709 Pope Dr, Vallejo, CA 94591, Vallejo, 94591 - 0 bed, 0 bath
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Vallejo, CA 94591
This Multi-Family Investment Asset is listed at $1,300,000, representing a stable entry point positioned near its $1,269,494 Fair Market Value. Boasting an attractive 6.3% Capitalization Rate, the property delivers immediate, stable cash flow supported by rents currently aligned with market levels. The Fair Condition Rating indicates a well-preserved 1969 structure featuring separately metered gas and electricity to minimize operational overhead and owner expenses. Positioned in a market with no local rent control, this asset offers a clear path for long-term income growth, making it an ideal acquisition for 1031 Exchange Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 709 Pope Dr Subject | $1,300,000* List Price | 0 | 0 | 4,265 | $298 | - |
A 150 Yorkshire Court Active | $1,200,000 List Price | 8 | 5 | 4,271 | $281 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a well-maintained 1969 fourplex that shows pride of ownership but remains largely in its original or older updated state. While clean and functional, the kitchens and bathrooms feature dated cabinetry, laminate countertops, and older white appliances. The presence of standard carpeting and older light fixtures, combined with the building's age, aligns with the 'fair' criteria of being aged but maintained through regular upkeep without recent major renovations.
The property offers an attractive 6.3% capitalization rate with rents already near market levels, providing immediate stable cash flow and a solid foundation for a 1031 exchange.
Units are separately metered for gas and electricity, which minimizes landlord overhead and shifts utility cost responsibilities to the tenants.
With no local rent control in Vallejo, the property is only subject to California statewide limits, allowing for more flexible annual rent increases of up to 5% plus CPI.
Constructed in 1969, the property may require more frequent maintenance or capital expenditures for aging systems compared to newer multi-family developments.
To achieve positive cash flow as advertised, a significant 30% down payment is required, which may be a barrier for investors seeking higher leverage.
Exceptional Investment Opportunity. Offered for the first time in many years, this well-maintained fourplex reflects true pride of ownership and represents a rare addition to the market. The property features strong in-place income with rents near current market levels, allowing for immediate and stable cash flow. Offered at an approximate 6.3% capitalization rate, the asset delivers positive cash flow with 30% down, with increased returns as equity investment increases. This property is ideally suited for an investor completing a 1031 exchange, particularly those transitioning from a smaller multifamily asset into a larger, income-producing property. Each unit is separately metered for gas and electricity, minimizing owner expenses. Vallejo does not have local rent control; therefore, the property is subject to California statewide rent control, allowing for annual rent increases of up to 5% plus CPI, providing a clear path for long-term income growth. A compelling opportunity for investors seeking a stable asset with immediate income and built-in upside.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 2.0 | 50% |
| Square foot | 4,265 | 3,759.5 | 50% |
| Lot Size | 10,496 | 27,899 | 50% |
| Price | $1.30M | $1.09M | 50% |
| Price per sq ft | $305 | $287 | 50% |
| Built year | 1969 | 1979 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 107 | 151 | 50% |
Jan 5, 2026
$1,300,000
Initial Listing
May 26, 2006
$800,000
Public Record