About this home

4-unit apartment complex spread across two buildings with great current cash flow and excellent upside. The current cap rate is 8.0% and the current GRM is 9.45. The front building offers an extra large 2bd/1bth house and 1bd/1bth unit and the back building offers two large 2bd/1bth units and a huge basement. The property was originally built in 1900, offers approximately 3,248 square feet of rental space, and sits on a 6,500 square foot lot with four off-street parking spaces. The front 2bd/1bth unit and the back upper-level 2bd/1bth unit will be delivered vacant at closing making for a perfect set-up for an owner-occupant or investor seeking maximum market rents. All units have been remodeled over time and feature updated kitchens and bathrooms, hardwood floors, newer carpet, new paint, custom tile and lighting, and mature landscaping. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. This well-located property is situated in one of Vallejo's most desirable rental neighborhoods, on a charming tree-lined street surrounded primarily by single-family homes. Tenants enjoy convenient access to downtown Vallejo, an abundance of restaurants, parks, and shopping options. The Vallejo Marina and Mare Island are nearby making this a high demand location for tenants.

Facts and features

Schools

• Vallejo High School

  high · 9-12 · 0.8 mi

  3

• Mare Island Health And Fitness Academy

  elementary · K-8 · 1.2 mi

  2

• St Vincent Ferrer School

  elementary · K-8 · 0.2 mi

• Lincoln Elementary School

  elementary · K-5 · 0.2 mi

• Jesus Is Alive Christian Academy

  elementary · 3-12 · 0.3 mi

• Jesus Our Restorer Christian School

  elementary · 5-7 · 0.4 mi

Price history

• Jun 28, 2026 · Listed$895,000
• Oct 19, 2023 · Listing Removed$649,000
• May 17, 2019 · Sold$780,000
• May 13, 2005 · Sold$770,000
• Feb 27, 2004 · Sold$425,000

Tax history

• 2026$15,129 tax · $887,500 assessed
• 2025$14,655 tax · $870,099 assessed
• 2023$13,080 tax · $836,314 assessed
• 2022$12,739 tax · $819,917 assessed
• 2021$12,402 tax · $803,841 assessed
• 2020$12,418 tax · $795,600 assessed
• 2019$5,094 tax · $198,698 assessed
• 2018$4,680 tax · $194,803 assessed

Home value

$979,944

• Quantarium$979,944
• Collateral Analytics$886,000

Where it is