51 Mendocino St - Multi-Family FOR SALE


Vallejo, CA 94590- West Vallejo
$1,495,000 USD
510-822-1331
51 Mendocino St, Vallejo, CA for Sale
$1,495,000 USD
Multi-Family - FOR SALE
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51 Mendocino St
Vallejo, CA 94590
West Vallejo


HIGHLIGHTS

  • Three New Houses Built In 2024 with Strong Cash Flow
  • Each Home Offers 3 bedrooms and 2 bathrooms, 1,500 Square Feet of Rental Space, and an Attached Garage
  • One House is Vacant – Perfect for Owner- Occupant or Investor Seeking Max Market Rent
  • High-end Kitchens and Bathrooms, New Wood Flooring, New Paint, New Electrical, New Plumbing, Custom Molding, Central Heat/Air, and Recessed Lighting
  • Easy to Manage, Low Maintenance Property; Tenants Pay all Utilities with Low Annual Operating Expenses
  • Attractive Vallejo Location Near Many Restaurants, Schools, Parks, and Shopping Options

OVERVIEW

Three brand new houses built in 2024 with excellent cash flow and long-term upside! Each house offers 3 bedrooms and 2 bathrooms and 1,500 square feet of rental space with off-street parking and nice backyards. Each house offers remodeled kitchens and bathrooms, new electrical, new plumbing, new roofs, upgraded flooring, paint, lighting and more. Currently each house is rented for $3,300 per month, however one house can be delivered vacant at the close of escrow making a perfect set-up for an owner-occupant. The property is easy to manage and separately metered for PG&E providing for low annual operating expenses. The exterior and interior are in excellent condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is a very rare offering in Vallejo; perfect for both investors and owner-occupants. This is a high-demand rental location near numerous restaurants, shopping centers, and schools. Nearby is the Dead Fish restaurant, the Brewery and Distillery on Mare Island, the Ferry to San Francisco, Sausalito and Tiburon, and only 14 miles to the Napa wineries. ****EMAIL DAVID@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE.

FOR SALE DETAILS

PRICE

$1,495,000 USD

# OF UNITS

3

PRICE/UNIT

$498,333

CAP RATE

6.27%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Three Brand New Houses with High Cash Flow!

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,500 SF

ZONING

-

APN/PARCEL ID

0057-155-080

ASK ABOUT THIS PROPERTY

David HowarthPinza GroupMore Info
510-822-1331

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David HowarthPinza GroupMore Info
510-822-1331

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