
Vallejo, CA 94591
This Quadruplex Residential Income Asset represents a Strong Value Opportunity, listed at $1,250,000. While currently priced slightly above the $1,205,735 Fair Market Value, the property offers immediate stability with a 6.9% capitalization rate and separately metered utilities. Featuring a Condition Rating of 4, the building is well-maintained with functional, dated interiors that allow for future cosmetic upgrades. With no local rent control, this is a stable, income-producing acquisition ideal for Buy-and-Hold Investors or 1031 Exchange Buyers seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 709 Pope Dr Subject | $1,250,000* List Price | 0 | 0 | 4,265 | $283 | - |
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.
Built in 1969, the property is well-maintained but dated. While interior photos show newer laminate flooring and clean paint, the presence of popcorn ceilings and older architectural details suggest renovations are likely 15-30 years old. It is functional and move-in ready but requires cosmetic updates to reach modern standards.
The property offers an attractive 6.9% capitalization rate with rents already near market levels, providing immediate positive cash flow and stability for 1031 exchange investors.
Units are separately metered for gas and electricity, which minimizes landlord overhead and protects the owner's bottom line from fluctuating utility costs.
Vallejo lacks local rent control, meaning the property is only subject to California statewide limits, allowing for consistent annual rent increases of 5% plus CPI.
Built in 1969, the property may soon require significant capital expenditures for long-term maintenance of major systems typical for a building of this vintage.
Because the units are already performing near market rent levels, there is less opportunity for a rapid 'forced appreciation' play through immediate renovations and rent hikes.
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 6.9% 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 |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,265 | - |
| Lot Size | 10,496 | - |
| Price | $1.25M | $559.7K |
| Price per sq ft | $293 | $334 |
| Built year | 1969 | 0 |
| HOA | $0 | $0 |
| Days on market | 23 | 149 |
Jun 29, 2026
$1,250,000
Initial Listing
May 26, 2006
$800,000
Public Record