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www.121Lincoln.com; 11-unit apartment complex offering excellent current income and solid long-term upside. The units mix offers three 2bd/2bth units, five 1bd/1bth units, and three studio units. The property was originally built in 1938, offers approximately 4,548 square feet of rental space, and sits on an oversized 24,292 square foot lot with ample room for parking and possible future development. Many of the units have been remodeled and offer updated kitchens and bathrooms, wood floors, new cabinets, new tile, new lighting, and fresh paint. The building is easy to manage, with very little maintenance, providing low annual operating expenses. Currently, the property is almost 100% occupied with stable tenants with rents approximately 25% below market providing predictable income and a profitable investment. This is a perfect opportunity for an investor to acquire a turn-key property in a rapidly improving neighborhood with excellent long-term potential.
Property Type(s):
Residential Income
| Last Updated | 3/5/2026 | Tract | VALLEJO HILLS |
|---|---|---|---|
| Year Built | 1938 | County | Solano |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| CONSTRUCTION | See Remarks |
| HEAT | See Remarks |
| LOT | 0.5577 acre(s) |
| LOT DIMENSIONS | 24292 |
| SUBDIVISION | VALLEJO HILLS |
Location
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Listed with The Pinza Group, Inc
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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