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324 Idora Ave - Vacant Duplex - Two Houses on Large Lot 2 Unit Apartment Building Offered at $495,000 at a 7.28% Cap Rate Vallejo, CA 94591
Investment Highlights
- Two Separate Detached Homes on a Large 6,969 Square Foot Lot with a Private Backyard
- Both Homes Vacant - Perfect for Owner-Occupants
- Easy to Manage Property, Separately Metered for Electric and Gas, with Low Annual Operating Expenses
- One 2bd/1bth House and One 1bd/1bth House with Private Backyard
- Upgraded Kitchens, Bathrooms, Custom Fixtures, Wood Floors, Double Pane Windows, and More
- Attractive Vallejo Location Near Many Restaurants, Schools, Parks, with Easy Access to Hwy 80 and HWY 780
Executive Summary
Vacant duplex with excellent cash flow potential! The property features two detached units with one 2bd/1bth house and one 1bd/1bth house. The property was originally built in 1930, offers approximately 1,274 square feet of rental space, and sits on a 6,969 square foot lot with a large back yard and ample parking space. The units have been remodeled over time and offer updated kitchens and bathrooms, wood floors, newer paint, custom lighting and molding, double pane
windows and more. The property has historically been easy to rent and is separately metered for electric and gas providing low annual operating expenses. This is a perfect opportunity for an owner-occupant who can live in one unit and have the other unit pay down their mortgage. This is a high-demand rental location in Vallejo near many restaurants, parks, schools, and shopping options. The block is very nice and surrounding by single-family homes with pride of ownership. This location has easy access to HWY 80 and HWY 780 making this a very convenient location that's easy to rent.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.
windows and more. The property has historically been easy to rent and is separately metered for electric and gas providing low annual operating expenses. This is a perfect opportunity for an owner-occupant who can live in one unit and have the other unit pay down their mortgage. This is a high-demand rental location in Vallejo near many restaurants, parks, schools, and shopping options. The block is very nice and surrounding by single-family homes with pride of ownership. This location has easy access to HWY 80 and HWY 780 making this a very convenient location that's easy to rent.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE AND PRIVATE SHOWING.
Property Facts
| Price | $495,000 | Property Type | Multifamily |
| Price Per Unit | $247,500 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 1,274 SF |
| Cap Rate | 7.28% | No. Stories | 1 |
| Gross Rent Multiplier | 9.59 | Year Built/Renovated | 1930/2022 |
| No. Units | 2 | Parking Ratio | 1.57/1,000 SF |
| Price | $495,000 |
| Price Per Unit | $247,500 |
| Sale Type | Investment |
| Cap Rate | 7.28% |
| Gross Rent Multiplier | 9.59 |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.16 AC |
| Building Size | 1,274 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1930/2022 |
| Parking Ratio | 1.57/1,000 SF |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
- Oven
- Yard
- Dining Room
- Double Pane Windows
- Family Room
- Porch
- Vinyl Flooring
Site Amenities
- Laundry Facilities
- Storage Space
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | 800 |
| 1+1 | 1 | - | 474 |
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Property Taxes
| Parcel Number | 0074-041-110 | Improvements Assessment | $65,142 |
| Land Assessment | $40,711 | Total Assessment | $105,853 |
Property Taxes
Parcel Number
0074-041-110
Land Assessment
$40,711
Improvements Assessment
$65,142
Total Assessment
$105,853
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324 Idora Ave - Vacant Duplex - Two Houses on Large Lot
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