709 Pope Dr, Vallejo, CA 94591
- $1,250,000
- 8
- BD
- 4,265
- SqFt
Listed by John L. Morra, (510) 200-4449 from CENTURY 21 Masters
(If provided) CoList: from
- List Price
- $1,250,000
- MLS#
- BE41139980
- Status
- ACTIVE
- Sqft. of Residence
- 4,265
- Lot Size
- 10,496
- Listing Area
- Other Area
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 6.9% 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.
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Additional Information
- Acres
- 0.24
- Amenities
- Other
- Cooling System
- Other
- Exterior Features
- Stucco
- Floor Covering
- Other
- Garage Parking
- Covered Parking
- Heating System
- Other
- Laundry Facilities
- Other
- Living Area
- 4,265
- Lot Description
- Other
- Lot Size
- 10,496
- Neighborhood
- Other Area
- Numberof Units
- 4
- Roof
- Other
- Unincorporated Yn
- Yes
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