1061 W L St Benicia, CA 94510

Value-add investment opportunity in Benicia, CA with on-site coin-op laundry facility and ideal 2-bedroom, 1.5-bathroom unit mix. It features carport parking for each tenant and balconies over the carport with views of the Carquinez Strait. On-site management is not required, keeping operating expenses minimal and current rents average $600 below estimated market rents, providing over 50% rental upside for the new owner. 1061-1073 West L Street is located near the intersection of West L Street and West 11th Street with views overlooking the downtown area and the Carquinez Strait and just a few blocks from the on- and off- ramps for I-780 North and South. The residents enjoy close proximity to a number of retailers and dining options including the Southampton Center one mile away. Additionally, the property is within a few blocks of the Benicia State Recreation Area; Benicia elementary, middle, and high schools; and the waterfront 9th Street Park with a free boat launch ramp.