845-849 Louisiana St - Apartments FOR SALE


Vallejo, CA 94590- West Vallejo
$1,000,000 USD
415-747-2150
845-849 Louisiana St, Vallejo, CA for Sale
$1,000,000 USD
Apartments - FOR SALE
1/19
null | 6.49% Cap Rate

845-849 Louisiana St
Vallejo, CA 94590
West Vallejo


HIGHLIGHTS

  • 6.49% Starting Cap Rate
  • Rental Upside & Value-Add Opportunity
  • Nice Corner Location
  • Two Attached 1-Car Garages
  • Electrical Subpanels Replaced
  • Newer Exterior Paint

OVERVIEW

Positioned on a prominent corner lot directly across from Washington Park, this well-maintained five-unit apartment building presents an outstanding investment opportunity in the Vallejo rental market. With frontage on both Louisiana Street and Napa Street, the property benefits from excellent visibility, strong curb appeal, and a desirable residential setting. The unit mix consists of one spacious 3-bedroom, 2-bath unit and four 1-bedroom, 1-bath units, offering a balanced income stream with broad tenant appeal. Additional amenities include two one-car garages, providing added value and potential for supplemental rental income. Ownership has completed several capital improvements, including updated electrical subpanels and newer exterior paint, helping reduce near-term maintenance costs while enhancing the property’s overall condition. Conveniently located across from Washington Park and within close proximity to shopping, schools, transportation, and major commuter routes, this asset offers investors the opportunity to acquire a solid multifamily property with an attractive unit mix, quality improvements, and long-term upside in one of Vallejo’s established neighborhoods.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

5

PRICE/UNIT

$200,000

CAP RATE

6.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,250 SF

ZONING

RLD

APN/PARCEL ID

0056-111-090

ASK ABOUT THIS PROPERTY

Steven LevelBerkshire Hathaway Drysdale PropertiesMore Info
415-747-2150

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Steven LevelBerkshire Hathaway Drysdale PropertiesMore Info
415-747-2150

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