709 Pope Dr, Vallejo, CA 94591
- Beds
- 8
- Sqft
- 4,265
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Overview
Exceptional Investment Opportunity. Offered for the first time in many years, this well-maintained fourplex reflects true pride of ownership and represents a rare addition to the market. The property features strong in-place income with rents near current market levels, allowing for immediate and stable cash flow. Offered at an approximate 6.9% capitalization rate, the asset delivers positive cash flow with 30% down, with increased returns as equity investment increases. This property is ideally suited for an investor completing a 1031 exchange, particularly those transitioning from a smaller multifamily asset into a larger, income-producing property. Each unit is separately metered for gas and electricity, minimizing owner expenses. Vallejo does not have local rent control; therefore, the property is subject to California statewide rent control, allowing for annual rent increases of up to 5% plus CPI, providing a clear path for long-term income growth. A compelling opportunity for investors seeking a stable asset with immediate income and built-in upside.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 8
- Square feet
- 4,265
- Lot size (acres)
- 0.24
- Year built
- 1969
Exterior features
- Horse amenities
- Stable
Utilities
- Heating
- Other
- Cooling
- Other
- Sewer
- Public Sewer
- Water
- Public Water
Public schools
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Sourced from: Bay East Association of REALTORS MLS®#: 41139980 Last checked: …
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