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709 Pope Dr
Vallejo, CA 94591
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Very well maintained propertty. Owner is a retired contractor.
- One 2 bedroom vacancy- perfect for owner occupier
Executive Summary
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.
Disclosure file here: https://app.disclosures.io/link/709-Pope-Drive-38ngsuoj ( copy & paste)
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.
Disclosure file here: https://app.disclosures.io/link/709-Pope-Drive-38ngsuoj ( copy & paste)
Property Facts
| Price Per Unit | $312,500 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.91% | Lot Size | 0.24 AC |
| Gross Rent Multiplier | 6.9 | Building Size | 4,265 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1969 |
| Zoning | RM - Residential Medium Density | ||
| Price Per Unit | $312,500 |
| Sale Type | Investment |
| Cap Rate | 6.91% |
| Gross Rent Multiplier | 6.9 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 4,265 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1969 |
| Zoning | RM - Residential Medium Density |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 8+5 | 4 | - | - |
Property Taxes
| Parcel Number | 0072-272-110 | Improvements Assessment | $766,650 |
| Land Assessment | $348,474 | Total Assessment | $1,115,124 |
Property Taxes
Parcel Number
0072-272-110
Land Assessment
$348,474
Improvements Assessment
$766,650
Total Assessment
$1,115,124
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