Investment Overview

Marcus & Millichap is proud to exclusively present 1058 Grand Ave. The subject property is a 17-unit (16 conforming, 1 non-conforming) property located in Linda CA. The property is one of the best investments in Northern CA today, with recent renovations to both interior and exterior work to the property. 1058 Grand Ave has an excellent unit make up with 3 1 BD Units, 10 2 Bd Units, and 4 3 bedroom Units. The 3 Bedroom Units also have washer dryer hooks ups and a garage storage style storage place. In addition, almost every unit has a private exterior backyard. Over the last 2 years, the property has also undergone extensive renovations. The roofs have all been replaced, the stucco has been redone and repainted, dry rot has all been repaired, drainage has been addressed, and interiors have been upgraded. The result is that the buyer will be purchasing an asset that has low maintenance costs, excellent in-place rents, and is being offered at a 6.79% CAP Rate! Finally, by addressing the loss to lease, the buyer can turn the property into an 8.79% CAP rate. With the FEDs announcement that they will finally lower interest rates, now is the time to strike. This property is the perfect opportunity to take advantage of the current market and purchase an asset in excellent condition, with upside in rents, and as strong a CAP rate and return as you will find in today's market.