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Forest Glenn - Value Add Opportunity 201 Avian Dr 68 Unité Immeuble d’appartements 15 314 625 $ CAD (225 215 $ CAD/Unité) 7,01% Taux de capitalisation Vallejo, CA 94591
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Stellar Unit Mix and Unit Sizes
- Distinctive Location with Nearby & Employers
- Value-Add Opportunity
- Attractive Assumable Financing
- Strong Rental Market Fundamentals
Résumé de l'annonce
Northmarq, as the exclusive listing agent, is proud to present Forest Glenn, a 68-unit value-add apartment community in Vallejo, California. Nestled on approximately 3.7 acres, the property features beautifully landscaped courtyard gardens, oversized floor plans, a gated community, and select units with stunning water views. Originally built in 1965, Forest Glenn comprises 15 residential buildings set within a serene, park-like environment. Offered at $11,250,000 — just $165,441 per unit and $163 per rentable square foot — the property delivers immediate cash flow, with a 7.0% cap rate and a GRM of 6.43, making it a compelling opportunity for value-add investors seeking both strong returns and additional upside potential.
STELLAR UNIT MIX AND UNIT SIZES
Unit Mix & Floor Plans: The community offers a wide mix of four distinctive floor plans ranging from 670 to 1,400 square feet including flat and townhouse style units. Approximately 6% of units are one-bedroom homes, 76% of the units are two-bedroom homes, with the remaining 18% being three-bedroom homes.
ATTRACTIVE ASSUMABLE FINANCING
The property benefits from a highly favorable assumable loan with an outstanding balance of $6,001,000 at a fixed interest rate of 2.89%, structured as full-term interest-only payments. The loan is set to mature on October 1, 2030, providing long-term, low-cost financing that can be assumed by the buyer, subject to lender approval. The assumable loan offers a low-cost financing solution, enhancing the property’s overall investment profile.
DISTINCTIVE LOCATION
Forest Glenn occupies a highly strategic location in Vallejo, with immediate access to Interstate 80, connecting residents to San Francisco, Oakland, and Sacramento. The property also benefits from proximity to Highway 37, providing direct connectivity to Marin and Sonoma counties. Commuters enjoy regional ferry service from the Vallejo Ferry Terminal, offering daily service to San Francisco. With strong visibility and a gated entrance, Forest Glenn combines accessibility with a private, campus-like residential environment.
STRONG RENTAL MARKET FUNDAMENTALS
Forest Glenn is positioned within Solano County’s most dynamic rental market. Vallejo offers some of the most affordable housing options in the Bay Area, making it attractive to renters priced out of San Francisco, Oakland, and Marin. Strong demand drivers include the city’s central location, regional ferry connectivity, and expanding employment on
Mare Island. According to Real Page, Vallejo market occupancy currently sits at 95%, effective rent PSF is $2.49, and effective rent is $2,118. Forest Glenn’s occupancy is 94% (excluding down units), effective rent PSF is $1.97, and effective rent is $2,006. This indicates meaningful upside potential in Forest Glenn’s operations.
VALUE-ADD OPPORTUNITY
Comparable properties in Vallejo indicate roughly 15%+ rental upside at Forest Glenn. With its strong competitive position and larger than average unit sizes, the property offers the ability to enhance income by renovating unit interiors, adding additional amenity spaces, finishing the exterior renovation, and selectively adjusting current tenant rates to market.
NEARBY AMENITIES & EMPLOYERS
• Retail & Dining: Forest Glenn is less than a 10-minute drive from Vallejo Plaza Shopping Center, which includes Target, Ross, and Grocery Outlet. Residents also enjoy quick access to Costco, Home Depot, and a range of restaurants along Admiral Callaghan Lane and Sonoma Boulevard.
• Recreation: Vallejo is home to Six Flags Discovery Kingdom, Mare Island’s waterfront trails and golf course, and the Vallejo Marina with direct access to the Napa River. Blue Rock Springs Park and Golf Course are less than 15 minutes away, offering additional outdoor recreation.
• Major Employers: Vallejo’s economy is anchored by large institutions such as Kaiser Permanente Medical Center, Sutter Solano Medical Center, Vallejo City Unified School District, Six Flags Discovery Kingdom, and the California State
View More: http://forestglennapartments.com
STELLAR UNIT MIX AND UNIT SIZES
Unit Mix & Floor Plans: The community offers a wide mix of four distinctive floor plans ranging from 670 to 1,400 square feet including flat and townhouse style units. Approximately 6% of units are one-bedroom homes, 76% of the units are two-bedroom homes, with the remaining 18% being three-bedroom homes.
ATTRACTIVE ASSUMABLE FINANCING
The property benefits from a highly favorable assumable loan with an outstanding balance of $6,001,000 at a fixed interest rate of 2.89%, structured as full-term interest-only payments. The loan is set to mature on October 1, 2030, providing long-term, low-cost financing that can be assumed by the buyer, subject to lender approval. The assumable loan offers a low-cost financing solution, enhancing the property’s overall investment profile.
DISTINCTIVE LOCATION
Forest Glenn occupies a highly strategic location in Vallejo, with immediate access to Interstate 80, connecting residents to San Francisco, Oakland, and Sacramento. The property also benefits from proximity to Highway 37, providing direct connectivity to Marin and Sonoma counties. Commuters enjoy regional ferry service from the Vallejo Ferry Terminal, offering daily service to San Francisco. With strong visibility and a gated entrance, Forest Glenn combines accessibility with a private, campus-like residential environment.
STRONG RENTAL MARKET FUNDAMENTALS
Forest Glenn is positioned within Solano County’s most dynamic rental market. Vallejo offers some of the most affordable housing options in the Bay Area, making it attractive to renters priced out of San Francisco, Oakland, and Marin. Strong demand drivers include the city’s central location, regional ferry connectivity, and expanding employment on
Mare Island. According to Real Page, Vallejo market occupancy currently sits at 95%, effective rent PSF is $2.49, and effective rent is $2,118. Forest Glenn’s occupancy is 94% (excluding down units), effective rent PSF is $1.97, and effective rent is $2,006. This indicates meaningful upside potential in Forest Glenn’s operations.
VALUE-ADD OPPORTUNITY
Comparable properties in Vallejo indicate roughly 15%+ rental upside at Forest Glenn. With its strong competitive position and larger than average unit sizes, the property offers the ability to enhance income by renovating unit interiors, adding additional amenity spaces, finishing the exterior renovation, and selectively adjusting current tenant rates to market.
NEARBY AMENITIES & EMPLOYERS
• Retail & Dining: Forest Glenn is less than a 10-minute drive from Vallejo Plaza Shopping Center, which includes Target, Ross, and Grocery Outlet. Residents also enjoy quick access to Costco, Home Depot, and a range of restaurants along Admiral Callaghan Lane and Sonoma Boulevard.
• Recreation: Vallejo is home to Six Flags Discovery Kingdom, Mare Island’s waterfront trails and golf course, and the Vallejo Marina with direct access to the Napa River. Blue Rock Springs Park and Golf Course are less than 15 minutes away, offering additional outdoor recreation.
• Major Employers: Vallejo’s economy is anchored by large institutions such as Kaiser Permanente Medical Center, Sutter Solano Medical Center, Vallejo City Unified School District, Six Flags Discovery Kingdom, and the California State
View More: http://forestglennapartments.com
Bilan financier (Pro forma - 2026) Cliquez ici pour accéder à |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
$99,999
|
$9.99
|
| Perte due à l’inoccupation |
$99,999
|
$9.99
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Dépenses d’exploitation |
$99,999
|
$9.99
|
| Total des dépenses |
$99,999
|
$9.99
|
| Revenu net d’exploitation |
$99,999
|
$9.99
|
Bilan financier (Pro forma - 2026) Cliquez ici pour accéder à
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Autres revenus (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
Faits sur la propriété
| Prix | 15 314 625 $ CAD | Style d’appartement | Jardin |
| Prix par unité | 225 215 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 3,49 AC |
| Taux de capitalisation | 7,01% | Taille du bâtiment | 69 120 pi² |
| Multiplicateur du loyer brut | 6.43 | Occupation moyenne | 85% |
| Nombre d’unités | 68 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction | 1964 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,23/1 000 pi² |
| Zonage | N/Av, Vallejo | ||
| Prix | 15 314 625 $ CAD |
| Prix par unité | 225 215 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 7,01% |
| Multiplicateur du loyer brut | 6.43 |
| Nombre d’unités | 68 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | C |
| Taille du lot | 3,49 AC |
| Taille du bâtiment | 69 120 pi² |
| Occupation moyenne | 85% |
| Nombre d’étages | 3 |
| Année de construction | 1964 |
| Ratio de stationnement | 1,23/1 000 pi² |
| Zonage | N/Av, Vallejo |
Commodités
Commodités des unités
- Balcon
- Prêt pour le câble
- Lave-vaisselle
- Traitement des déchets
- Espace d'entreposage
- Chauffage
- Cuisine
- Fourchette
- Bain/Douche
- Walk-in
- Tapis
- Salle à manger
- Plancher de vinyle
- Couvre-fenêtres
Commodités du site
- Accès 24 heures
- Accès contrôlé
- Installations de lessive
- Gestionnaire d'immeuble sur place
- CVCA contrôlé par le locataire
- Recyclage
- Entretien sur place
- Détecteur de fumée
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 4 | 2 450 $ CAD | 670 |
| 2+1 | 52 | 2 757 $ CAD | 890 - 1 100 |
| 3+1 | 12 | 3 131 $ CAD | 1 400 - 14 800 |
Walk Score®
Très pratique à pied (72)
Impôts fonciers
| Numéro de lot | 0069-461-010 | Évaluation totale | 16 383 951 $ CAD (2025) |
| Évaluation du terrain | 5 347 999 $ CAD (2025) | Impôts annuels | (1 $) CAD (0,00 $ CAD/pi²) |
| Évaluation des bâtiments | 11 035 953 $ CAD (2025) | Année d’imposition | 2026 |
Impôts fonciers
Numéro de lot
0069-461-010
Évaluation du terrain
5 347 999 $ CAD (2025)
Évaluation des bâtiments
11 035 953 $ CAD (2025)
Évaluation totale
16 383 951 $ CAD (2025)
Impôts annuels
(1 $) CAD (0,00 $ CAD/pi²)
Année d’imposition
2026
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Forest Glenn - Value Add Opportunity | 201 Avian Dr
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