709 Pope Dr, Vallejo, CA 94591

Vallejo
Local realty services provided by:ERA North Orange County Real Estate
709 Pope Dr,Vallejo, CA 94591
$1,250,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: john l. morra
Office: century 21 masters510-257-4441
MLS#:41139980
Source:CRMLS

Price summary

  • Price:$1,250,000

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 6.9% 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 #:41139980
  • Added:1 day(s) ago
  • Updated:June 30, 2026 at 01:59 AM

Structure and exterior

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

Finances and disclosures

  • Price:$1,250,000

Parking

  • Total parking spaces:4
  • Parking description:Covered
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