1313 Sacramento St - Multi-Family FOR SALE


$699,000 USD
818-237-7893
1313 Sacramento St, Vallejo, CA for Sale
$699,000 USD
Multi-Family - FOR SALE
1/11
null | 5.2% Cap Rate


HIGHLIGHTS

  • (2)3 Bedroom X Bath units in turnkey Condition.
  • Excellent Owner/User opportunity with immediate upside.

OVERVIEW

Marcus & Millichap is pleased to present 1313-1315 Sacramento Street, a duplex investment opportunity located in the heart of Vallejo, California. Constructed in 1925, the property consists of two (2) spacious 3 Bedroom x 2 Bathroom units totaling approximately 2,180 square feet of gross building area situated on a 1,950-square-foot lot. The property offers a compelling opportunity for both investors and owner-users, as one unit is currently occupied while the second unit is vacant. The vacant unit provides immediate occupancy potential or the ability to lease at market rents, allowing a new owner to capture upside from day one. The property's large unit layouts are well-suited to meet the strong demand for family-oriented housing in the Vallejo rental market. Ideally located less than one block from Vallejo City Park, the property benefits from convenient access to neighborhood amenities and outdoor recreation. Residents are approximately one-half mile from Downtown Vallejo and the Vallejo Municipal Marina, offering a variety of dining, shopping, entertainment, and waterfront attractions. Additionally, the property is approximately 0.6 miles from both Lincoln Elementary School and Vallejo High School, providing convenient access to local educational institutions. With its desirable unit mix, attractive owner-user potential, and central Vallejo location near downtown amenities and the waterfront, 1313-1315 Sacramento Street represents a unique opportunity to acquire a well-located duplex in one of the Bay Area's most affordable and growing residential markets.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$321 USD /SF

# OF UNITS

2

PRICE/UNIT

$349,500

CAP RATE

5.2%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1313-1315 Sacramento St

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

-

APN/PARCEL ID

0055-065-110

ASK ABOUT THIS PROPERTY

Scott BreslinMarcus & MillichapMore Info
818-237-7893

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Scott BreslinMarcus & MillichapMore Info
818-237-7893

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.