Description
Exceptional Investment Opportunity. Offered for the first time in many years, this well-maintained fourplex reflects true pride of ownership and represents a rare addition to the market. The property features strong in-place income with rents near current market levels, allowing for immediate and stable cash flow. Offered at an approximate 6.9% capitalization rate, the asset delivers positive cash flow with 30% down, with increased returns as equity investment increases. This property is ideally suited for an investor completing a 1031 exchange, particularly those transitioning from a smaller multifamily asset into a larger, income-producing property. Each unit is separately metered for gas and electricity, minimizing owner expenses. Vallejo does not have local rent control; therefore, the property is subject to California statewide rent control, allowing for annual rent increases of up to 5% plus CPI, providing a clear path for long-term income growth. A compelling opportunity for investors seeking a stable asset with immediate income and built-in upside.
Details
| MLS # | 41139980 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1969 |
| Days On Site | 64 |
| Listing Provided By | CENTURY 21 Masters | John L. Morra |
Features
| Units | 4 |
|---|---|
| Acreage | 0.24 |
Interior
| Cooling | See Remarks |
|---|---|
| Heating | See Remarks |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Construction Materials | Stucco |
|---|---|
| Lot Features | Front Yard |
Parking
| Parking Features | Covered |
|---|
Area Information
| State | CA |
|---|---|
| County | Solano |
| City | Vallejo |
| Zip Code | 94591 |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $1,250,000 low | high Med: $820,000 On site: 64 low | high Med: 134 | |
Market Activity 94591
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Solano |
| City | Vallejo |
| Zip Code | 94591 |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $1,250,000 low | high Med: $820,000 On site: 64 low | high Med: 134 | |
