51 Mendocino St Vallejo, CA 94590
West Vallejo NeighborhoodHighlights
- Wood Flooring
- Attached Garage
- Heating Available
- No HOA
- Cooling Available
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 Mare Island, the Ferry to San Francisco, Sausalito and Tiburon, and only 14 miles to the Napa wineries.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2024
Parking
- Attached Garage
Home Design
- Triplex
- Composition Roof
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Utilities
- Cooling Available
- Heating Available
Additional Features
- Wood Flooring
- 6,500 Sq Ft Lot
Community Details
- No Home Owners Association
- Vallejo Heights Subdivision
Listing and Financial Details
- Assessor Parcel Number 0057155080
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/29/2026 01/29/26 | For Sale | $1,495,000 | -- | $332 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Old Republic Title | |
| Grant Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $19,500 | None Available | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $16,510 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $747,000 | Credit Line Revolving |
Source: bridgeMLS
MLS Number: 41122404
APN: 0057-155-080
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Bay East 2026. CCAR 2026. bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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