COMMERCIAL INCOME PROPERTY AVAILABLE
UPSIDE POTENTIAL
332 Brown Street Napa, CA, 94559 PROPERTY SUMMARY Building Type: 5 Unit Multifamily Year Built: 1978 Building Size: 4,500 Sq Ft Total Land Area: 9,372 Sq Ft Tax ID: 005-112-015-000
Offered at $1,600,000
www.332Brown.com Simon Raya, Commercial Property Specialist | 707.326.1117 | simon@simonraya.com | SimonRaya.com
332 Brown Street Napa, CA, 94559
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QUICK FACTS
QUICK FACTS Size: Âą 4,500 Sq Ft Total Price: $1,600,000 Unit Mix: 1 Triplex; 1 Duplex Year Built: 1978 Tax ID: 005-112-015-000 RE/MAX Marketplace is proud to present 5 units in Napa with great upside potential.
months old, and the last is a few years old. The owner loves low maintenance so the trim is clad in lifetime warranty (transferable) aluminum. Unlike wood, the stucco exterior 332 Brown Street, a five-unit property consists of two is low maintenance as well. One of the tenants was also a buildings located in Napa, CA. The property was built in 1978, handyman for small jobs. and features five two-bedroom, one and one-half bathroom units. The building in the rear of the property features three The landlord added tile to the bottom floors of four of the five units and the building near Brown street has two units. units, with relatively new carpet upstairs. The landlord also There are two bedrooms and a bath upstairs. The living replaced all of the kitchen base cabinets. All five kitchens feature stainless steel sinks. Also, all stoves are upgraded to room, dining room, kitchen, and half bath are downstairs. 30-inch. All five refrigerators have been replaced in the last The property is located in a beautiful, tree-lined residential five years or so. There are washing machine hookups in all neighborhood and is close to local elementary, middle, and units, and some tenants have dryers. Two of the five sliding high schools, as well as downtown Napa. Nearby libraries, doors are double pane units. All five of the front doors are public transportation, and retailers such as Costco, Target, modern replacements. Home Depot, Safeway, and Whole Foods, add to the desirability of this location for tenants. Overall, this is an In 19 years the landlord has had slow rent growth. There easy-to-maintain investment property with rental upside is tremendous upside potential for this low maintenance property! potential. The property requires very little yard work and very little maintenance. Three of the five water heaters are covered by Sears warranty or maintenance agreements. Another is
Offered at $1,600,000
Simon Raya, Commercial Property Specialist | 707.326.1117 | simon@simonraya.com | SimonRaya.com
www.332Brown.com
LOCATION
Simon Raya, Commercial Property Specialist | 707.326.1117 | simon@simonraya.com | SimonRaya.com
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www.332Brown.com
Simon Raya, Commercial Property Specialist | 707.326.1117 | simon@simonraya.com | SimonRaya.com
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332 Brown Street Napa, CA, 94559
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ABOUT NAPA
Napa is the largest city and the county seat of Napa County. It is the principal city of the Napa County Metropolitan Statistical Area, with a population of 80,011 as of the 2010 census. It is the second-largest city in California’s Wine Country, after Santa Rosa. Napa was incorporated as a city in 1872. According to the United States Census Bureau, the city has a total area of 18.1 square miles (47 km2), of which 17.8 square miles (46 km2) is land and 0.3 square miles (0.78 km2) (1.69%) is water. Napa was the first location in California to be part of the North Coast American Viticultural Area. Renowned for its wine due to the Mediterranean climate, surprisingly only about 9% of Napa’s acres are planted to grapes. The Napa River traverses the city on its journey to the San Pablo Bay. CA-29 runs through Napa, connecting to Vallejo and the East Bay Area to the south and the Napa Wine Country to the north. CA-12 runs to the south of the city, connecting to Fairfield and Interstate 80 to the east and Sonoma and US-101 to the west.
*Population: 79,567 Median Age: 38.1 Median Household Income: $71,087 Number of Employees: 40,694 1 Year Growth: 2.19% *https://datausa.io/profile/geo/napa-ca/05-30-2018
Employment by Occupation—Most to Least: Management occupations (13%) Sales and related occupations (11%) Food preparation and serving related occupations (11%) Farming, fishing, and forestry occupations (9%) Production occupations (8%) Construction and extraction occupations (7%) Office and administrative support occupations (4%)
Simon Raya, Commercial Property Specialist | 707.326.1117 | simon@simonraya.com | SimonRaya.com
www.332Brown.com
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DEMOGRAPHIC MARKET COMPARISON
Demographic 1 MILE RADIUSMarket Comparison Report
1 mile radius
332 Brown St, Napa, CA 94559
Type: Multi-Family/Apartments County: Napa 1 Mile
County
Growth 2010 - 2018
6.54%
4.79%
Growth 2018 - 2023
2.53%
2.23%
Population Growth
Empl Unempl 2018 Population by Race
8,834
94.24%
73,032
95.98%
540
5.76%
3,055
4.02%
16,792
143,027
White
15,298
91.10%
120,540
84.28%
Black
222
1.32%
3,470
2.43%
Am. Indian & Alaskan
248
1.48%
1,812
1.27%
Asian
487
2.90%
12,208
8.54%
39
0.23%
542
0.38%
498
2.97%
4,455
3.11%
Hawaiian & Pacific Island Other Household Growth Growth 2010 - 2018
6.88%
4.83%
Growth 2018 - 2023
2.62%
2.27%
Renter Occupied
3,475
56.61%
19,100
37.28%
Owner Occupied
2,664
43.39%
32,135
62.72%
2018 Households by Household Income
6,136
51,235
Income <$25K
1,287
20.97%
7,875
15.37%
Income $25K - $50K
1,157
18.86%
8,151
15.91%
Income $50K - $75K
1,289
21.01%
9,089
17.74%
5,278
10.30%
Income $75K - $100K
511
8.33%
Income $100K - $125K
545
8.88%
5,386
10.51%
Income $125K - $150K
515
8.39%
4,972
9.70%
Income $150K - $200K
424
6.91%
4,292
8.38%
Income $200K+
408
6.65%
6,192
12.09%
2018 Med Household Inc 2018 Median Age
$60,309
$77,380
37.20
41.00
Simon Raya (707).326.1117 DRE 01924065
Simon Raya, Commercial Property Specialist | simon@simonraya.com | SimonRaya.com Copyrighted report licensed| to707.326.1117 Real Estate Broker Services - 988674.
6/6/2018 Page 2
332 Brown Street Napa, CA, 94559
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INCOME AND EXPENSE
Simon Raya, Commercial Property Specialist | 707.326.1117 | simon@simonraya.com | SimonRaya.com
Commercial Property Specialists DRE# 01924065
8220 Old Redwood Hwy, Cotati, CA 94931 707.326.1117 | simon@simonraya.com
SimonRaya.com
www.332Brown.com The information contained herein has been obtained through sources deemed reliable by RE/MAX Marketplace, but cannot be guaranteed for its accuracy. We recommend to the buyer that any information, which is of special interest, should be obtained through independent verification. ALL MEASUREMENTS ARE APPROXIMATE.