931 Carolina Street, Vallejo, CA 94590, Vallejo, 94590 - 1 bed, 1 bath
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Vallejo, CA 94590
This Major Fixer/Value-Add Asset presents a strategic redevelopment opportunity with a List Price of $275,000. While positioned above the $197,921 Fair Market Value, the pricing reflects the significant land value of the 6,500 sqft lot and its unique dual street/alley access. Currently holding a Condition Rating of 6, the 1922 structure requires comprehensive remediation of significant safety hazards and infrastructure. With clear ADU potential and proximity to Lincoln Elementary, this high-upside project is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 931 Carolina Street Subject | $275,000* List Price | 1 | 1 | 874 | $226 | - |
A 318 Ohio Street Sold | $316,000 | 2 | 1 | 918 | $344 | 0.7 mi |
B 123 Campbell Avenue Sold | $312,000 | 2 | 1 | 934 | $334 | 0.8 mi |
C 700 Springs Road Sold | $277,000 | 2 | 1 | 789 | $351 | 0.8 mi |
D 1210 Capitol Street Active | $295,000 List Price | 3 | 1 | 1,150 | $257 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1922 (100+ years old) with no evidence of renovation. The listing explicitly cites safety hazards, structural instability of decks/stairs, and no central HVAC. The image shows severe roof rot and exterior decay, aligning with the 'unlivable' criteria and focus on land value/redevelopment.
The generous 6,500 sqft lot features dual access from both the street and a rear alley, offering significant opportunities for ADU construction or multi-structure redevelopment.
Positioned as a value-add 'major fixer' at a competitive price point, this property provides substantial equity growth potential for contractors or investors looking to reposition the asset.
Built in 1922, the primary residence retains classic early-1900s architectural character, providing a unique foundation for a high-end vintage restoration.
The property was recently sold within the past year on 2026-01-16. The sold price is $502,000.00.
The property contains structural safety issues, including hazardous decks and uneven surfaces, which limit financing options and require immediate, costly remediation.
Sold strictly 'as-is' without a central HVAC system, the home requires a complete overhaul of essential systems and structural components to meet modern living standards.
931 Carolina St presents a rare value-add opportunity in Vallejo, situated on an approximately 6,500 sqft lot with property setback providing space for potential building opportunities. Dual access from the street and a rear alley. The property includes a primary residence with classic early-1900s character, offering flexibility for rental income, extended living, or future redevelopment. This is a major fixer with significant upside. The property is being sold strictly as-is, with no repairs to be made by the seller. No central HVAC. Ideal for investors, contractors, or buyers looking to reposition a multi-structure asset. Potential strategies include renovation and resale, long-term rental hold, or multi-generational use. 931 Carolina is being offered individually. An adjacent property is also available separately or together. Due to the condition of the property, there are safety hazards present. Do not use the decks or stairs leading to the deck. Uneven walking surfaces exist throughout the property, use caution when touring.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 2% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 874 | 1,076 | 22% |
| Lot Size | 6,499 | 5,881 | 67% |
| Price | $275.0K | $415.0K | 18% |
| Price per sq ft | $315 | $356 | 27% |
| Built year | 1922 | 1937 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 224 | 2% |
Apr 28, 2026
$275,000
Initial Listing
Jan 16, 2026
$502,000
Public Record