Phone: (415) 800-7487


55 Valle Vista Avenue
Vallejo, CA 94590

Austin Creek Apartments is a 156 unit apartment community located in Vallejo California. The property consists of 76 one bedroom/one bath units of approximately 700 square feet, and 80 two bedroom/two bath units of approximately 900 square feet. The improvements consist of 10 - two story garden style buildings totaling 125,200 square feet of rentable space. Construction is wood frame with pitched composition roofs and sheet siding. Original construction was completed in 1989, and sits on 7.17 acres in Solano County.

We acquired this property at 6.5% cap rate which Northern California is consedered very good. With long term 12 year fixed rate money al 4.2% are generating significant cash flow for investors. We are finishing a mayor capital improvement program to create a more market rate community for residences. We have added a fitness center, business center and completed a capital expense program by replacing dry rot and painting the exterior of the property. Lastly we are adding a gate for increased security to complete the upgrade.

Unit amenities include central air conditioning and heat, plush wall to wall carpeting, ceiling fans, and walk-in closets. All units are cable ready with available high speed internet access. All kitchens are fully appointed with gas ovens and stoves, as well as dishwashers and garbage disposals and frost free refrigerators. Each unit has a private patio or balcony and comes equipped with washer/dryer hookups. Several units have recently undergone a renovation and upgrade project including new paint, granite counter tops, cherry wood cabinets, carpeting and flooring, and stainless steel appliances. Rents for these units have increased an average of $100 per month post renovation when re-rented.

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