1038 Alabama Street, Vallejo, CA 94590, Vallejo, 94590 - 0 bed, 0 bath
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1038 Alabama Street
Vallejo, CA 94590
ACTIVE
CONDITION: GOOD
0Beds
0Baths
1,040Sq Ft
7,000Lot Size
Property Price
LIST PRICE$525,000
EST. MARKET VALUE
$448,349
17% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $525,000—positioned well above the $448,350 Fair Market Value by -17%. While the list price exceeds current estimates, the Multi-Stream Income Generation from two residential units and a 670 sq. ft. garage provides immediate cash flow. With a Condition Rating of 3, the property is functional, yet the garage offers significant Value-Add Potential for ADU conversion. This asset is best suited for Buy-and-Hold Investors or Value-Add Developers focused on long-term rental yield.
Estimated Market Value
$448,349
Based on Realkey algorithm analyzing recent comparable sales in Vallejo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1038 Alabama Street Subject 0 bd · 0 ba · 1,040 sqft · $431 | $525,000* List Price | 0 | 0 | 1,040 | $431 | - |
A 1038 Alabama Street Active 2 bd · 2 ba · 1,040 sqft · $529 · 0.0 mi | $550,000 List Price | 2 | 2 | 1,040 | $529 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1960, the property has undergone recent updates as evidenced by the modern bathroom vanity, fixtures, and flooring. It is well-maintained, fully functional, and currently operating as an active income-generating rental.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Stream Income Generation
The property is a proven cash-flow asset currently producing three separate income streams from two residential units and a large rear garage.
- Significant Value-Add Potential
The 670 sq. ft. rear garage with alley access provides a prime opportunity for ADU conversion or expansion to maximize equity and rental yields.
- Utility and Parking Infrastructure
Equipped with three separate meters and ample off-street parking, the property offers simplified management and enhanced convenience for multiple tenants.
CONSRISKS & DEFICIENCIES
- Underperforming Local Schools
The assigned elementary and high schools have low ratings (2/10), which may limit the property's appeal to families and affect long-term appreciation.
- Compact Living Quarters
At just 1,040 total square feet for two units, the individual living spaces are relatively small, which could restrict the tenant pool and rental ceiling.
About 1038 Alabama Street
This versatile property is a cash-flow machine currently generating three separate incomes. Two incomes from the front units and a third income from the big rear garage (appr. 670 sq ft) which features convenient alley access. The true value lies in the untapped potential! Let your imagination run wild and increase your equity with endless possibilities to maximize the return on your investment. Add a bedroom or two and/or an extra bathroom to instantly command premium market rents by utilizing the big existing garage. Alternatively, convert the back garage into an additional unit. There are 3 meters. There is ample off-street parking in the front adding even more convenience and value, you can invest, expand, and watch your portfolio thrive!
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1960
- Lot Size
- 7,000 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Vallejo Unified Schools
Lincoln Elementary School
Grades K-5 • 0.5 mi
2/10
Highland Elementary School
Grades K-5 • 0.8 mi
4/10
Grace Patterson Elementary School
Grades K-5 • 2.1 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.3 |
| Baths | 0.0 | 7.0 |
| Square foot | 1,040 | 2,231 |
| Lot Size | 7,000 | 6,533.667 |
| Price | $525.0K | $621.7K |
| Price per sq ft | $505 | $321 |
| Built year | 1960 | 1940 |
| HOA | $0 | $0 |
| Days on market | 29 | 83 |
Pricing History
Listed for Sale
Sep 25, 2026
$525,000
Initial Listing