409 Carolina Street, Vallejo, CA 94590, Vallejo, 94590 - 0 bed, 0 bath
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409 Carolina Street
Vallejo, CA 94590
ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,406Sq Ft
6,499Lot Size
Property Price
LIST PRICE$815,000
EST. MARKET VALUE
$816,826
SUMMARY
This 6-unit complex represents a High-Potential Investment Opportunity with a List Price of $815,000—positioned well below the $816,827 Fair Market Value by 0.22%. Featuring a Condition Rating of 4, the property offers significant value-add potential through unit renovations and garage storage conversions. With a prime location near the SF Ferry and downtown, this asset is designed for Buy-and-Hold Investors and Value-Add Developers seeking to capture $16k-$18k in annual revenue growth through strategic upgrades and parking optimization.
Estimated Market Value
$816,826
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 |
|---|---|---|---|---|---|---|
★ 409 Carolina Street Subject | $815,000* List Price | 0 | 0 | 3,406 | $240 | - |
A 900 Santa Clara Street Active | $725,000 List Price | 0 | 0 | 3,248 | $223 | 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 1920, this 6-unit complex shows a mix of conditions; while some units feature recent bathroom renovations with modern tiling, other kitchens remain significantly dated with older cabinetry and tile work. The listing explicitly mentions 'upgrade potential' and the need for key improvements to maximize revenue, fitting the criteria for a functional but dated property needing updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Commuter Location
Situated just four blocks from the SF Ferry and two blocks from downtown Vallejo, this property offers exceptional accessibility for commuters and easy access to local dining and entertainment.
- Significant Revenue Upside
The property presents multiple value-add opportunities, including unit renovations, garage storage conversions, and off-alley parking, with a projected annual income increase of $16k-$18k.
- Multi-Unit Community Appeal
This 6-unit complex features a rare enclosed grassy campus and a freshly painted exterior, providing a desirable community atmosphere that helps attract and retain tenants.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance Risk
Built in 1920, the property may require substantial capital expenditure for infrastructure updates and key renovations to achieve the projected market rents.
- Low School Ratings
The assigned elementary and high schools carry low ratings (2/10), which may limit the appeal to families and impact the long-term appreciation potential compared to other areas.
About 409 Carolina Street
Promising, 6-unit complex with enclosed grassy campus and lots of upside. Just 2-4 blocks to downtown & SF Ferry. Garage possibilities as subdivided storage & laundry center. Yard at alley could be converted to off-street, parking revenue. This is a friendly apartment community sharing a community lawn space & with lots of upgrade potential. + Freshly painted exterior. Some units recently renovated + 2-blocks to Provisions - Vallejo's fave restaurant + 2.5-blocks to Empress Theater + 3-blocks to Saturday Downtown Farmer's Market + 4-blocks to SF Ferry + Key upgrades could improve revenue $1370-$1530/mo. (1/1 renovation $600/mo., Garage storage units $300-360/mo., Laundry $120/mo., Cottage deck $150/mo., Off-alley assigned parking $200-300/mo. => $1370-1530/mo.=> $16k-18k/yr.)
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1920
- Lot Size
- 6,499 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Vallejo Unified Schools
Lincoln Elementary School
Grades K-5 • 0.2 mi
2/10
Highland Elementary School
Grades K-5 • 1.5 mi
4/10
Grace Patterson Elementary School
Grades K-5 • 2.0 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 6.0 |
| Baths | 0.0 | 7.0 |
| Square foot | 3,406 | 2,224.5 |
| Lot Size | 6,499 | 7,187 |
| Price | $815.0K | $602.5K |
| Price per sq ft | $239 | $334 |
| Built year | 1920 | 1924 |
| HOA | $0 | $0 |
| Days on market | 14 | 100 |
Pricing History
Listed for Sale
Aug 26, 2026
$815,000
Initial Listing
Sold
May 6, 2024
$625,000
Public Record
Sold
Jul 20, 1999
$195,000
Public Record