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711 South St
Hollister, CA 95023
Hollister Hacienda · Multifamily Property For Sale
·
43 Units
INVESTMENT HIGHLIGHTS
- Turnkey Investment: Extensive Exterior Renovations, Interior Renovations In All 43 Units
- Opportunity For Future Upside
- Strategic Location Offering Access to Silicon Valley Employers
EXECUTIVE SUMMARY
CBRE, as the exclusive listing agent, is pleased to offer for sale Hacienda Hollister(the “Property”), a high-performing and extensively renovated apartment complex comprising 43 units in Hollister, California. The Property is strategically located, offering residents a convenient commute to major economic hubs in the Bay Area, including a 35 to 45-minute drive to San Jose. Situated in a market with limited new multifamily development, the Property presents investors with a prime opportunity to acquire an asset with significant upside potential. This can be achieved through rent increases, ancillary income, utility billing, and the potential for up to 10 additional units via ADU development. The Property also stands out from other complexes in the area with its larger floor plans, low-density layout, and favorable on-site parking ratio.
PROPERTY FACTS
| Price Per Unit | $372,954 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.95 AC |
| Cap Rate | 6.23% | Building Size | 36,624 SF |
| No. Units | 43 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1974/2024 |
| Apartment Style | Garden | Parking Ratio | 1.69/1,000 SF |
| Zoning | AP - Multifamily Residential | ||
| Price Per Unit | $372,954 CAD |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.95 AC |
| Building Size | 36,624 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2024 |
| Parking Ratio | 1.69/1,000 SF |
| Zoning | AP - Multifamily Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Balcony
- Dishwasher
- Storage Space
- Heating
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Carpet
- Freezer
- Garden
- Patio
- Porch
- Smoke Free
- Wheelchair Accessible (Rooms)
- Large Bedrooms
- Quartz Countertops
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gated
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 33 | - | 850 - 1,000 |
| 3+2 | 8 | - | 1,100 |
| Studios | 2 | - | 450 |
PROPERTY TAXES
| Parcel Number | 055-030-023-000 | Improvements Assessment | $7,445,984 CAD |
| Land Assessment | $3,114,517 CAD | Total Assessment | $10,560,501 CAD |
PROPERTY TAXES
Parcel Number
055-030-023-000
Land Assessment
$3,114,517 CAD
Improvements Assessment
$7,445,984 CAD
Total Assessment
$10,560,501 CAD
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