419 Georgia St - Apartments FOR SALE


$6,150,000 USD
916-724-1294
419 Georgia St, Vallejo, CA for Sale
$6,150,000 USD
Apartments - FOR SALE
1/18
null | 6.12% Cap Rate


OVERVIEW

The DeLoney and Nelson Groups of Marcus & Millichap is pleased to present the exclusive opportunity to acquire Galleria, a mixed-use investment opportunity located at 419 Georgia Street in the heart of Downtown Vallejo, California. The property consists of 32 apartment homes and nine commercial suites, offering investors a diversified income stream and exceptional long-term upside in one of the Bay Area's most vibrant waterfront districts. Originally constructed with timeless brick architecture, Galleria seamlessly blends historic character with modern functionality. The residential component consists of well-maintained and renovated apartment homes, while the commercial portion features an inviting interior retail promenade with street-facing storefronts, elevator service, a recently renovated commercial laundry facility, and public parking adjacent to the property. In addition, the property is equipped with a solar energy system operating under California's highly desirable Net Energy Metering (NEM) 2.0 program, providing reduced utility costs and long-term operating expense savings. Eight of the property's nine commercial suites are currently leased, providing stable retail income while leaving one premier leasing opportunity for a new owner. The property also features a 1,304-square-foot vacant retail suite, presenting immediate upside through lease-up. The suite features an expansive open floor plan, modern flooring, contemporary lighting, and a highly flexible layout well suited for boutique commercial uses. Ideally located just blocks from the Vallejo Waterfront and San Francisco Bay Ferry Terminal, Galleria places residents and businesses within walking distance of Downtown Vallejo's restaurants, breweries, coffee shops, entertainment venues, and growing arts district. Galleria represents a rare opportunity to acquire a distinctive mixed-use landmark combining stable residential income, diversified commercial revenue, meaningful leasing upside, and energy-efficient operations in one of the North Bay's most promising downtown markets. Please do not disturb management or residents. Please schedule a tour through a listing agent.

FOR SALE DETAILS

PRICE

$6,150,000 USD

PRICE/SF

$86 USD /SF

# OF UNITS

41

PRICE/UNIT

$150,000

CAP RATE

6.12%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Galleria

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1959

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,000 SF

ZONING

-

APN/PARCEL ID

0056-194-170

ASK ABOUT THIS PROPERTY

David DeLoneyMarcus & MillichapMore Info
916-724-1294

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David DeLoneyMarcus & MillichapMore Info
916-724-1294

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