Multifamily

2020-10477, 10481, 10485 Live Oak Blvd

2020 Live Oak Blvd, Yuba City, CA 95991

Listing Price: $1,175,000

Cap Rate
4.83%
Number of Units
7
GRM
13.23
Occupancy
100.0%
Price/Unit
$167,857
Price/Gross SF
$156.83
Gross SF
7,492

Investment Overview

Marcus & Millichap is proud to exclusively present a unique opportunity in Live Oak, California. The subject property consists of three buildings, a single-family home, a fourplex, and a duplex on one parcel. In addition, there is enough land in the back of the property to add another duplex or fourplex. The unit mix is excellent, with all four units in the fourplex having two bedrooms, three bedrooms in the single-family home, and two bedrooms in each side of the duplex. There is currently a 14-percent loss-to-lease that can be made up quite quickly, and rental upside in every unit. The property also benefits from a strong location right near the center of town, on the cusp of Highway 99, and only minutes from Yuba City. Thus, residents can walk to shopping, dining and schools in Live Oak, but also have easy access to Yuba City being only 10 minutes away. Live Oak is also currently doing some major reconstruction on the section of road right in front of the property, which will benefit the residents shortly with enhanced walkability and landscaping at their doorstep.

The current owner has done a good job of taking care of all major systems, including new roofs and interior upgrades. The buildings are thus in good shape and offer the buyer the opportunity to raise rents with some simple cosmetic upgrades.

Live Oak is a small town in Sutter County just minutes from Yuba City, one of the fastest growing cities in Northern California, with a vacancy rate currently below four percent and a growing rental demand that is outpacing supply, leading to rent increases that continue to outperform the surrounding areas.

For a buyer looking for a clean property with upside to place their capital, look no further, as the subject property affords the right byer the opportunity for current cash flow with future upside potential.

Investment Highlights

  • New Roofs
  • Strong Unit Mix, Six Two-Bedroom/One-Bath, One Three-Bedroom/Two-Bath
  • Updated Interiors
  • Room to develop another Duplex or Fourplex
  • Upside in Rents

Exclusively Listed By

Multifamily

2020-10477, 10481, 10485 Live Oak Blvd

Listing Price: $1,175,000

Cap Rate
4.83%
Number of Units
7
GRM
13.23
Occupancy
100.0%
Price/Unit
$167,857
Price/Gross SF
$156.83
Gross SF
7,492

Investment Highlights

  • New Roofs
  • Strong Unit Mix, Six Two-Bedroom/One-Bath, One Three-Bedroom/Two-Bath
  • Updated Interiors
  • Room to develop another Duplex or Fourplex
  • Upside in Rents

Investment Overview

Marcus & Millichap is proud to exclusively present a unique opportunity in Live Oak, California. The subject property consists of three buildings, a single-family home, a fourplex, and a duplex on one parcel. In addition, there is enough land in the back of the property to add another duplex or fourplex. The unit mix is excellent, with all four units in the fourplex having two bedrooms, three bedrooms in the single-family home, and two bedrooms in each side of the duplex. There is currently a 14-percent loss-to-lease that can be made up quite quickly, and rental upside in every unit. The property also benefits from a strong location right near the center of town, on the cusp of Highway 99, and only minutes from Yuba City. Thus, residents can walk to shopping, dining and schools in Live Oak, but also have easy access to Yuba City being only 10 minutes away. Live Oak is also currently doing some major reconstruction on the section of road right in front of the property, which will benefit the residents shortly with enhanced walkability and landscaping at their doorstep.

The current owner has done a good job of taking care of all major systems, including new roofs and interior upgrades. The buildings are thus in good shape and offer the buyer the opportunity to raise rents with some simple cosmetic upgrades.

Live Oak is a small town in Sutter County just minutes from Yuba City, one of the fastest growing cities in Northern California, with a vacancy rate currently below four percent and a growing rental demand that is outpacing supply, leading to rent increases that continue to outperform the surrounding areas.

For a buyer looking for a clean property with upside to place their capital, look no further, as the subject property affords the right byer the opportunity for current cash flow with future upside potential.

Exclusively Listed By

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