
Vallejo, CA 94590
This five-unit multifamily property presents a High-Potential Investment Opportunity, listed at a List Price of $1,000,000—positioned well above the $902,212 Fair Market Value by 10%. While the property requires interior modernization to improve its Condition Rating of 4, the Versatile Unit Mix and Prime Parkside Location across from Washington Park ensure strong rental demand. With recent capital improvements like updated electrical subpanels, this asset is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term upside in the Vallejo market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 845 Louisiana Street Subject | $1,000,000* List Price | 0 | 0 | 4,442 | $203 | - |
A 316 Napa Street Pending | $795,000 List Price | 6 | 0 | 4,820 | $165 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property has received some updates like newer exterior paint, LVP flooring, and electrical subpanels, the core interior elements remain dated. The bathroom and interior doors show significant wear and age (>20 years), requiring modernization and minor repairs to meet current market standards.
Situated on a prominent corner lot directly across from Washington Park, the property offers excellent visibility and a highly desirable residential setting that enhances tenant retention.
The combination of a spacious 3-bedroom owner's unit and four 1-bedroom units provides a balanced income stream and appeals to a diverse range of tenant profiles.
With updated electrical subpanels and newer exterior paint, the property reduces immediate deferred maintenance costs while presenting strong curb appeal for investors.
The assigned local schools, including Lincoln Elementary and Vallejo High, have low ratings (2/10), which may deter families and impact long-term appreciation potential.
Housing five units and two garages on a modest 3,250 sqft lot results in limited private outdoor space for tenants and high density for the parcel size.
Positioned on a prominent corner lot directly across from Washington Park, this well-maintained five-unit apartment building presents an outstanding investment opportunity in the Vallejo rental market. With frontage on both Louisiana Street and Napa Street, the property benefits from excellent visibility, strong curb appeal, and a desirable residential setting. The unit mix consists of one spacious 3-bedroom, 2-bath unit and four 1-bedroom, 1-bath units, offering a balanced income stream with broad tenant appeal. Additional amenities include two one-car garages, providing added value and potential for supplemental rental income. Ownership has completed several capital improvements, including updated electrical subpanels and newer exterior paint, helping reduce near-term maintenance costs while enhancing the property's overall condition. Conveniently located across from Washington Park and within close proximity to shopping, schools, transportation, and major commuter routes, this asset offers investors the opportunity to acquire a solid multifamily property with an attractive unit mix, quality improvements, and long-term upside in one of Vallejo's established neighborhoods.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.0 mi
Grades K-5 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,442 | - |
| Lot Size | 3,250 | - |
| Price | $1.00M | $559.7K |
| Price per sq ft | $225 | $334 |
| Built year | 1915 | 0 |
| HOA | $0 | $0 |
| Days on market | 14 | 149 |
Jul 8, 2026
$1,000,000
Initial Listing
Apr 18, 2022
$900,000
Public Record
Dec 22, 2016
$545,000
Public Record
Sep 1, 1998
$160,000
Public Record