709 Pope Dr, Vallejo, CA
Multi-family for Sale - $1,250,000 - 4,265 Sq. Ft. on 10496 acres
Agent Info
| John Morra CENTURY 21 Masters |
Property Info
| CIMLS# | 1193320 |
| Location 709 Pope Dr Vallejo CA 94591 | |
| Updated | June 29th, 2026 |
| Type | Multi-family |
| Price | $1,250,000 |
| Building | 4,265 Sq. Ft. |
| Land | 10496 acres |
Property Description
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.
Financials
Disclosure Packet Here: https://app.disclosures.io/link/709-Pope-Drive-38ngsuoj ( copy & paste)

