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Listed by John L. Morra • CENTURY 21 Masters
$ 1,300,000
Est. payment /mo
New
709 Pope Dr Vallejo, CA 94591
8 Beds
5 Baths
4,265 SqFt
UPDATED:
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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