51 Mendocino St, Vallejo, CA 94590

Vallejo
Local realty services provided by:ERA Donahoe Realty
51 Mendocino St,Vallejo, CA 94590
$1,495,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: david howarth
Office: the pinza group, inc
MLS#:41122404
Source:CRMLS

Price summary

  • Price:$1,495,000

About this home

Three new homes built in 2024 with excellent cash flow and long-term upside! The current cap rate is 6.27% and the current GRM is 12.24. Each house offers 3 bedrooms and 2 bathrooms and 1,500 square feet of rental space with attached garage parking and nice yards. Each house offers remodeled kitchens and bathrooms, new electrical, new plumbing, new roofs, upgraded flooring, paint, lighting and more. Currently, two homes are rented at top market rates and one home will 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 and water 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 high demand rental location near numerous restaurants, shopping centers, and schools. Nearby is the Dead Fish restaurant, the Brewery and Distillery on...

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Home facts

  • Year built:2024
  • Listing ID #:41122404
  • Added:42 day(s) ago
  • Updated:March 06, 2026 at 11:29 AM

Rooms and interior

  • Flooring:Wood

Structure and exterior

  • Year built:2024
  • Lot area:0.15 Acres

Finances and disclosures

  • Price:$1,495,000

Parking

  • Total parking spaces:6
  • Parking description:Covered, Garage, Guest
  • Garage:Yes
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