Benicia, CA 94510,1061 W L St
Benicia, CA 94510,1061 W L St
Benicia, CA 94510,1061 W L St
19
$1,165,000
$1,195,000
2.5%
Est.Price: ?

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0.27 Acres Lot

1061 W L St Benicia, CA 94510

Est. payment /mo
SOLD DATE : 05/21/2021

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Key Details

Sold Price $1,165,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Benicia Marina

MLS Listing ID 40939981

Year Built 1968

Lot Size 0.270 Acres

Property Description

Value-add investment opportunity in Benicia, CA with on-site coin-op laundry facility and ideal 2-bedroom, 1.5-bathroom unit mix. It features carport parking for each tenant and balconies over the carport with views of the Carquinez Strait. On-site management is not required, keeping operating expenses minimal and current rents average $600 below estimated market rents, providing over 50% rental upside for the new owner. 1061-1073 West L Street is located near the intersection of West L Street and West 11th Street with views overlooking the downtown area and the Carquinez Strait and just a few blocks from the on- and off- ramps for I-780 North and South. The residents enjoy close proximity to a number of retailers and dining options including the Southampton Center one mile away. Additionally, the property is within a few blocks of the Benicia State Recreation Area; Benicia elementary, middle, and high schools; and the waterfront 9th Street Park with a free boat launch ramp. Views: Carquinez

Location

State CA

County Solano

Interior

Heating SeeRemarks

Flooring Carpet

Exterior

Parking Features Carport

View Y/N Yes

View Bay

Building

Lot Description BackYard, FrontYard, Yard

Sewer PublicSewer

Others

Acceptable Financing Item1031Exchange

Listing Terms Item1031Exchange

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California Regional MLS (CRMLS)
Listed by ETHAN BERGER • NAI Northern California
Bought with Marguerita Castanera • CENTURY 21 Wine Country

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Norma Mardelli

Agent | License ID: 01477249

+1(818) 400-3794

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