Property Details
About this Property
To access marketing package copy/paste: https://bit.ly/kitehillre. Discover a prime investment opportunity in Old City Vallejo with this exceptional apartment building, offering four spacious 3-bedroom, 1-bath units. With a total of 3,472 square feet of living space on a generous 6,509 square foot lot, this property generates a strong rental income of $8,084 monthly and $97,008 annually, ensuring a steady and reliable cash flow. The impressive financial metrics, including a Gross Rent Multiplier (GRM) of 10.26 and a cap rate of 6.03%, highlight its potential for a solid return on investment. Located in the historic and vibrant Old City Vallejo, this property benefits from proximity to essential amenities and transportation. Tenants enjoy easy access to public transit, major highways, and ferry services to San Francisco, making it an attractive option for a diverse tenant base. The neighborhood's ongoing revitalization efforts, including downtown and waterfront projects, further enhance the property’s value and appeal. Investing in this apartment building not only secures a stable income but also positions investors to capitalize on the area's growth and development, minimizing vacancy risks and ensuring consistent rental demand.
MLS Listing Information
MLS #
EB41071164
MLS Source
Bridge MLS
Interior Features
Flooring
Carpet - Wall to Wall, Wood
Cooling
Air Conditioning - None
Heating
Gas
Parking, School, and Other Information
Garage/Parking
No Parking, Garage: Car(s)
Sewer
Public Sewer
Contact Information
Listing Agent
Jatin Mehta
Pellego
License #: 02045713
Phone: (949) 929-9562
Co-Listing Agent
Jonathan Guevarra
Pellego
License #: 02198522
Phone: (415) 529-8581
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 828 | 3 | 0/0 | $2,039 |
| 2 | 828 | 3 | 0/0 | $2,100 |
| 3 | 828 | 3 | 0/0 | $1,950 |
| 4 | 828 | 3 | 0/0 | $1,995 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
804 Springs is a Residential Income in Vallejo, CA 94590. This 3,472 square foot property sits on a 6,509 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $930,000 and was built in 1967. This address can also be written as 804 Springs, Vallejo, CA 94590.
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This listing information is up-to-date as of October 21, 2024. For the most current information, please contact Jatin Mehta, (949) 929-9562
