468 Gillcrest Avenue, Vallejo, CA 94591, Vallejo, 94591 - 3 bed, 1 bath
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Vallejo, CA 94591
This Contractor Special represents a Strong Value Opportunity with a List Price of $299,900—positioned well below the $326,256 Fair Market Value by 8%. This valuation gap provides $26,356 in Instant Equity for buyers prepared to address its Severe Structural Distress Rating. Featuring an expansive 10,890 sqft lot, the property offers significant upside through foundation remediation and a full-scale rehabilitation. Located in Vallejo, this high-risk, high-reward 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 | $299,900* List Price | 3 | 1 | 1,110 | $294 | - |
A 215 Arguello Avenue Sold | $375,000 List Price | 3 | 2 | 1,080 | 0.4 mi | |
B 225 Gary Circle Sold | $317,000 | 3 | 1 | 1,140 | $278 | 0.7 mi |
C 112 Laurel St Sold | $300,000 | 3 | 1 | 875 | $343 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property exhibits severe structural distress, including significant foundation cracks, large ceiling holes, and wall separations as shown in the images. Built in 1955 and marketed as a 'Contractor Special,' it requires a complete overhaul of all major systems and structural remediation to address safety and habitability issues.
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 property features a generous 10,890 square foot parcel, offering significant space for potential expansion, ADU development, or extensive outdoor improvements.
Marketed as a 'Contractor Special' with 'lots of potential,' this property provides a substantial opportunity for experienced investors to build significant equity through a full renovation.
The presence of large cracks in the foundation, ceilings, walls, and walkways indicates severe structural issues that will require costly professional remediation.
Sold in 'as-is' condition as a total fixer-upper, the property requires a complete overhaul, likely making it ineligible for traditional financing and requiring significant cash reserves.
Large Parcel. Contractor Special. AS IS. Fixxer. Large cracks at foundation, ceiling, walls and walkways. Lots of potential but this project is not for the faint of heart.
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 | 20% |
| Square foot | 1,110 | 1,594 | 18% |
| Lot Size | 10,890 | 6,098 | 88% |
| Price | $299.9K | $540.0K | 11% |
| Price per sq ft | $270 | $343 | 20% |
| Built year | 1955 | 1972 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 204 | 1% |
Mar 8, 2026
$299,900
Initial Listing