NOT LISTED FOR SALE
6 Beds
10 Baths
10,650 Sq Ft
6,499 Sq Ft Lot

Last Sold December 21, 2023

Last sale price $2,480,000 $233 Per Sq Ft

151 Days on Market

Highlights

  • Bay View
  • Wood Flooring
  • Formal Entry
  • Craftsman Architecture
  • Corner Lot
  • 5 Car Garage

About This Home

As of December 2023

This is a Pride of Ownership property with stunning Mission Revival Style. 2 Buildings. The building on the corner has 4 units that include the penthouse on the entire top floor featuring 3 large bedrooms, an office w/balcony, formal dining and living rooms, a laundry room and rear balcony. There are views in all directions. Recently renovated units finished with the highest quality materials & period design. The back building that faces Napa St has 4-2br and 4-1br units. This queen of the hill property attracts the highest quality tenants. Rents are at or near market throughout. For extra & long-term, stable income, there are four large storage garages and an owner's 1500SF+ workshop+garage storage that can be used as extra income or as shop/spares storage. There's a parking spot in front of the workshop entry and a laundry area for extra income. Most units renovated. NOTE 7/27/23-800 Capitol St. Apartments built by Conrad Rump have been found to be a Vallejo City Landmark [see photos]. They could be eligible for Mills Act property tax relief of 40%-80% elevating the cap rate to 8%-8.5%.

Last Agent to Sell the Property

Kevin Reilly

RE/MAX Gold License #01371289 Listed on: 05/12/2023

RE/MAX Gold

Co-Listed By

Ronald Lee

Ron Lee, Broker License #00689373

Last Buyer's Agent

Non-Member 999999

Non-member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918 | Remodeled

Lot Details

  • 6,499 Sq Ft Lot
  • Corner Lot

Parking

  • 5 Car Garage
  • On-Street Parking
  • Off-Site Parking

Property Views

  • Bay
  • Downtown
  • Mountain
  • Mount Diablo
  • Mount Tamalpais

Home Design

  • Craftsman Architecture
  • Concrete Foundation
  • Spanish Tile Roof

Interior Spaces

  • 6 Bedrooms
  • 10,650 Sq Ft Home
  • 2-Story Property
  • Formal Entry
  • Wood Flooring

Utilities

  • Wall Furnace
  • Individual Gas Meter
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 0056-173-190

Community Details

Overview

  • 2 Buildings
  • 12 Units

Additional Features

  • Laundry Facilities
  • Gross Income $287,052

Property Details

Home Type

Multi-Family

Year Built

Built in 1918 | Remodeled

Lot Details

0

Parking

5

Listing Details

  • Interior Amenities: Formal Entry
  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, Class A Building
  • Directions To Property: Capitol St. to top of Capitol Hill. Park.
  • Lot Size Acres: 0.1492
  • Stories: 2
  • CapRate: 6.92
  • Signs: No
  • Actual or Scheduled: Scheduled
  • ArchitecturalStyle: Craftsman
  • Special Features: None

Interior Features

  • Appliances: Varies By Unit
  • Accessibility Features: None
  • Flooring: Wood
  • Price Per Square Foot: 232.86
  • Square Footage: 10650.00
  • NumberOfBuildings: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Lot Features: Corner, Sidewalk
  • Property Condition: Updated/Remodeled
  • Roof: Spanish Tile, Other
  • View: Bay, Downtown, Mountains, Mt Diablo, Mt Tamalpais, Varies By Unit, Water

Garage/Parking

  • Parking Features: Garage, Offsite, Street, Other
  • Total Parking Spaces: 1.00
  • Garage Spaces: 5.00

Utilities

  • Cooling: Varies By Unit
  • Sewer: Public Sewer
  • Utilities: Cable Available, City
  • Water Source: Public
  • Heating: Wall Furnace
  • Laundry Features: Coin Operated, In Common Area
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 0056-173-190
  • Lot Size Sq Ft: 6499.00

Rental Info

  • TenantPays: Cable TV, Electricity, Gas

Building Info

  • Year Built: 1918

Multi Family

  • 1 Bedroom Rent Range: 1485-1625
  • Two Bedroom Rent Range: 1754-2050
  • Three Bedroom Rent Range: 2900
  • Number Of1 Bedrooms Occupied: 5
  • Number of 1 Bedroom Units: 5
  • Number Of2 Bedrooms Occupied: 5
  • Number of 3 Bedroom Units: 1
  • NumberOfUnitsTotal: 12
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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
12/21/2023 12/21/23 Sold $2,480,000 -2.7% $233 / Sq Ft
10/10/2023 10/10/23 Pending -- -- --
09/26/2023 09/26/23 Price Changed $2,550,000 -3.7% $239 / Sq Ft
09/07/2023 09/07/23 Price Changed $2,649,000 -1.0% $249 / Sq Ft
08/31/2023 08/31/23 Price Changed $2,675,000 -0.9% $251 / Sq Ft
08/06/2023 08/06/23 Price Changed $2,699,000 -1.8% $253 / Sq Ft
07/21/2023 07/21/23 Price Changed $2,749,000 -0.4% $258 / Sq Ft
07/07/2023 07/07/23 Price Changed $2,759,000 -0.7% $259 / Sq Ft
06/16/2023 06/16/23 Price Changed $2,779,000 -0.8% $261 / Sq Ft
05/12/2023 05/12/23 For Sale $2,800,000 -- $263 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $24,866 $2,529,600 $234,600 $2,295,000
2024 $24,866 $1,061,930 $46,420 $1,015,510
2023 $22,828 $1,041,109 $45,510 $995,599
2022 $21,714 $1,020,696 $44,618 $976,078
2021 $21,017 $1,000,684 $43,744 $956,940
2020 $20,810 $990,424 $43,296 $947,128
2019 $19,873 $971,005 $42,448 $928,557
2018 $18,371 $951,966 $41,616 $910,350
2017 $17,245 $933,300 $40,800 $892,500
2016 $10,837 $915,000 $40,000 $875,000
2015 $3,450 $268,105 $36,228 $231,877
2014 $3,407 $262,854 $35,519 $227,335
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 323031543

Bay Area Real Estate Information Services (BAREIS)
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