Recent Capital Improvements Such as New Roof Coating w/ 50 Year Life Expectancy, Concrete Replacement, New Electric Panels, and a New Sewer Line Installed
• Amenities Include Air Conditioning, Heating, Double Pane Windows, Smoke-Free, Cable Ready, with Every Unit Equipped with Essential Appliances
• Coin-Operated Laundry Room for Increased Rental Income, Off-Street Parking, and a Park Located Right Next to the Property—Perfect for Families and Social Gatherings
• Fully Turnkey Asset that is 100% Occupied by Paying Tenants w/ HOA Management Handling Everything such as Property Management, Landscaping, and Other Responsibilities
• Located in an Area Free From City Rent Control!
• Excellent Seller Financing Available for Qualified Investors

OFFERING SUMMARY

COUNTY: Solano
BUILDING SF: 4,560 SF
LAND SF: 9,760 SF
NUMBER OF UNITS: 6
YEAR BUILT: 1962
APN: 0033-183-160

FINANCIAL SUMMARY

PRICE: $1,175,000
PRICE PSF: $257.68
PRICE PER UNIT: $195,833
OCCUPANCY: 99.00%
NOI (CURRENT): $61,931
NOI (Pro Forma): $91,941
CAP RATE (CURRENT): 5.27%
CAP RATE (Pro Forma): 7.82%
CASH ON CASH (CURRENT): 6.06%
CASH ON CASH (Pro Forma): 16.06%
GRM (CURRENT): 10.59
GRM (Pro Forma): 8.10

PROPOSED FINANCING

LOAN TYPE: Interest Only
DOWN PAYMENT: $300,000
LOAN AMOUNT: $875,000
INTEREST RATE: 5.00%
LOAN TERMS: 5
ANNUAL DEBT SERVICE: $43,750
LOAN TO VALUE: 74%

Property Overview

• The Pinza Group is pleased to present 433 San Marco Street in Fairfield, CA—a well-maintained multifamily property featuring six spacious 2-bedroom, 1-bath units on an expansive 9,760 SF lot. This property boasts numerous recent capital improvements, including new roof coating, concrete replacement, updated electric panels, and a new sewer line. Residents enjoy modern amenities such as air conditioning, gas heating, double pane windows, smoke- free living, and cable-ready units, all equipped with essential appliances to ensure tenant satisfaction. Additional income potential is provided by a coin-operated laundry room and convenient off-street parking. HOA Management handles all aspects such as property management, landscaping, and other responsibilities, allowing the new owner to operate this turn-key property with limited day-to-day effort. Fully occupied by paying tenants, this property is located in a prime Fairfield location, free from city rent control, and offers easy access to I-80, along with proximity to popular restaurants, cafes, schools, parks, and shopping options.

Location Overview

• Situated midway between San Francisco and Sacramento, Fairfield is a charming city known for its iconic Jelly Belly Candy Factory, Anheuser-Busch Brewery, and the prominent Travis Air Force Base. Fairfield also offers a picturesque landscape with miles of scenic vineyards, beautiful parks, lush golf courses, and unique wildlife. The city is brimming with suburban delights, featuring diverse dining options and shops in various shopping centers, including the popular Solano Town Center. Residents and visitors alike enjoy wholesome entertainment at the Scandia Family Center. With convenient access to I-80, I-680, and railway connections, getting around from Fairfield is effortless.