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
UpdatedJune 29th, 2026
TypeMulti-family
Price$1,250,000
Building4,265 Sq. Ft.
Land10496 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)



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