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709 Pope Dr , Vallejo, CA 94591
Priced at Only: $1,300,000
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Address: 709 Pope Dr , Vallejo, CA 94591
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  • MLS#: 41119969 ( Quadruplex )
  • Street Address: 709 Pope Dr
  • Viewed: 1
  • Price: $1,300,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1969
  • Bldg sqft: 0
  • Days On Market: 48
  • Additional Information
  • County: SOLANO
  • City: Vallejo
  • Zipcode: 94591
  • Subdivision: Other
  • Provided by: CENTURY 21 Masters
  • Contact: John L. John L.
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Association Fee
  1. 0.00
Construction Materials
  1. Stucco
Cooling
  1. See Remarks
Days On Market
  1. 42
Heating
  1. See Remarks
Insurance Expense
  1. 5500.00
Lot Features
  1. Front Yard
Netoperatingincome
  1. 81825.00
Parcel Number
  1. 0072272110
Parking Features
  1. Covered
Property Type
  1. Quadruplex
Sewer
  1. Public Sewer
Sourcesystemkey
  1. 41119969:BMLS
Subdivision Name Other
  1. Other
Tenant Pays
  1. Gas
Year Built
  1. 1969
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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