Vallejo, CA 94590,804 Springs
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Vallejo, CA 94590,804 Springs
Vallejo, CA 94590,804 Springs
Vallejo, CA 94590,804 Springs
Vallejo, CA 94590,804 Springs

$930,000

Est. payment /mo

$995,000

6.5%
Est.Price: ?

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804 Springs Vallejo, CA 94590

6,507 Sqft Lot

SOLD DATE : 10/18/2024

Key Details

Sold Price $930,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41071164

Sold Date 10/18/24

HOA Y/N No

Year Built 1967

Lot Size 6,507 Sqft

Acres 0.1494

Property Description

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.

Location

State CA

County Solano

Interior

Heating Natural Gas

Flooring Carpet, Wood

Fireplace No

Exterior

Garage None

Parking Type None

Total Parking Spaces 6

Building

Sewer Public Sewer

Others

Tax ID 0057122020

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Conventional

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California Regional MLS (CRMLS)
Listed by Jatin Mehta • Pellego
Bought with Jonathan Guevarra • Pellego

Julian Park

Broker, Loan Officer | License ID: 02018567

+1(818) 390-3265

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