150 Florida Street, Vallejo, CA 94590, Vallejo, 94590 - 7 bed, 4 bath
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Vallejo, CA 94590
This Waterfront Quadruplex represents a High-Potential Investment Opportunity with a List Price of $899,900, supported by an exceptional 10.25% CAP rate. While the Fair Market Value is $825,869, the pricing reflects a Condition Rating of Excellent following extensive 2022 capital improvements, including a new roof, updated plumbing, and modernized kitchens. Each unit offers private balconies with marina views, complemented by additional income from on-site laundry and detached garages. This turnkey asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack near the Ferry Building.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 150 Florida Street Subject | $850,000* List Price | 7 | 4 | 3,440 | $247 | - |
A 12 Daniels Avenue Active | $950,000 List Price | 8 | 4 | 3,494 | $272 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent extensive renovations in 2022, including a new roof, updated plumbing, and separate water heaters. The interiors are modernized with new laminate flooring, fresh paint, and updated kitchens featuring stone countertops and stainless steel appliances. Because these comprehensive upgrades occurred within the last 5 years, the property meets the criteria for excellent condition despite its 1984 build date.
The property delivers an exceptional 10.25% CAP rate, supported by strong market rents and diversified income streams from detached garages and on-site coin-operated laundry.
Significant renovations completed in 2022, including a new roof, updated plumbing, separate water heaters, and modernized interiors, greatly reduce the risk of near-term deferred maintenance.
Featuring marina views and large private balconies, the property is ideally situated near the Ferry Building and Yacht Club, making it highly attractive to Bay Area commuters.
The property only features partial dual-pane windows, which may result in lower energy efficiency and less noise insulation compared to fully upgraded buildings.
With only one dedicated garage space per two-bedroom unit, the property may face challenges accommodating multi-vehicle households, which is common for the area.
Attention Investors!!! This marina and waterfront view fourplex delivers a strong 10.25 CAP rate with four spacious 2 bedroom 1 bath units, each offering approximately 860 square feet and large balconies overlooking the water and marina. Located just minutes from freeway access, the Yacht Club, and the Ferry Building, this property is ideal for Bay Area commuters and benefits from strong market rents, additional garage income, and on site coin operated laundry that produces consistent monthly cash flow. Major capital improvements include a new roof and gutters in 2022, updated plumbing, separate 2022 water heaters and utility lines for each unit, fully rebuilt and permitted balconies, updated patio doors, partial dual pane windows, and modernized interiors featuring laminate flooring, fresh interior paint, updated kitchens and bathrooms, and stainless steel appliances 2022 or newer. A detached rear parking garage provides one dedicated space per unit, while the included coin operated washer and dryer further boosts income. Mature fruit trees including nectarines, plums, figs, apricot and orange, along with no side neighbor and beautifully landscaped stairways, create a private and relaxing setting, making this a rare opportunity to acquire a waterfront fourplex with strong cash flow, completed capital upgrades, and long term upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 80% |
| Baths | 4.0 | 2.0 | 80% |
| Square foot | 3,440 | 1,566 | 80% |
| Lot Size | 6,499 | 4,809 | 60% |
| Price | $850.0K | $599.0K | 80% |
| Price per sq ft | $247 | $292 | 40% |
| Built year | 1984 | 1895 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 132 | 215 | 20% |
Apr 24, 2026
$850,000
$899,900
-6% Price Drop
Initial Listing
Feb 2, 2026
$899,900
Initial Listing