709 Pope Dr, Vallejo, CA 94591

Vallejo
Local realty services provided by:ERA North Orange County Real Estate
709 Pope Dr,Vallejo, CA 94591
$1,300,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: john l. morra
Office: century 21 masters
MLS#:41119969
Source:CRMLS

Price summary

  • Price:$1,300,000

About this home

Exceptional Investment Opportunity. Offered for the first time in many years, this well-maintained fourplex reflects true pride of ownership and represents a rare addition to the market. The property features strong in-place income with rents near current market levels, allowing for immediate and stable cash flow. Offered at an approximate 6.3% capitalization rate, the asset delivers positive cash flow with 30% down, with increased returns as equity investment increases. This property is ideally suited for an investor completing a 1031 exchange, particularly those transitioning from a smaller multifamily asset into a larger, income-producing property. Each unit is separately metered for gas and electricity, minimizing owner expenses. Vallejo does not have local rent control; therefore, the property is subject to California statewide rent control, allowing for annual rent increases of up to 5% plus CPI, providing a clear path for long-term income growth. A compelling opportunity for...

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Home facts

  • Year built:1969
  • Listing ID #:41119969
  • Added:67 day(s) ago
  • Updated:March 13, 2026 at 08:28 PM

Structure and exterior

  • Year built:1969
  • Lot area:0.24 Acres
  • Lot Features:Front Yard
  • Construction Materials:Stucco

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,300,000

Parking

  • Total parking spaces:4
  • Parking description:Covered
Based on information from California Regional Multiple Listing Service, Inc. as of March 14, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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