ebbetts pass apartments
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400 Ebbetts Pass Road, Vallejo CA
turn-key vallejo invesmtent opportunity
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confidentiality disclaimer
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONTACT MARC GUILLON FOR MORE DETAILS.
The information contained in this Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it
from Guillon Real Estate Group and should not be made available to any other person or entity without the written consent of Guillon Real Estate Group.
This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary
level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Guillon Real Estate
Group has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the
future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of
contaminating substances, PCBs or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon,
or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The
information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Guillon Real Estate Group has
not verified, and will not verify, any of the information contained herein, nor has Guillon Real Estate Group conducted any investigation regarding these
matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers
must take appropriate measures to verify all of the information set forth herein.
table of contentsInvestment overview . . . 3-4
Rent roll . . . . . . . . . . . . . . . . . . . . . . . . 5
F inancial overview . . . . . . 6
sale comparables . . . . . .7-8
property location . . . . . . . .9
rent comparables . . . . . . . . . . . . . 10-11
property Photos . . . . . . . . . . . . . . . . . . . 12
vallejo overview . . . . . . . . . . . . . . . . . . . .13
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Investment overview
PRICE | $4,199,000 CAP RATE | 4.94%
NET OPERATING INCOME
PRICE PER SQUARE FOOT
RENTABLE SQUARE FEET
LOT SIZE
YEAR BUILT / RENOVATED
$207,600
$269
15,600 SF
.58 Acres
1972 / 2015
Address400 Ebbetts Pass Road, Va l le jo , CA
Click Me
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Investment overview
overview
highlights
Guillon Real Estate Group is pleased to announce For Sale the Ebbetts
Pass Apartments with an irreplacable location at 400 Ebbetts Pass Road,
Vallejo. The subject property was built in 1972 and consists of 15,600
square feet of rentable space.
Ebbetts Pass Apartments boasts a strong unit mix of twelve (12) one
bedroom / one bath units at approximately 609 square feet each, four
(4) two bedroom / one bath units at approximately 816 square feet
each, three (3) two bedroom / one and a half bath two story townhouse
style units at approximately 852 square feet each, and one (1) large
two bedroom / one and a half bath two story townhouse style unit at
approximately 1,116 square feet.
The subject property benefits from amenities such as covered parking,
on-site laundry facility, patios and balconies, dual pane windows, and an
interior courtyard setting.
The subject property underwent extensive interior and exterior
renovation in 2015 including LED lighting, energy efficient appliances,
and low maintenance synthetic grass whereby minimizing water
usage.
Ebbetts Pass Apartments is conveniently located in a quiet residential
neighborhood bordering American Canyon and Napa. Nearby
amenities include Meadows Plaza shopping center, Rancho Square,
Safeway, Dan Mini Elentary School, Six Flags Discovery Kingdom,
and local eateries located within the many shopping centers
surrounding the area.
The subject offering presents a rare opportunity to acquire an infill,
pride of ownership Bay Area 20 unit investment property with
immediate upside in the rent roll in a non-rent controlled market.
With attractive in-place assumable financing, investors are presented
with a stress-free 8% return before taxes.
• Immaculate Turn-Key Property• Subject Property is the Only Apartment Building North of
Hwy 37 in Vallejo• Strong Unit Mix• All Units Have Either Patio or Balcony• Potential Assumable Financing• Separately Metered for Gas & Electricity• Quiet Residential Neighborhood• Dual Pane Windows• Potential Extra Income From Storage Units• Covered Parking• On-site Laundry Facility
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Rent roll
Rent Roll
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Unit Type SqFt Current Rent Rent/Ft Pro-Forma Rent Pro-Forma Rent/Ft
1 2x1 816 $1,565 $1.92 $1,575 $1.93
2 2x1 816 $1,495 $1.83 $1,575 $1.93
3 1x1 609 $1,325 $2.18 $1,325 $2.18
4 1x1 609 $1,300 $2.13 $1,325 $2.18
5 1x1 609 $1,300 $2.05 $1,325 $2.18
6 1x1 609 $1,325 $2.18 $1,325 $2.18
7 1x1 609 $1,300 $2.13 $1,325 $2.18
8 1x1 609 $1,300 $2.13 $1,325 $2.18
9 2x1.5 TH Two Story 852 $1,550 $1.82 $1,620 $1.90
10 2x1.5 TH Two Story 852 $1,556 $1.83 $1,620 $1.90
11 2x1 816 $1,475 $1.81 $1,575 $1.93
12 2x1 816 $1,495 $1.83 $1,575 $1.93
13 1x1 609 $1,290 $2.12 $1,325 $2.18
14 1x1 609 $1,300 $2.13 $1,325 $2.18
15 1x1 609 $1,300 $2.13 $1,325 $2.18
16 1x1 609 $1,285 $2.11 $1,325 $2.18
17 1x1 609 $1,300 $2.13 $1,325 $2.18
18 1x1 609 $1,325 $2.18 $1,325 $2.18
19 2x1.5 TH Two Story 852 $1,050 $1.23 $1,620 $1.90
20 2x1.5 TH Two Story Large 1,116 $1,683 $1.51 $1,695 $1.52
Laundry $500 $500
Total $27,969 $1.97 $29,305 $2.05
unit mixNo. Units Type SqFt
12 1x1 609
4 2x1 816
3 2x1.5 TH Two Story 852
1 2x1.5 TH Two Story Large 1,116
1 Storage 200
$500/month laundry income200 square foot storage unit on-site. Projected rent $50/month
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Financial overview
offering summary
loan information
*Disclaimer: Prospective borrower must meet existing Lenders qualification criteria in order to assume the loan. Contact agent for more information.
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Type Assumable*
Existing Principal Amount $2,926,000
Rate 3.43%
Amortization 30 Year
Monthly Payment $13,354
LTV 69.7%
Debt Coverage Ratio 1.30
Price $4,199,000
Down Payment 30.3% $1,273,000
Rentable Square Feet 15,600
Price Per RSF $269
Price Per Unit $209,950
Year Built 1972
Current CAP 4.94%
Current GRM 12.51
Pro-Forma CAP 5.32%
Pro-Forma GRM 11.94
Lot Size .58 acres
Current Pro Forma
Scheduled Gross Income $335,628 $351,660
Vacancy 2% ($6,713) ($7,033)
Effective Gross Income $328,915 $344,627
Expenses 36.1% ($121,315) ($121,315)
Net Operating Income $207,600 $223,312
Debt Service ($160,248) ($160,248)
Cash Flow After Debt Service $47,352 $63,064
Cash on Cash Return 3.72% 4.95%
Principal Reduction $60,293 $60,293
Total Return $107,645 $123,357
Total Return % 8.46% 9.69%
income & Expense
Property Taxes 1.13718% $47,750
Insurance $13,368
Gas & Electric $3,240
Water & Sewer $13,490
Trash $7,512
Management 6% $19,735
Repairs & Maintenance $8,260
Business License $100
Landscaping $3,000
Pest Control $310
Fire Protection $550
Reserves $4,000
Total $121,315
Expenses
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Market overview
SALE COMPARABLES
SEABRIDGE AT GLEN COVE1 Spyglass Parkway, Vallejo, CA | Units: 156 | Year Built: 1989
Mar 2017 $30,663,302 $196,559 $170 5.4%Sale Date Sale Price Price/Unit Price/SF cap
Units Type SF
22 1x1 700
134 2x1 939
COOMBS STREET APARTMENTS395 Coombs Street, Napa CA | Units: 5 | Year Built: 1968
Aug 2015 $1,100,000 $220,000 $255 4.50%
Sale Date Sale Price Price/Unit Price/SF cap
Units Type SF
5 2x1.5 TH 864
MARINA VISTA APARTMENTS1095 Marina Drive, Napa CA | Units: 42 | Year Built: 1978
Mar 2017 $10,320,000 $245,714 $246 4.19%Sale Date Sale Price Price/Unit Price/SF cap
Unit Type SF
42 2x1.5 TH 1,000
VILLA DEL SOL138-158 Kathy Ellen Dr, Vallejo, CA | Units: 11 | Year Built: 1977
On Market $2,300,000 $209,091 $248 5.4%Sale Date Sale Price Price/Unit Price/SF cap
Unit Type SF
2 1x1 850
9 2x1 900
YORK STREET APARTMENTS524 York Street, Vallejo, CA | Units: 6 | Year Built: 1915
On Market $1,200,000 $200,000 $165 7.2%*
Sale Date Sale Price Price/Unit Price/SF cap
Units Type SF
3 3x1 920
3 4x1 1,100
*CAP is projected. All units are vacant
Listed at $975,000. Sold over List Price
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Market overview
SALE COMPARABLES
HILBORN APARTMENTS101 Hilborn Street, Vallejo, CA | Units: 20 | Year Built: 1960
Jul 2016 $2,465,000 $123,250 $152 4.53%
Sale Date Sale Price Price/Unit Price/SF CAP
Units Type SF
8 1x1 675
12 2x1 900
FOREST GLENN237 Avian Drive, Vallejo, CA | Units: 68 | Year Built: 1964
Aug 2016 $10,400,000 $152,941 $151 6.0%
Sale Date Sale Price Price/Unit Price/SF CAP
THE RIDGE TOWNHOMES301 Fairgrounds Drive, Vallejo, CA | Units: 54 | Year Built: 1974
Oct 2016 $7,940,000 $147,037 $148 5.94%
Sale Date Sale Price Price/Unit Price/SF cap
Units Type SF
54 2x1.5 TH 944
SEA CLIFF VILLA10 Lee Street, Vallejo, CA | Units: 9 | Year Built: 1960
Nov 2016 $1,260,000 $140,000 $142 5.2%
Sale Date Sale Price Price/Unit Price/SF cap
Unit Type SF
8 2x1 850
1 3x2 PH 1,300
property location
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Vallejo sits approximately 25 miles to the Northeast of San
Francisco. In addition to ferry service to San Francisco,
Interstate 80 provides access to all major employment
centers in Solano, Contra Costa, and Marin County.
East Bay residents come from all over to visit Vallejo’s
renowned weekend Farmers Market.
400 Ebbetts Pass RoadVallejo, CA
HWY
29 to
Nap
a
Downtown Vallejo
Inte
rsta
te 8
0
Hwy 37 to Marin County
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rent comparables
rent COMPARABLE graphs
$1,600
$1,650
$1,700
$1,750
$1,800
Subject Property The RidgeTownhomes
Forest Glen
Two Bedroom Townhouse Style Rent Comparables
$1,350 $1,400 $1,450 $1,500 $1,550 $1,600 $1,650 $1,700 $1,750
Subject Property villa del sol Sea Cliff Villa
Two Bedroom One Bath Rent Comparables
$-
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
Subject Property Villa Del Sol Forest Glen Valenica Apts
One Bedroom Rent Comparables
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rent comparables
rent COMPARABLES
VILLA DEL SOL138-158 Kathy Ellen Dr, Vallejo, CA | Units: 11 | Year Built: 1977
units type Square feet rent/month property amenities
2 1x1 850 $1,400 Garages, On-site laundry, balconies
9 2x1 900 $1,600-1,650
THE RIDGE TOWNHOMES301 Fairgrounds Drive, Vallejo, CA | Units: 54 | Year Built: 1974
units type Square feet rent/month property amenities
54 2x1.5 TH 944 $1,775 Townhouse style, balconies
FOREST GLENN237 Avian Drive, Vallejo, CA | Units: 68 | Year Built: 1964
units type Square feet Rent/month property amenities
4 1x1 675 $1,200-1,250 Townhouse style, balconies, pool
16 2x1.5 950 $1,600-1,800
SEA CLIFF VILLA10 Lee Street, Vallejo, CA | Units: 8 | Year Built: 1968
Units Type Square feet Rent/Month property amenities
8 2x1 850 $1,750 Balconies, covered parking, view of Napa River
VALENCIA APARTMENTS1101 N Camino Alto, Vallejo, CA | Units:122 | Year Built: 1986
units type Square feet Rent/month property amenities
58 1x1 780 $1,568 Pool, fireplaces, gated, storage spaces
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property photos
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vallejo overview
vallejo overviewStrategically located between San Francisco and Sacramento, Vallejo is the largest city in Solano County. Vallejo is a culturally and ethnically diverse city that offers a unique variety of residential, education, shopping, entertainment and recreation opportunities.
Vallejo is home to Six Flags Discovery Kingdom, Northern California’s most unique theme park experience. As America’s only combination of marine life, wildlife, and wild rides theme park, the 135 acre location offers a full day of family fun and adventure. Vallejo is 15 minutes from Napa and Sonoma wine counties and 35 minutes from San Francisco. The California Martime Academy and Touro University are also located here.
Vallejo is well connected to the region via state highways 29 and 37 as well as interstate highways 80 and 780 and is the northern anchorage of the Carquinez Bridge. High speed Catamaran Ferry service to San Francisco takes under one hour. SolTrans connects to nearby BART stations and operates bus service throughout the city. Vallejo is also known throughout the region for its weekend Farmers Market which attracts people from all over the East Bay.
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demographics
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M a r c G u i l l o n
[email protected](415) 987-7544
Guillon Real Estate Group, Inc.
Lic 01839798