CA > Vallejo
Vallejo, CA 94589,1509 Valle Vista Ave
Vallejo, CA 94589,1509 Valle Vista Ave
Vallejo, CA 94589,1509 Valle Vista Ave
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$1,295,000
Est. payment /mo
0.3 Acres Lot
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 41092889

HOA Y/N No

Year Built 1968

Lot Size 0.300 Acres

Property Description

***Back on market at no fault of Sellers*** Prime Value-Add Multi-Family Opportunity – 1509 Valle Vista Ave, Vallejo Located in a desirable Vallejo neighborhood, 1509 Valle Vista Ave is a well-maintained six-unit multi-family property offering significant upside potential. With current rents approximately 20% below market, this asset presents a compelling value-add opportunity for investors looking to increase cash flow and long-term appreciation. Built in 1968, the property consists of six spacious townhouse-style 2BD/1.5BA units, each 905 SF in size, providing a comfortable and desirable living space for tenants. Situated on a 13,068 SF lot, the property boasts a 1:1 off-street parking ratio and private back patios for each unit. Investment highlights include a 8.00% market cap rate and 8.6 market GRM, along with the benefit of no city rent control, allowing for strategic rent increases over time. Conveniently located near restaurants, shopping, I-80, and Six Flags Discovery Kingdom, this property offers both strong tenant demand and future appreciation potential. Don't miss this exceptional investment opportunity in one of Vallejo's growing rental markets.

Location

State CA

County Solano

Interior

Heating Electric

Cooling None

Fireplace No

Exterior

Roof Type Shingle

Total Parking Spaces 6

Others

Tax ID 0052282050

Virtual Tour https://bosgroupcre.com/1509-valle-vista-ave/

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CRMLS – RECore
Listed by Willem Bos COMPASS
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"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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