NOT LISTED FOR SALE
10 Beds
-- Bath
4,900 Sq Ft
6,499 Sq Ft Lot

Last Sold June 21, 2023

Last sale price $1,400,000 $286 Per Sq Ft

42 Days on Market

Highlights

  • 4 Car Attached Garage
  • Laundry Facilities
  • 4-minute walk to Amador Park
  • Landscaped

About This Home

As of June 2023

Excellent cash flow property in central Vallejo near Amador Park. This unique 7-unit apartment building consists of five (5) units in the front building on Florida St and two (2) additional units over four (4) individual 1-car garages in the back building on Lozier Alley. Consisting of one (1) spacious 3-bedroom unit, two (2) 2-bedroom units, three (3) 1-bedroom units and one (1) studio, this great investment property features a shared central courtyard and separate meters for gas and electric. There is also a separate room with laundry hookups if a new owner wants to generate additional income. Most units have been upgraded over the years and the property has been consistently maintained under the current ownership. With strong in-place rents, this investment provides a new owner with strong fundamentals for long term value and income appreciation, as well as the tax benefits that come with investment real estate ownership.

Last Agent to Sell the Property

Steven Level

Berkshire Hathaway License #01184232 Listed on: 03/07/2023

Berkshire Hathaway

Last Buyer's Agent

Steven Level

Berkshire Hathaway License #01184232 Listed on: 03/07/2023

Berkshire Hathaway

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 6,499 Sq Ft Lot
  • Landscaped

Parking

  • 4 Car Attached Garage
  • On-Street Parking

Home Design

  • Concrete Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 4,900 Sq Ft Home
  • 3-Story Property
  • Washer and Dryer Hookup

Utilities

  • No Cooling
  • Wall Furnace
  • Individual Gas Meter

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 0056-152-050

Community Details

Overview

  • 2 Buildings
  • 7 Units

Additional Features

  • Laundry Facilities
  • Gross Income $151,452

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Parking

4

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: 1135 Florida St, Vallejo, CA
  • Lot Size Acres: 0.1492
  • Stories: 3
  • CapRate: 6.81
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • Price Per Square Foot: 285.71
  • Square Footage: 4900.00
  • NumberOfBuildings: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Lot Features: Landscape Front, Shape Regular, Sidewalk
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Attached, Garage, Street
  • Total Parking Spaces: 4.00
  • Garage Spaces: 4.00

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Wall Furnace
  • Laundry Features: In Common Area, Washer/Dryer Hookups
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 0056-152-050
  • Lot Size Sq Ft: 6499.00

Rental Info

  • TenantPays: Electricity, Gas

Building Info

  • Year Built: 1900

Multi Family

  • One Bedroom Annual Occupancy: 97
  • 1 Bedroom Rent Range: 1595-1623
  • Two Bedroom Annual Occupancy: 97
  • Two Bedroom Rent Range: 2045-2073
  • Three Bedroom Annual Occupancy: 97
  • Three Bedroom Rent Range: 1950
  • Number Of1 Bedrooms Occupied: 3
  • Number of 1 Bedroom Units: 3
  • Number Of2 Bedrooms Occupied: 2
  • Number Of3 Bedrooms Occupied: 1
  • Number of 3 Bedroom Units: 1
  • Number of Studio Units: 1
  • NumberOfUnitsTotal: 7
  • Number Studios Occupied: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Off Market $1,400,000 -- --
06/21/2023 06/21/23 Sold $1,400,000 -12.4% $286 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
03/07/2023 03/07/23 For Sale $1,598,000 -- $326 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,685 $1,456,560 $312,120 $1,144,440
2024 $23,685 $1,428,000 $306,000 $1,122,000
2023 $12,934 $571,754 $113,781 $457,973
2022 $12,272 $560,544 $111,550 $448,994
2021 $11,881 $549,554 $109,363 $440,191
2020 $11,754 $543,920 $108,242 $435,678
2019 $11,215 $533,256 $106,120 $427,136
2018 $10,361 $522,801 $104,040 $418,761
2017 $9,716 $512,550 $102,000 $410,550
2016 $10,360 $888,893 $404,043 $484,850
2015 $10,226 $875,542 $397,974 $477,568
2014 $10,085 $858,393 $390,179 $468,214
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 323013415

Bay Area Real Estate Information Services (BAREIS)