310 Wallace Avenue, Vallejo, CA 94590, Vallejo, 94590 - 3 bed, 2 bath
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310 Wallace Avenue
Vallejo, CA 94590
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,092Sq Ft
3,999Lot Size
Property Price
LIST PRICE$460,000
EST. MARKET VALUE
$436,372
5% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $460,000—positioned well below the $436,373 Fair Market Value by -5%. While the property is priced slightly above market, the Fair Condition Rating and dual-meter setup provide a clear path for value-add through a Junior ADU conversion. The home features original hardwood floors and a large lot, offering significant upside for forced appreciation. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants looking to leverage rental income to offset mortgage costs.
Estimated Market Value
$436,372
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 |
|---|---|---|---|---|---|---|
★ 310 Wallace Avenue Subject 3 bd · 2 ba · 1,092 sqft · $400 | $460,000* List Price | 3 | 2 | 1,092 | $400 | - |
A 317 Central Avenue Sold 3 bd · 2 ba · 1,155 sqft · $420 · 0.2 mi | $485,000 | 3 | 2 | 1,155 | $420 | 0.2 mi |
B 1310 Alabama Street Sold 2 bd · 1 ba · 1,003 sqft · $434 · 0.9 mi | $435,000 | 2 | 1 | 1,003 | $434 | 0.9 mi |
C 140 Wallace Avenue Sold 3 bd · 2 ba · 1,227 sqft · $379 · 0.2 mi | $465,000 | 3 | 2 | 1,227 | $379 | 0.2 mi |
D 220 Perkins Ave Sold 3 bd · 1 ba · 1,478 sqft · $303 · 0.3 mi | $448,000 | 3 | 1 | 1,478 | $303 | 0.3 mi |
E 816 Grant St Sold 3 bd · 2 ba · 1,120 sqft · $415 · 0.9 mi | $465,000 | 3 | 2 | 1,120 | $415 | 0.9 mi |
F 1121 Ohio Street Sold 2 bd · 1 ba · 1,307 sqft · $344 · 0.9 mi | $450,000 | 2 | 1 | 1,307 | $344 | 0.9 mi |
G 312 Central Avenue Pending 2 bd · 1 ba · 1,025 sqft · $389 · 0.2 mi | $399,000 List Price | 2 | 1 | 1,025 | $389 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1936 and maintained by the same owner for 50 years, the property is functional but dated. The kitchen features a renovation likely 20-25 years old with oak cabinets and tile countertops, and the living areas have older carpeting covering original hardwoods. While well-kept, it requires cosmetic updates and likely system modernizations to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Income Potential
The property features a downstairs unit with a private entrance and a separate electric meter, offering significant potential for a Junior ADU or rental income.
- Vintage Character
Built in 1936, this home retains its original charm with hidden hardwood floors and a vintage corner bathtub, providing a unique foundation for a classic restoration.
- Outdoor Living Space
A generously sized yard offers ample room for social gatherings, BBQs, and gardening, which is a highly desirable feature for a property of this size.
CONSRISKS & DEFICIENCIES
- Cosmetic Updates Required
Having been maintained by the same owner for 50 years, the interior requires modern updates and personal touches to meet current market standards.
- Limited Bathroom Count
With only one bathroom currently serving the residence, the layout may be restrictive for families or multi-unit living without further plumbing investment.
About 310 Wallace Avenue
Check out this Vintage beauty. Waiting for your personal touches. This home has been lovingly maintained for the past 50 years. Two bedrooms, dining room and eat in kitchen in the main floor and one bedroom and bath downstair make this a very comfortable home.(There's also a full eat-in kitchen downstairs) There is original hardwood flooring under the carpet just waiting to be rediscovered by new owner. The original corner bath tub is absolutely adorable. Large yard for social gatherings, BBQs etc. Downstairs beside having an eat in kitcheno has a private entrance. Duplex? Junior ADU? you decide. Home has 2 electric meters.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1936
- Lot Size
- 3,999 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,092 | 1,440.296 |
| Lot Size | 3,999 | 6,355.915 |
| Price | $460.0K | $529.2K |
| Price per sq ft | $421 | $358 |
| Built year | 1936 | 1959 |
| HOA | $0 | $142 |
| Days on market | 43 | 47 |
Pricing History
Listed for Sale
Sep 11, 2026
$460,000
Initial Listing