734 Florida St, Vallejo, CA 94590, Vallejo, 94590 - 0 bed, 0 bath
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Vallejo, CA 94590
This Centrally Located Triplex is a strategic income asset listed at $850,000, offering immediate cash flow and long-term upside. While the $728,728 Fair Market Value reflects its current Fair Condition Rating, the property presents significant Value-Add Potential through cosmetic improvements to achieve market-rate rents. The generous lot includes an attached garage and ADU Possibilities, providing a path for forced appreciation. Despite lower-rated local schools, proximity to the Vallejo Ferry Terminal ensures consistent commuter demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 734 Florida St Subject | $850,000* List Price | 0 | 0 | 2,636 | $276 | - |
A 124 Louisiana St Sold | $840,000 | 0 | 0 | 3,280 | $256 | 0.6 mi |
B 904 Maine Street Active | $799,000 List Price | 6 | 4 | 2,532 | $316 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1905, this triplex is well-maintained but largely outdated, fitting the 'fair' criteria perfectly. While the units are functional and currently income-generating, the kitchens and bathrooms feature older cabinetry, laminate countertops, and aged appliances. The listing explicitly identifies the property as a 'value-add' opportunity requiring cosmetic improvements to achieve market rents, indicating that while systems are operational, they have not undergone a full modern renovation in recent years.
This triplex features a mix of two 2-bedroom units and one 3-bedroom unit, providing excellent flexibility for house-hacking owner-occupants or investors seeking diversified rental income.
Situated near downtown Vallejo and the Ferry Terminal, the property offers convenient access to San Francisco, making it highly attractive to commuters and ensuring strong rental demand.
The generous lot includes an attached garage and RV parking, offering significant upside through cosmetic renovations to achieve market rents and potential ADU development.
Originally constructed in 1905, the property likely requires ongoing maintenance and cosmetic updates to modernize the units and remain competitive in the rental market.
The local public schools are rated poorly (2/10 for elementary and high school), which may limit the appeal for families and impact long-term tenant stability.
Rare opportunity to acquire a centrally located triplex in the heart of Vallejo with immediate income and long-term upside. 734-738 Florida St offers two well-sized 2BD/1BA units and one spacious 3BD/2BA unit (buyer to verify), creating strong rental flexibility for investors or owner-occupants. Ideal for house hacking—live in one unit and offset your mortgage with rental income or add to your portfolio for steady cash flow potential. Situated on a generous lot with off-street parking, RV parking, and an attached garage, the property may offer additional expansion or ADU possibilities (buyer to verify with city). Each unit has its own entrance and ample natural light. With cosmetic improvements, rents could be increased to market levels, making this an attractive value-add opportunity. Conveniently located near downtown Vallejo, the Vallejo Ferry Terminal with service to San Francisco, shopping, schools, major freeways, and public transportation. Strong rental demand and commuter accessibility enhance the appeal. Whether you're seeking income, appreciation, or a strategic multi-unit investment, this property delivers versatility and potential.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 1.2 mi
Grades K-5 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 4.0 | 20% |
| Baths | 0.0 | 1.0 | 40% |
| Square foot | 2,636 | 1,566 | 80% |
| Lot Size | 6,340 | 4,809 | 60% |
| Price | $850.0K | $599.0K | 80% |
| Price per sq ft | $322 | $322 | 50% |
| Built year | 1905 | 1895 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 107 | 215 | 20% |
Feb 27, 2026
$850,000
Initial Listing
Jun 22, 1998
$80,000
Public Record