Vallejo, CA 94591,709 Pope Dr
Vallejo, CA 94591,709 Pope Dr
Vallejo, CA 94591,709 Pope Dr
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Terrance Scotton

Terrance Scotton

+1(626) 788-9299
$1,300,000
Est. payment /mo
10,497 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41119969

HOA Y/N No

Year Built 1969

Lot Size 10,497 Sqft

Property Sub-Type Quadruplex

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.

Location

State CA

County Solano

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Exterior

Parking Features Covered

Total Parking Spaces 4

Building

Lot Description Front Yard

Sewer Public Sewer

Others

Tax ID 0072272110

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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CRMLS – RECore
Listed by John L. Morra CENTURY 21 Masters

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Terrance Scotton

Terrance Scotton

+1(626) 788-9299

Real Estate Broker and Mortgage Broker | License ID: 01707848 NMLS: 908256

Real Estate Broker and Mortgage Broker License ID: 01707848 NMLS: 908256

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