Investment opportunity offered at a 5.73% cap rate on in-place PLUS upside. Hollister Hacienda offers investors a unique opportunity to acquire an extensively renovated, well performing apartment complex strategically located in close proximity to Silicon Valley. With San Jose just a 35-45 minute commute, residents take advantage of the fact that housing costs in Hollister are approximately 40-45% less than Santa Clara County. Strong unit mix: (33) 2 bed/1 bath, (8) 3 bed/2 bath and (2) studios. Hollister is a perennially tight housing market, and there are no market-rate multifamily projects slated for development. The complex has undergone significant improvements to the exterior and all 43 unit interiors, resulting in low maintenance costs and an enhanced living experience for tenants. Very few other complexes in San Benito County offer the same large unit square footage, spacious low-density footprint, favorable on-site parking ratio, and mix of complementary amenities. Realistic upside in income potential exists for future ownership: 1) upside in rents 2) possibility of building up to 10 ADUs 3) addition of in-unit laundry to 2 bedroom units 4) utility billing and/or submetering 5) upside in parking, pet and storage income. Great agency debt quote available.
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Listing Snapshot
Price
$11,995,000
Days On Site
146 Days
Bedrooms
N/A
Inside Area (SqFt)
36,624 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.95 Acres
Year Built
1974
MLS® Number
ML81999438
Status
Active
Property Tax
$145,552
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Listed by of Joe Budka of Redwood Property Company 8312246903
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than eXp Realty are marked with the Internet Data Exchange icon and detailed information about them includes the names of the listing brokers and listing agents. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, MLS Listings, Inc..
Last checked: 2025-08-19 11:02 AM UTC
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