1706 Sutter Street
$1,350,000
—
3,154
3,154
$428
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 Type5 or More Units
Property Sub Type5 or More Units
Garage/ParkingAttached Garage
Total # Parking Spaces31
LISTING UPDATED: 10/30/2024 09:50 AM
Property Details for 1706 Sutter Street
Status | Active |
---|---|
MLS # | 41076518 |
Days on Compass | 39 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1917 |
Lot Size | 0.36 AC / 15,514 SF |
County | Solano County |
Building Information for 1706 Sutter Street
Stories-Residences5Year Built1917Building Size-Lot Size0.36 AC / 15,514 SF
Property Information for 1706 Sutter Street
Property History for 1706 Sutter Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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