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Extra Large Vallejo Triplex 926 Georgia St 3 Unit Apartment Building $749,000 ($249,667/Unit) 5.95% Cap Rate Vallejo, CA 94590
Investment Highlights
- 3-Unit Apartment Complex Consisting Of One 1250 Square Foot 2bd/1bth Top Unit And Two 965 Square Foot Lower 1bd/1bth Units
- Strong Cash Flow with Excellent Rental Upside
- Attractive Vallejo Location Near Historic District, Many Restaurants, Coffee Shops, And Mare Island
- Vacant 1bd/1bth Unit - Perfect for Owner Occupants
- Well Managed Property With No Deferred Maintenance, Stable Tenants, And Low Annual Operating Expenses
- Spacious Backyard With Separate Garage Parking
Executive Summary
3-unit apartment complex consisting of one large 2bd/1bth top unit and two 1bd/1bth bath lower units with strong current cash flow. Currently, there is one vacant unit making for a perfect set-up for owner occupants. The property was originally built in 1925, offers approximately 3,180 square feet of living space, and sits on a 6,240 square foot lot with a landscaped backyard and parking for three cars. The units have been updated and offer newer cabinets and countertops, wood floors, stainless steel appliances, custom lighting and molding, in-unit laundry, and more. All known maintenance issues have been addressed, and the property is separately metered for PG&E providing low annual operating expenses. Property management is relatively easy and the building rents fast when there’s a vacancy. This is a high demand Vallejo location near various restaurants, coffee shops, and grocery stores in the Historic District. Nearby attractions include Cal Maritime Academy, Grocery Outlet, and the Mare Island waterfront.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING.
***EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE OR PRIVATE SHOWING.
Property Facts
| Price | $749,000 | Building Class | C |
| Price Per Unit | $249,667 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,830 SF |
| Cap Rate | 5.95% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.82 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1919 |
| Property Type | Multifamily | Parking Ratio | 0.94/1,000 SF |
| Property Subtype | Apartment |
| Price | $749,000 |
| Price Per Unit | $249,667 |
| Sale Type | Investment |
| Cap Rate | 5.95% |
| Gross Rent Multiplier | 11.82 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,830 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1919 |
| Parking Ratio | 0.94/1,000 SF |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0056-211-130 | Improvements Assessment | $546,210 |
| Land Assessment | $234,090 | Total Assessment | $780,300 |
Property Taxes
Parcel Number
0056-211-130
Land Assessment
$234,090
Improvements Assessment
$546,210
Total Assessment
$780,300
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Extra Large Vallejo Triplex | 926 Georgia St
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