1201 Magazine Street, Vallejo, CA 94591, Vallejo, 94591 - 3 bed, 3 bath
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Vallejo, CA 94591
This property presents a Strong Value Opportunity with a List Price of $350,000—positioned well below the $380,491 Fair Market Value by 8%. This valuation gap offers $30,491 in Instant Equity for buyers. With a Condition Rating of 5, the home requires a full renovation, but the 7,840 sq ft lot provides significant ADU development potential. Located near schools and transit, this is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1201 Magazine Street Subject | $350,000* List Price | 3 | 3 | 1,622 | $235 | - |
A 225 Gary Circle Sold | $317,000 | 3 | 1 | 1,140 | $278 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1942 with no evidence of recent renovations, the property exhibits significant safety and structural defects. Interior photos show a large hole in the floor exposing the sub-structure, unfinished walls, and a water heater on a temporary base. The listing description confirms it is an investor-focused project requiring a complete 'transformation' and rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7840, living area = 1622.
The generous 7,840 sq ft lot provides significant opportunity for ADU development or expansion, offering excellent upside for investors or multigenerational living.
Situated within walking distance to elementary and middle schools and minutes from major highways, this property offers exceptional convenience for families and commuters.
The property requires a full transformation and 'vision,' indicating that substantial capital investment will be necessary to modernize the 1942 structure.
Built in 1942, the home likely faces challenges associated with older systems and structural elements that may require costly updates to meet current standards.
This 3-bed, 2 and 1/2 bath home offers 1622 sq ft of living space on a generous 7840 sq ft lot, providing ample room to reimagine and add value. Two long private driveway leads to a 2-car garage, offering abundant parking and storage. Locations offers- walking distance from Glen Cove Elementary School and Hogan Middle School and public transportation, minutes away from the highway convenient for commuters. Ideal for investors or buyers seeking strong upside potential, the property’s spacious lot may allow for ADU development, creating additional income or multigenerational living options. Bring your vision — this home is ready for transformation and offers outstanding long-term potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 59% |
| Square foot | 1,622 | 1,505 | 56% |
| Lot Size | 7,840 | 6,098.4 | 73% |
| Price | $350.0K | $519.0K | 20% |
| Price per sq ft | $216 | $333 | 14% |
| Built year | 1942 | 1963 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 219 | 1% |
May 31, 2026
$350,000
Initial Listing
Jun 7, 2010
$125,000
Public Record
Oct 2, 2007
$460,000
Public Record