Multi Family Complex – Court Ordered – 150 Drouin Drive | Rio Vista, CA 94571
Investment Highlights
The subject property is located on the far west side of Rio Vista, one mile north/west of the central commercial district on Main Street and the downtown waterfront district along the Sacramento River. The subject is off Rio Vista Highway (State Route 12), the main route through town. Interstate-80 is 25 miles west of town. The junction of SR-12 and Interstate 5 is 17 miles east of the subject. I-5 travels through Sacramento to the north and south to Los Angeles.
The property is located on Drouin Street one block west of Rio Vista Highway. The immediate area is primarily single family residential properties with commercial uses along SR-12. Outside the city limits to the north and west is agricultural land. The immediate neighborhood is bound to the north/east by Highway 12, to the south by Sierra Avenue, and to the west by agricultural land. The following aerial map indicates about 45% of the neighborhood is developed with residential uses, and 15% commercial and office uses, and about 40% is agricultural land to the west and north of the subject.
Investment Overview
- Property Address: 150 Drouin Drive, Rio Vista, CA 94571
- Property Type: Multi-family residential
- 1 Bedroom/1 Bathroom: Units 9
- 2 Bedroom/1 Bathroom: Units 19
- Number Of Buildings: 5
- Number Of Stories: 1
- Parcel ID:
- 0049-132-080 | 11,326 SF Lot
0049-132-090 | 13,504 SF Lot
0049-132-100 | 14,810 SF Lot
0049-132-110 | 6,572 SF Lot
- 0049-132-080 | 11,326 SF Lot
- Building Area: 21,672 SF
- Total Site Area: 66,211 SF
- Year Built / Renovated: 1963
- Zoning: R-4
- Exterior Construction: Stucco and stone
- Roof: Gable roof with shingle covering
- Pro forma Gross Income: $460,000
- BIDS DUE PRIOR TO OR ON FEBRUARY 10, 2025 NOON PT
- SUGGESTED STARTING BID $2,500,000
- APPRAISED VALUE OF $5,025,000
