408 Alameda Street, Vallejo, CA 94590, Vallejo, 94590 - 2 bed, 1 bath
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Vallejo, CA 94590
This property presents a High-Potential Investment Opportunity with a List Price of $350,000—positioned well below the $308,950 Fair Market Value by -13%. While the home requires a full renovation given its Condition Rating of 5, the location within the Architectural Heritage District provides a unique foundation for value-add strategies. Featuring central heat and a one-car garage, this asset is well-suited for Buy-and-Hold Investors or Contractors capable of restoring historic charm to maximize long-term rental or resale performance.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 408 Alameda Street Subject | $350,000* List Price | 2 | 1 | 867 | $356 | - |
A 1511 Napa Street Sold | $347,000 | 2 | 1 | 1,014 | $342 | 0.7 mi |
B 703 Capitol Street Active | $419,900 List Price | 2 | 1 | 802 | $524 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1912 with no evidence of recent renovations, this property exceeds the 30-year threshold for poor condition. The kitchen features dated cabinetry and appliances, and the listing description explicitly encourages buyers to 'restore' the home and 'envision possibilities,' signaling a need for a full rehab rather than minor repairs.
Situated in Vallejo's sought-after Architectural Heritage District, the property offers unique character and long-term value within a preserved historic neighborhood.
Priced competitively at $350,000, this home presents a significant opportunity for investors or restorers to build equity through renovation and modernization.
Despite its 1912 construction, the home includes essential modern conveniences such as central heating and a one-car garage, providing a solid foundation for updates.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The property is currently tenant-occupied with a significant amount of personal belongings, which obscures the home's potential and complicates the inspection process.
With only 867 square feet of living space and a very small 1,451 square foot lot, there is minimal room for expansion or outdoor lifestyle amenities.
Located in Vallejo's sought-after Architectural Heritage District, this 2-bedroom, 1-bath home offers an opportunity to own a piece of the city's rich history. The home features central heat, a one-car garage, and a functional floor plan ready for its next chapter. Currently tenant-occupied, the property contains a significant amount of personal belongings, making it difficult to fully appreciate the home's potential. Buyers are encouraged to look beyond the current condition and envision the possibilities this property presents. Whether you're looking to expand your investment portfolio or restore a historic home to its former charm, this property offers character, location, and long-term potential in one of Vallejo's most distinctive neighborhoods.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 867 | - |
| Lot Size | 1,451 | - |
| Price | $350.0K | $514.3K |
| Price per sq ft | $404 | $362 |
| Built year | 1912 | 0 |
| HOA | $0 | $0 |
| Days on market | 7 | 83 |
Jul 15, 2026
$350,000
Initial Listing