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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.

VallejoCalifornia
Address Map
USA
CA
Vallejo
94591
94591

709 Pope Dr

Vallejo, California, 94591, United States

10,498 Sqft
$1,300,000
Listing ID #2007536
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 2007536
Ref ID : 479de932-20c3-4851-a465-c0504c01d303
Price : $1,300,000
Lot Area : 10,498 Sqft
MLS : 41119969
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