804 Springs Road

Vallejo, CA 94590

$930,000
Last Sold Price
12
Beds
4
Baths
3,472 Sq. Ft.
$268 / Sq. Ft.
3,472
Sq. Ft.
$268
per Sq. Ft.

Description

To access marketing package copy/paste: https://bit.ly/kitehillre. Discover a prime investment opportunity in Old City Vallejo with this exceptional apartment building, offering four spacious 3-bedroom, 1-bath units. With a total of 3,472 square feet of living space on a generous 6,509 square foot lot, this property generates a strong rental income of $8,084 monthly and $97,008 annually, ensuring a steady and reliable cash flow. The impressive financial metrics, including a Gross Rent Multiplier...To access marketing package copy/paste: https://bit.ly/kitehillre. Discover a prime investment opportunity in Old City Vallejo with this exceptional apartment building, offering four spacious 3-bedroom, 1-bath units. With a total of 3,472 square feet of living space on a generous 6,509 square foot lot, this property generates a strong rental income of $8,084 monthly and $97,008 annually, ensuring a steady and reliable cash flow. The impressive financial metrics, including a Gross Rent Multiplier (GRM) of 10.26 and a cap rate of 6.03%, highlight its potential for a solid return on investment. Located in the historic and vibrant Old City Vallejo, this property benefits from proximity to essential amenities and transportation. Tenants enjoy easy access to public transit, major highways, and ferry services to San Francisco, making it an attractive option for a diverse tenant base. The neighborhood's ongoing revitalization efforts, including downtown and waterfront projects, further enhance the property’s value and appeal. Investing in this apartment building not only secures a stable income but also positions investors to capitalize on the area's growth and development, minimizing vacancy risks and ensuring consistent rental demand.
  1. Listed by Jatin Mehta • DRE #02045713 • Pellego
  2. Listed by Jonathan Guevarra • DRE #02198522 • Pellego

Property Details for 804 Springs Road

City
VALLEJO
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Garage/Parking
No Parking
Park Spaces Total
6
LISTING UPDATED: 10/21/2024 11:18 AM

Property Details for 804 Springs Road

StatusSold
MLS #41071164
Days on Compass21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1967
Lot Size0.15 AC / 6,509 SF
CountySolano County

Building Information for 804 Springs Road

Stories-Residences4Year Built1967Building Size-Lot Size0.15 AC / 6,509 SF

Property Information for 804 Springs Road

Features
Feature Details
  • Flooring: Carpet, Wood
  • Laundry: Inside Unit
Utility Details
  • Cooling: No Air Conditioning
  • Heating: Gas
  • Water/Sewer: Sewer System - Public
Lot / Property Details
Property Details
  • Additional Equipment: Carbon Mon Detector, Smoke Detector, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Wood
  • Lot Description: Regular, Paved
  • Lot Sq Ft Apx: 6509
  • Lot Size Square Feet: 6509.0
  • Roof: Flat
  • Sq Ft Apx: 3472
  • Yard Description: No Yard
  • Year Built: 1967
  • Acres: 0.15
Location Details
  • Directions to Property: Google Maps
  • FIPS Code: 06095
  • Parcel Number: 0057-122-020
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 4
  • Basement: None
  • Parking Description: None
  • Separate Meters: Electric, Gas, Water
  • Existing Lease Terms: Month to Month, Year Lease
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Owner
Unit 1 Details
  • Unit #/Address - 1: 804
  • Occupied By 1: Tenant
  • Dining Room 1: No
  • Air Cond 1: No
  • Fireplace 1: No
  • Refrigerator 1: Yes
  • Range/Oven 1: Yes
  • Bedrooms 1: 3
  • Bathrooms 1: 1
  • Parking Spaces 1: 1
  • Apx Sq Ft 1: 828
  • Rent 1: 2039
Unit 2 Details
  • Unit #/Address - 2: 806
  • Occupied By 2: Vacant
  • Dining Room 2: No
  • Air Cond 2: No
  • Fireplace 2: No
  • Refrigerator 2: Yes
  • Range/Oven 2: Yes
  • Bedrooms 2: 3
  • Bathrooms 2: 1
  • Parking Spaces 2: 1
  • Apx Sq Ft 2: 828
  • Rent 2: 2100
Unit 3 Details
  • Unit #/Address - 3: 808
  • Occupied By 3: Tenant
  • Dining Room 3: No
  • Air Cond 3: No
  • Fireplace 3: No
  • Refrigerator 3: Yes
  • Range/Oven 3: Yes
  • Bedrooms 3: 3
  • Bathrooms 3: 1
  • Parking Spaces 3: 1
  • Apx Sq Ft 3: 828
  • Rent 3: 1950
Unit 4 Details
  • Unit #/Address - 4: 810
  • Occupied By 4: Tenant
  • Dining Room 4: No
  • Air Cond 4: No
  • Fireplace 4: No
  • Refrigerator 4: Yes
  • Range/Oven 4: Yes
  • Bedrooms 4: 3
  • Bathrooms 4: 1
  • Parking Spaces 4: 1
  • Apx Sq Ft 4: 828
  • Rent 4: 1995
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: Cable TV, Wired For, Extra Storage
Additional Information
Additional Information
  • Fireplace: No

Property History for 804 Springs Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 804 Springs Road

Taxable ValueLand$42,250Additions$452,725Total$494,975
Tax Record2023$9,170 ($764 / month)
Home Facts
Total Finished SqFt3,472 SqFtAbove Grade Finished SqFt3,472 SqFtLot Size6,509 SqFtStyleMulti-Family Dwelling (2-4)Year Built1967CountySOLANOAPN0057-122-020

Schools near 804 Springs Road

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

Franklin Middle School
Public6 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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Similar Sold Homes

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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 Pellego, Jatin Mehta, DRE #02045713; Pellego, Jonathan Guevarra, DRE #02198522

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.