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Listed by Willem Bos • COMPASS
$ 1,295,000
Est. payment /mo
Active
1509 Valle Vista Ave Vallejo, CA 94589
2 Beds
1 Bath
5,432 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,432 sqft
Price per Sqft $238
MLS Listing ID MR41092889
Bedrooms 2
Year Built 1968
Lot Size 0.300 Acres
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
Prime Value-Add Multi-Family Opportunity - 1509 Valle Vista Ave, Vallejo Located in a desirable Vallejo neighborhood, 1509 Valle Vista Ave is a well-maintained six-unit multi-family property offering significant upside potential. With current rents approximately 20% below market, this asset presents a compelling value-add opportunity for investors looking to increase cash flow and long-term appreciation. Built in 1968, the property consists of six spacious townhouse-style 2BD/1.5BA units, each 905 SF in size, providing a comfortable and desirable living space for tenants. Situated on a 13,068 SF lot, the property boasts a 1:1 off-street parking ratio and private back patios for each unit. Investment highlights include a 8.00% market cap rate and 8.6 market GRM, along with the benefit of no city rent control, allowing for strategic rent increases over time. Conveniently located near restaurants, shopping, I-80, and Six Flags Discovery Kingdom, this property offers both strong tenant demand and future appreciation potential. Don't miss this exceptional investment opportunity in one of Vallejo's growing rental markets.
Location
State CA
County Solano
Area Other Area
Interior
Heating Electric
Cooling None, Ceiling Fan
Flooring Laminate, Tile, Carpet - Wall to Wall, Wood
Exterior
Exterior Feature Stucco, Siding - Wood
Parking Features Access - Side Yard
Garage Spaces 6.0
Roof Type Composition
Building
Lot Description Regular
Others
Special Listing Condition Not Applicable
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