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940 York St 3 Unit Apartment Building $998,000 ($332,667/Unit) 7.36% Cap Rate Vallejo, CA 94590



EXECUTIVE SUMMARY
Excellent Investment Opportunity in Vallejo! This 3,473 sq. ft. American Foursquare Post-Victorian triplex delivers a strong 7%+ cap rate with reliable cash-on-cash returns. Fully renovated in 2020, the building was stripped to the studs and updated with a new roof, plumbing, electrical, and heating minimizing maintenance while maximizing rental appeal. Each unit features a modern kitchen, upgraded bathroom, and access to an on-site laundry room, ensuring steady occupancy and tenant satisfaction. The property blends historic character with income stability, offering sweeping valley and mountain views in a quiet, safe neighborhood. With two on-site spaces and abundant street parking, tenants enjoy convenience without the need for a garage. Heating includes both gas and radiant systems for year-round efficiency. Strategically located within the Vallejo City Unified School District and close to shopping, public transportation, and freeway access, the triplex is just one hour from San Francisco by car or ferry highly attractive to renters seeking Bay Area affordability. With modern upgrades already in place, this turnkey property generates immediate income with minimal overhead. Ideal for investors seeking a strong-performing asset with historic charm and proven returns.
PROPERTY FACTS
| Price | $998,000 | Building Class | C |
| Price Per Unit | $332,667 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 3,473 SF |
| Cap Rate | 7.36% | Average Occupancy | 50% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | Parking Ratio | 0.58/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $998,000 |
| Price Per Unit | $332,667 |
| Sale Type | Investment |
| Cap Rate | 7.36% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 3,473 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1915 |
| Parking Ratio | 0.58/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | - | 1,018 |
| 3+2 | 1 | - | 1,018 |
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 0056-212-120 | Improvements Assessment | $344,496 |
| Land Assessment | $82,021 | Total Assessment | $426,517 |
PROPERTY TAXES
Parcel Number
0056-212-120
Land Assessment
$82,021
Improvements Assessment
$344,496
Total Assessment
$426,517
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940 York St
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