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JLee Broker

[email protected] +1(650) 857-1000

Listed by Willem Bos, DRE #02013980 • COMPASS

$1,295,000

Est. payment - /mo

2 Beds

1 Bath

5,432 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Pending

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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Nearby School & Business

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1509 Valle Vista Ave Vallejo, CA 94589

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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