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

6

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

Marc@GuillonRealEstateGroup.com(415) 987-7544

Guillon Real Estate Group, Inc.

Lic 01839798