
Vallejo, CA 94590
This fourplex presents a High-Potential Investment Opportunity with a List Price of $725,000—positioned slightly above the $711,111 Fair Market Value. While the property requires a full interior renovation due to its Condition Rating of 5, the asset offers significant upside through modernization. Located in the historic Vallejo waterfront district, the property features a stable unit mix of four 2-bedroom/1-bathroom units and on-site laundry. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to capitalize on high rental demand near the SF Bay Ferry.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 900 Santa Clara Street Subject | $725,000* List Price | 0 | 0 | 3,248 | $222 | - |
A 409 Carolina Street Active | $815,000 List Price | 0 | 0 | 3,406 | $239 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1972 (52 years old) with no evidence of major renovations. The interiors are highly dated, featuring original-style white cabinetry, laminate countertops, and popcorn ceilings throughout. While currently functional, the property is well past the 30-year threshold for a 'Poor' rating under the provided criteria, requiring a full rehab of kitchens, baths, and likely aging systems to meet modern standards.
Situated in the Historic District near the SF Bay Ferry Terminal and waterfront, this property offers exceptional appeal for commuters and high tenant demand due to its proximity to downtown amenities.
The building features a consistent mix of four 2-bedroom, 1-bathroom units, which are highly versatile and typically experience lower vacancy rates in the Vallejo rental market.
The inclusion of dedicated carport parking and an on-site coin-operated laundry facility provides essential convenience for tenants while offering additional revenue streams for the owner.
The local public schools carry low ratings (ranging from 2 to 4), which may limit the property's attractiveness to long-term family tenants who prioritize educational quality.
Constructed in 1972, the property likely requires ongoing capital expenditure for system updates and modernization to remain competitive with newer residential income assets.
Investment Opportunity! Fourplex consisting of four 2 bedrooms/1 bathroom units with aprox 800 square feet each. Coin operated laundry room on premises. Off street parking with carports. Located on a corner lot in the heart of the Historic District in close proximity to the waterfront. Easy access to the SF Bay Ferry Terminal, year-round Farmer's Market, downtown Vallejo and waterfront festivals.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.5 mi
Grades K-5 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 6.0 |
| Baths | 0.0 | 7.0 |
| Square foot | 3,248 | 2,224.5 |
| Lot Size | 6,499 | 7,187 |
| Price | $725.0K | $602.5K |
| Price per sq ft | $223 | $334 |
| Built year | 1972 | 1924 |
| HOA | $0 | $0 |
| Days on market | 40 | 100 |
Jul 31, 2026
$725,000
Initial Listing
Sep 21, 1999
$150,000
Public Record