709 Pope Dr, Vallejo, CA 94591

Beds
8
Sqft
4,265

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Listed byCENTURY 21 Masters
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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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