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Listed by CENTURY 21 Masters
$ 1,250,000
Est. payment | /mo
4,265 SqFt
$ 1,250,000
Est. payment | /mo
4,265 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,265 sqft
Price per Sqft $293
MLS Listing ID 41139980
HOA Y/N No
Year Built 1969
Lot Size 10,496 Sqft
Property Sub-Type Quadruplex
Source BAY EAST
Property Description
Exceptional Investment Opportunity. Offered for the first time in many years, this well-maintained fourplex reflects true pride of ownership and represents a rare addition to the market. The property features strong in-place income with rents near current market levels, allowing for immediate and stable cash flow. Offered at an approximate 6.9% capitalization rate, the asset delivers positive cash flow with 30% down, with increased returns as equity investment increases. This property is ideally suited for an investor completing a 1031 exchange, particularly those transitioning from a smaller multifamily asset into a larger, income-producing property. Each unit is separately metered for gas and electricity, minimizing owner expenses. Vallejo does not have local rent control; therefore, the property is subject to California statewide rent control, allowing for annual rent increases of up to 5% plus CPI, providing a clear path for long-term income growth. A compelling opportunity for investors seeking a stable asset with immediate income and built-in upside.
Location
State CA
County Solano
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace Yes
Building
Lot Description Premium Lot
Water Public
"We would love to put our experience and successful track record to work for you. Top 1% in California" Kevin & Naomi Kieffer Compass Homes@EastBayPro.com or M. 925-300-8000"