Homes for sale - 709 Pope Dr, Vallejo, CA 94591

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JLee Broker

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

Listed by John L. Morra • CENTURY 21 Masters

$1,300,000

Est. payment - /mo

8 Beds

5 Baths

4,265 SqFt

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Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,265 sqft

Price per Sqft $304

MLS Listing ID BE41119969

Bedrooms 8

Year Built 1969

Lot Size 10,496 Sqft

Property Sub-Type Fourplex

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 6.3% 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

Area Other Area

Interior

Heating Other

Cooling Other

Flooring Other

Laundry Other

Exterior

Exterior Feature Stucco

Parking Features Covered Parking

Garage Spaces 4.0

Roof Type Other

Building

Lot Description Other

Sewer Sewer - Public

Water Public

Others

Tax ID 007-227-2110

Special Listing Condition New

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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709 Pope Dr Vallejo, CA 94591

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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