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Listed by Brian Baniqued • BCRE
$ 829,999
Est. payment /mo
Active
531 Georgia St Vallejo, CA 94590
4,269 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,269 sqft
Price per Sqft $194
Subdivision Old Town
MLS Listing ID 41148291
HOA Y/N No
Year Built 1930
Lot Size 6,500 Sqft
Property Sub-Type Triplex
Source CONTRA COSTA
Property Description
Excellent multi-family / residential income investment opportunity in the heart of downtown Vallejo! This 4,269 SF 3-unit mixed-use building at 531-537 Georgia St features 3 fully leased income-generating units at 100% occupancy, offering immediate, stable cash flow with upside potential. Built in 1930 and renovated in 2023, the property has been meticulously maintained with a newer roof (~5 years old), upgraded electrical capacity with PG&E (including new exterior panels), new gutters, and fresh exterior paint. Unit 537 features additional high-value upgrades including new split HVAC, new flooring, and a new electrical subpanel. Zoned DMX (Downtown Mixed Use), the property offers high-density residential and commercial flexibility on a 6,500 SF lot complete with off-street rear parking plus ample street parking. Prime location just half a block from Old Town Vallejo, moments from the Farmers Market, Empress Theatre, and Georgia Street corridor. Current Cap Rate 6.72%, Pro Forma 6.88%. Buyer to verify all measurements, income, expenses, and zoning uses
Location
State CA
County Solano
Interior
Heating Other
Cooling Heat Pump
Flooring Laminate, Tile, Other
Fireplace No
Building
Lot Description See Remarks
Water Other, See Remarks
Others
Special Listing Condition Standard
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