1706 Sutter Street

Vallejo, CA 94590

$1,350,000
Price
Beds
3,154 Sq. Ft.
$428 / Sq. Ft.
3,154
Sq. Ft.
$428
per Sq. Ft.

Description

1706-1708 Sutter Street & 604 Tennessee St. in Vallejo, CA. is a 5 unit property in an opportunity zone consisting of four one bed, one bath units, one "non-conforming" studio, and a commercial parking lot in downtown Vallejo. The commercial parking lot has historically been leased for $3K/month, granting an opportunity for passive income. The sizable 790sqft units are individually metered for PG&E which all tenants pay. 3/5 units pay all utilities, keeping expenses low for owners. One unit is vacant...1706-1708 Sutter Street & 604 Tennessee St. in Vallejo, CA. is a 5 unit property in an opportunity zone consisting of four one bed, one bath units, one "non-conforming" studio, and a commercial parking lot in downtown Vallejo. The commercial parking lot has historically been leased for $3K/month, granting an opportunity for passive income. The sizable 790sqft units are individually metered for PG&E which all tenants pay. 3/5 units pay all utilities, keeping expenses low for owners. One unit is vacant making this a perfect opportunity for new or experienced investors to charge market rate rent or for owner/users to fill the space. Recent renovations include new staircases, one new water heater, and significant upgrades to the studio unit. It also provides a space for owners and tenants to park and store vehicles behind a security gate. 1706-1708 Sutter St. lies in an opportunity zone, given owners possible tax relief. It boasts a high 7.29% cap rate with room for upside in the rents.

Property Details for 1706 Sutter Street

City
VALLEJO
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Attached Garage
Total # Parking Spaces
31
LISTING UPDATED: 10/30/2024 09:50 AM

Property Details for 1706 Sutter Street

StatusActive
MLS #41076518
Days on Compass39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1917
Lot Size0.36 AC / 15,514 SF
CountySolano County

Building Information for 1706 Sutter Street

Stories-Residences5Year Built1917Building Size-Lot Size0.36 AC / 15,514 SF

Property Information for 1706 Sutter Street

Features
Feature Details
  • Flooring: Concrete Slab, Hardwood Floors, Laminate, Vinyl
Utility Details
  • Cooling: Ceiling Fan(s)
  • Heating: MultiUnits
  • Water/Sewer: Sewer System - Public, Water - Public, Meter on Site, Sewer in Street
Lot / Property Details
Property Details
  • Additional Equipment: Water Heater Gas, Security Gate, Smoke Detector, All Public Utilities, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Corner, Security Gate
  • Lot Sq Ft Apx: 15514
  • Lot Size Square Feet: 15514.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 3154
  • Year Built: 1917
Location Details
  • Directions to Property: Suuter St. & Tennessee St.
  • FIPS Code: 06095
  • Census Tract: 2504
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 5
  • Basement: None
  • Tenant Pays: Electric, Gas, Trash, Water
  • Financial Data Source: Owner
Multi Family 5+ Information
Unit 1
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 # of Bedrooms: 1
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Approx SqFt: 790
  • Unit # 1 Rent: 1850
Unit 2
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 # of Bedrooms: 1
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Approx SqFt: 790
  • Unit # 2 Rent: 1567
Unit 3
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 # of Bedrooms: 1
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Approx SqFt: 790
  • Unit # 3 Rent: 1425
Unit 4
  • Unit # 4 Occupied By: Vacant
  • Unit # 4 # of Bedrooms: 0
  • Unit # 4 # of Bathrooms: 1
  • Unit # 4 Approx SqFt: 790
  • Unit # 4 Rent: 1200
Unit 5
  • Unit # 5 Occupied By: Tenant
  • Unit # 5 # of Bedrooms: 1
  • Unit # 5 # of Bathrooms: 1
  • Unit # 5 Approx SqFt: 790
  • Unit # 5 Rent: 1750
Building Details
  • Additional Features-Misc: Extra Storage
  • Apx Lot Acres: 0
  • On Site Parking Description: Attached Garage, Unassigned
Income / Expense Details
  • Gross Rent Multiplier: 10.42
Other Financial Information
  • Cap Rate: 7.29
  • Existing Loan: See Remarks
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1706 Sutter Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1706 Sutter Street

Taxable ValueLand$58,850Additions$259,703Total$318,553
Tax Record2023$4,745 ($395 / month)
Home Facts
Total Finished SqFt1,980 SqFtAbove Grade Finished SqFt1,980 SqFtStories3Lot Size3,646 SqFtStyleOffice BuildingYear Built1917CountySOLANOAPN0056-052-240

Schools near 1706 Sutter Street

This home is within Vallejo City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Highland Elementary School
PublicK to 6

Mare Island Technology Academy
Charter6 to 8

Vallejo High School
Public9 to 12

Mit Academy
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1706 Sutter Street is a multi-family home for sale in Vallejo, CA 94590. This property was listed for sale on October 16, 2024 by NAI Northern California, it's currently listed at $1,350,000. It has been on the market for a total of 39 days and was last sold on November 8, 2021. This listing's school district is Vallejo City Unified School District. Nearby schools include Highland Elementary School, Mare Island Technology Academy and Vallejo High School. 1706 Sutter Street is a 0-bed, 0-bath, 3,154 sqft multi-family home built in 1917.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NAI Northern California, Ethan Berger, DRE #01868467

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.