926 Georgia St, Vallejo, CA 94590, Vallejo, 94590 - 0 bed, 0 bath
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Vallejo, CA 94590
This Turnkey Triplex Asset is a High-Potential Investment Opportunity, listed at $749,000—positioned well below the $908,206 Fair Market Value by 17%. This valuation gap provides $159,206 in Instant Equity. Featuring a 5.95% CAP rate and modernized interiors with stainless steel appliances and hardwood floors, the property maintains a Condition Rating of 3. Located in the Historic District near the waterfront, it offers strong rental upside with one unit delivered vacant. This is an exceptional acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 926 Georgia St Subject | $749,000* List Price | 0 | 0 | 3,181 | $286 | - |
A 915 Napa Street Sold | $599,000 | 4 | 0 | 2,052 | $292 | 0.3 mi |
B 933 Kentucky St Sold | $790,000 | 0 | 0 | 4,114 | $192 | 0.3 mi |
C 241 Kentucky St Pending | $725,000 List Price | 0 | 0 | 3,192 | $227 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1925, this triplex is in move-in ready condition with significant updates throughout. The units feature well-maintained hardwood flooring, updated kitchen cabinetry, and a mix of stainless steel and modern white appliances. The property appears well-cared for with addressed maintenance issues, updated lighting, and clean, functional living spaces that do not require immediate renovation.
The property boasts a solid 5.95% cap rate and an 11.82 GRM with one unit delivered vacant, providing immediate rental upside or an ideal opportunity for an owner-occupant.
Units feature high-end updates including stainless steel appliances, wood floors, and in-unit laundry, coupled with the benefit of being separately metered for gas and electric to keep operating expenses low.
Located in a high-demand rental area, the property is within walking distance to Historic District amenities and the Mare Island waterfront, ensuring low vacancy rates and easy management.
The local public schools carry low ratings, ranging from 2 to 4, which may deter families and potentially limit long-term residential appreciation compared to higher-rated districts.
Built in 1925, the property may present inherent challenges associated with vintage infrastructure that require ongoing maintenance vigilance despite recent cosmetic and system updates.
HUGE 3-unit apartment complex consisting of one large 2bd/1bth top unit and two 1bd/1bth bath lower units with strong current cash flow and excellent rental upside. Current cap rate is 5.95% and the current GRM is 11.82 and the price/square foot is only $235! One unit will be delivered vacant at closing unit making for a perfect set-up for owner occupants. The property was originally built in 1925, offers approximately 3,180 square feet of living space, and sits on a 6,240 square foot lot with a large landscaped backyard and parking for three cars. The units have been updated and offer newer cabinets and countertops, wood floors, stainless steel appliances, custom lighting and molding, in-unit laundry, and more. All known maintenance issues have been addressed, and the property is separately metered for electric and gas, providing low annual operating expenses. Property management is easy and the building rents fast when there’s a vacancy. This is a high demand rental location that's walking distance to many restaurants, coffee shops, and grocery stores in the Historic District and only a short distance to the Mare Island waterfront and Vallejo marina.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 4.0 | 30% |
| Baths | 0.0 | 1.0 | 40% |
| Square foot | 3,181 | 1,601.5 | 70% |
| Lot Size | 6,240 | 4,904.5 | 60% |
| Price | $749.0K | $592.0K | 70% |
| Price per sq ft | $235 | $299 | 30% |
| Built year | 1925 | 1906 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 199 | 10% |
Apr 5, 2026
$749,000
Initial Listing
Apr 12, 2022
$650,000
Public Record
May 31, 2016
$435,000
Public Record
Jul 2, 1999
$165,000
Public Record
Oct 23, 1996
$42,500
Public Record
May 26, 1994
$406,500
Public Record