Homes for sale - 709 Pope Dr, Vallejo, CA 94591

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Steven Shearrill

steven.shearrill@gmail.com +1(619) 368-7141

$ 1,300,000

Est. payment | -/mo

10,497 Sqft Lot

Save

$ 1,300,000

Est. payment | -/mo

Save

10,497 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41119969

HOA Y/N No

Year Built 1969

Lot Size 10,497 Sqft

Property Sub-Type Quadruplex

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 6.3% 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

State CA

County Solano

Interior

Heating See Remarks

Cooling See Remarks

Fireplace No

Exterior

Parking Features Covered

Total Parking Spaces 4

Building

Lot Description Front Yard

Sewer Public Sewer

Others

Tax ID 0072272110

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by John L. Morra CENTURY 21 Masters

Schools and Properties Nearby

SCHOOLSPROPERTIES

Elementary Schools 20

7

Joe Henderson Elementary School

Public | KG - 5
6

Mary Farmar Elementary School

Public | KG - 5
5

Grace Patterson Elementary School

Public | KG - 5
5

Vallejo Charter

Public | KG - 8
5

Pennycook Elementary School

Public | KG - 5
5

Cave Language Academy

Public | KG - 8
5

Joseph Wardlaw Elementary School

Public | KG - 5
4

Glen Cove Elementary School

Public | KG - 5
4

Beverly Hills Elementary School

Public | KG - 5
4

Highland Elementary School

Public | KG - 5
2

Steffan Manor Elementary School

Public | KG - 5
1

Cooper Elementary School

Public | KG - 5
0

Willow High School

Public | KG - 12
0

Kindercare Learning Centers-Benicia

Private | PK - KG
0

St Catherine of Siena School

Private | KG - 8
0

St Basil Elementary School

Private | KG - 8
0

North Hills Christian School

Private | PK - 12
0

Kindercare Learning Center

Private | PK - KG
0

Starting Gate School

Private | PK - 12
0

New Horizons a Montessori School

Private | PK - KG

Middle Schools 4

5

Benicia Middle School

Public | 6 - 8
4

Carquinez Middle School

Public | 6 - 8
4

Hogan Middle School

Public | 6 - 8
1

Franklin Middle School

Public | 6 - 8

High Schools 6

8

Benicia High School

Public | 9 - 12
5

John Swett High School

Public | 9 - 12
3

Jesse Bethel High School

Public | 9 - 12
1

Vallejo High School

Public | 9 - 12
0

St Patrick-St Vincent High School

Private | 9 - 12
0

John Finney High (Continuation)

Public | 9 - 12

School and business data provided by Attom Data.

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(619) 368-7141

steven.shearrill@gmail.com

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