
Vallejo, CA 94590
This property presents a High-Potential Investment Opportunity with a List Price of $398,000—positioned well below the $411,922 Fair Market Value by 3%. This valuation gap offers $13,922 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires cosmetic updates to unlock its full potential. The expansive 5,227 sq. ft. lot provides significant upside for an ADU addition. This is a value-add asset ideal for Buy-and-Hold Investors or first-time buyers seeking to build immediate sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 140 California Street Subject | $398,000* List Price | 2 | 1 | 1,047 | $395 | - |
A 1310 Alabama Street Sold | $435,000 | 2 | 1 | 1,003 | $434 | 0.9 mi |
B 186 Fairmont Avenue Sold | $510,000 | 2 | 1 | 1,258 | $405 | 0.8 mi |
C 120 Mississippi Street Sold | $497,000 | 3 | 2 | 1,230 | $404 | 0.5 mi |
D 1810 Sutter Street Sold | $350,000 | 2 | 1 | 824 | $425 | 0.7 mi |
E 17 Parrott Street Sold | $364,500 | 3 | 2 | 1,100 | $331 | 0.7 mi |
F 2408 Alameda Street Active | $449,000 List Price | 2 | 1 | 1,132 | $397 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1942 with a kitchen and flooring renovation likely dating back 15-20 years (oak cabinets, granite counters). While functional and featuring central HVAC, the listing explicitly identifies it as a 'light fixer' requiring cosmetic updates and exterior maintenance to reach full potential.
The expansive 5,227 sq. ft. lot provides ample space for an Accessory Dwelling Unit (ADU) or a future home addition, offering significant long-term value-add potential.
Marketed as a 'light fixer' with a solid foundation, this property allows investors or handy homeowners to build immediate equity through straightforward cosmetic updates.
At 1,047 sq. ft., the home offers a well-proportioned and functional layout for a two-bedroom residence, making it an ideal starter home or rental property.
The property requires cosmetic updates and a contractor's vision, which necessitates additional upfront capital and time beyond the purchase price.
With only one bathroom for over 1,000 sq. ft. of living space, the property may face limitations in appeal for larger households or modern buyer preferences.
Value-add opportunity in Vallejo. This 2-bedroom, 1-bathroom single-story home offers 1,047 sq. ft. of functional living space on a spacious 5,227 sq. ft. lot. Built in 1942, this property is a true light fixer requiring cosmetic updates to unlock its full potential. The expansive backyard provides ample room for an ADU, a future addition, or outdoor entertaining space. Solid foundation for investors or buyers looking to build immediate sweat equity. Straightforward project. Bring your contractor and your vision.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,047 | 1,479.515 |
| Lot Size | 5,227 | 6,467.939 |
| Price | $398.0K | $557.8K |
| Price per sq ft | $380 | $359 |
| Built year | 1942 | 1959 |
| HOA | $0 | $159 |
| Days on market | 70 | 46 |
Jul 1, 2026
$398,000
Initial Listing
Jun 27, 2016
$210,000
Public Record
May 25, 2001
$152,500
Public Record