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

Sale Details

Date 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
  • Separate Meters
  • 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

6,499 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2023
Closed on
Dec 18, 2023
Sold by
Bought by
Seller's Agent
Kevin Reilly
RE/MAX Gold
Buyer's Agent
Non-Member 999999
Non-member Office
List Price
$2,800,000
Sold Price
$2,480,000
Premium/Discount to List
-$320,000
-11.43%
Views
219

Purchase Details

Closed on
Sep 15, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$732,000
Interest Rate
0.039%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 3, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$732,000
Interest Rate
0.039%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 25, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$732,000
Interest Rate
0.039%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 29, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,500
Interest Rate
0.0631%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,480,000 Old Republic Title
$915,000 Fidelity National Title Co
-- Fidelity National Title Co
-- None Available
-- North American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $732,000
Previous Owner $249,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $42,981 $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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