315 Evans Ave Vallejo, CA 94590
West Vallejo NeighborhoodEstimated payment $5,220/month
About This Home
Rare investment opportunity in the heart of Old City Vallejo! Great opportunity to own an income-producing property at 315 Evans Avenue, Vallejo. This property features two separate homes on one lot, offering flexible living and investment potential with potential for positive cash flow from day one. The front home is approximately 1,000 sq ft with 3 bedrooms and 1 bathroom. The rear structure includes multiple living areas with a 3-bedroom, 2-bath layout on the first floor, a 3-bedroom, 1-bath layout on the second-floor front, and a studio at the rear. Separate gas and electric meters and one shared water meter. A long driveway provides parking for multiple vehicles. Conveniently located near transportation, shopping, and commuter routes. Ideal for investors seeking multi-unit income or owner-occupants looking to live in one unit while renting the others to offset expenses potentially allowing the property to pay for itself from day one.
Property Details
Home Type
- Multi-Family
Year Built
- 1921
Home Design
- 1,541 Sq Ft Home
- Slab Foundation
- Composition Roof
Parking
- 5 Parking Spaces
- Covered Parking
- On-Street Parking
Utilities
- Wall Furnace
Listing and Financial Details
Community Details
Overview
- 1,541 Sq Ft Building
Building Details
- 4 Leased Units
- Insurance Expense $1,500
- Utility Expense $1,800
- Trash Expense $1,620
- Operating Expense $13,639
- Gross Income $95,190
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,364 | $557,531 | $136,537 | $420,994 |
| 2024 | $8,364 | $546,600 | $133,860 | $412,740 |
| 2023 | $7,867 | $535,884 | $131,236 | $404,648 |
| 2022 | $7,697 | $525,377 | $128,663 | $396,714 |
| 2021 | $7,923 | $515,077 | $126,141 | $388,936 |
| 2020 | $7,974 | $509,796 | $124,848 | $384,948 |
| 2019 | $7,302 | $499,800 | $122,400 | $377,400 |
| 2018 | $4,771 | $307,886 | $95,492 | $212,394 |
| 2017 | $4,527 | $301,850 | $93,620 | $208,230 |
| 2016 | $3,465 | $295,933 | $91,785 | $204,148 |
| 2015 | $3,313 | $291,489 | $90,407 | $201,082 |
| 2014 | $3,266 | $285,781 | $88,637 | $197,144 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/24/2026 04/24/26 | Price Changed | $848,000 | -5.7% | $550 / Sq Ft |
| 02/19/2026 02/19/26 | For Sale | $899,000 | -- | $583 / Sq Ft |
Source: MLSListings
MLS Number: ML82035535
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Ask me questions while you tour the home.