468 Gillcrest Avenue, Vallejo, CA 94591, Vallejo, 94591 - 3 bed, 1 bath
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Vallejo, CA 94591
This Value-Add Fixer Opportunity is listed at $349,000, a price point reflecting its current Poor Condition Rating. Marketed as a "diamond in the rough," the property is positioned fairly relative to its $339,378 Fair Market Value, offering a stable entry point for forced appreciation. The primary investment upside lies in the expansive 10,890 sqft Lot, which offers significant ADU Potential and room for footprint expansion. Requiring a complete interior and exterior overhaul of the 3-bedroom, 1-bathroom layout, this asset is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 468 Gillcrest Avenue Subject | $349,000* List Price | 3 | 1 | 1,110 | $306 | - |
A 215 Arguello Avenue Sold | $375,000 List Price | 3 | 2 | 1,080 | 0.4 mi | |
B 425 Del Sur Street Sold | $410,000 | 3 | 2 | 1,211 | $339 | 0.4 mi |
C 225 Gary Circle Sold | $317,000 | 3 | 1 | 1,140 | $278 | 0.7 mi |
D 468 Gillcrest Avenue Active | $299,900 List Price | 3 | 1 | 1,110 | $270 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1955 (69 years old) with no mentioned renovations, this property is marketed as a 'true fixer' and 'diamond in the rough.' Exterior images show significant stucco cracking, peeling paint, and deferred maintenance. The description's focus on 'investors' and 'flippers' indicates that the kitchen, bath, and major systems (HVAC/Electric) likely require a complete rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 1110.
The generous 10,890 sqft quarter-acre lot offers significant space for outdoor expansion, gardening, or the construction of an Accessory Dwelling Unit (ADU) to maximize property value and utility.
Priced competitively as a 'true fixer,' this property presents a high-equity opportunity for investors or flippers to build substantial value through strategic renovations and modernization.
Marketed as a 'diamond in the rough,' the property requires significant capital investment and labor to address its current condition, making it unsuitable for buyers seeking a move-in ready home.
With three bedrooms but only one bathroom, the current floor plan may be restrictive for modern families and likely necessitates a redesign to add a second bath for better marketability.
Opportunity knocks at 468 Gillcrest in Vallejo! Situated on an expansive quarter-acre lot, this property is a true fixer with incredible upside potential for investors, flippers, or buyers looking to create their dream home. With ample space both inside and out, the possibilities are endless: expand, redesign, or build out the yard to suit your vision. The generous lot offers room for outdoor living, gardening, potential ADU, or additional parking. Located in an established neighborhood with convenient access to local amenities, commuting routes, and the Vallejo waterfront, this is a rare chance to unlock value in a growing area. Bring your tools and imagination this diamond in the rough is ready to be transformed!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 1,110 | 1,545 | 23% |
| Lot Size | 10,890 | 6,098.4 | 87% |
| Price | $349.0K | $525.0K | 17% |
| Price per sq ft | $314 | $333 | 41% |
| Built year | 1955 | 1966 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 224 | 1% |
May 5, 2026
$349,000
Initial Listing