Property Details
About this Property
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.
MLS Listing Information
MLS #
ML81999438
MLS Source
MLSListings, Inc.
Days on Site
47
Interior Features
Cooling
Other
Heating
Wall Furnace
Exterior Features
Roof
Flat, Mansard
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Elementary District
Hollister
High School District
San Benito High
Sewer
Public Sewer
Water
Public
Zoning
AP
Contact Information
Listing Agent
Joe Budka
Redwood Property Company
License #: 01913402
Phone: (831) 224-6903
Co-Listing Agent
Alex Budka
License #: 01913403
Phone: (831) 275-5370
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 5 | 43 | 43 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 850 | 2 | 1/0 | – | – | 33 |
| 2 | 1,100 | 3 | 2/0 | – | – | 8 |
| 3 | 450 | 1 | 1/0 | – | – | 2 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
711 South St is a Residential Income in Hollister, CA 95023. This 36,624 square foot property sits on a 1.95 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $11,995,000 and was built in 1974. This address can also be written as 711 South St, Hollister, CA 95023.
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This listing information is up-to-date as of March 25, 2025. For the most current information, please contact Joe Budka, (831) 224-6903
