827 Pennsylvania Street, Vallejo, CA 94590, Vallejo, 94590 - 0 bed, 0 bath
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827 Pennsylvania Street
Vallejo, CA 94590
ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,846Sq Ft
6,499Lot Size
Property Price
LIST PRICE$749,900
EST. MARKET VALUE
$819,388
8% BelowMARKET VALUE
SUMMARY
This 6-unit High-Potential Investment Opportunity is listed at a List Price of $749,900, positioned well below the $785,421 Fair Market Value by 4%. This valuation gap offers $35,521 in Instant Equity. With a Fair Condition Rating, the property features separate utility meters and a value-add studio conversion opportunity. While local school ratings are modest, the 7.10% cap rate provides robust cash flow. This asset is ideal for Buy-and-Hold Investors or Portfolio Builders seeking immediate income.
Estimated Market Value
$819,388+$69,488 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Vallejo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 827 Pennsylvania Street Subject 0 bd · 0 ba · 3,846 sqft · $213 | $749,900* List Price | 0 | 0 | 3,846 | $213 | - |
A 900 Santa Clara Street Sold 0 bd · 0 ba · 3,248 sqft · $218 · 0.9 mi | $707,000 | 0 | 0 | 3,248 | $218 | 0.9 mi |
B 542 Grant St Sold 6 bd · 0 ba · 2,459 sqft · $226 · 0.7 mi | $555,000 | 6 | 0 | 2,459 | $226 | 0.7 mi |
C 926 Georgia St Active 0 bd · 0 ba · 3,180 sqft · $236 · 0.2 mi | $749,000 List Price | 0 | 0 | 3,180 | $236 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1912, this 112-year-old multi-unit property is functional and income-producing but shows significant dating. While it features separate utility meters, the lack of mentioned recent renovations to kitchens, bathrooms, or major HVAC/electrical systems suggests the property requires modernization and minor repairs to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Strong Investment Returns
The property offers a highly competitive 7.10% cap rate and a gross scheduled income of $6,388 per month, providing immediate and robust cash flow for investors.
- Value-Add Potential
The sixth unit, currently utilized as storage, presents a significant opportunity to increase the property's value and rental yield by converting it back into an active studio apartment.
- Efficient Utility Management
Separate electric and gas meters, along with in-unit laundry features, significantly reduce owner operating expenses and simplify the management of tenant utilities.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1912, this century-old structure may require higher ongoing maintenance costs and potential capital expenditures for system upgrades compared to modern buildings.
- Low School Ratings
The property is served by local schools with low performance ratings (ranging from 2 to 4), which may limit the long-term appreciation potential and appeal to a broader tenant demographic.
About 827 Pennsylvania Street
Don't miss this fantastic income-producing property in the heart of West Vallejo! Perfectly positioned for seasoned investors or those looking to start their portfolio, this 1912-built, 6-unit property offers a gross scheduled income of $6,388 per month and a competitive 7.10 cap rate. The property boasts an excellent unit mix featuring: two spacious 2-bedroom/1-bath units and three 1-bedroom/1-bath units, all currently tenant-occupied. The sixth unit is a studio currently utilized as storage, offering a unique value-add opportunity to either retain for owner use or convert back to an active rental to boost your cap rate even further. Tenants enjoy convenient in-unit laundry features and separate electric and gas meters, keeping operating expenses manageable for the owner. Situated on a sizable 6,500 sq. ft. lot, the property also includes a single garage that comes with one unit, off-street, and street parking. Also an alley on back of property as well
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1912
- Lot Size
- 6,499 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Vallejo Unified Schools
Lincoln Elementary School
Grades K-5 • 0.6 mi
2/10
Grace Patterson Elementary School
Grades K-5 • 1.3 mi
4/10
Highland Elementary School
Grades K-5 • 1.4 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.3 |
| Baths | 0.0 | 7.0 |
| Square foot | 3,846 | 2,231 |
| Lot Size | 6,499 | 6,533.667 |
| Price | $749.9K | $621.7K |
| Price per sq ft | $195 | $321 |
| Built year | 1912 | 1940 |
| HOA | $0 | $0 |
| Days on market | 46 | 83 |
Pricing History
Listed for Sale
Sep 8, 2026
$749,900
Initial Listing
Sold
Aug 7, 2002
$318,000
Public Record