4-unit multi-family residential investment spread across two parcels with a 8.55% current cap rate and a 8.76 GRM. The unit mix features one 3bd/1bth single-family home, one duplex with two 2bd/1bth units, one studio unit, and two potential RV units. The properties were built in 1928, offer approximately 2,885 square feet of living space, and sit on a combined lot size of 10,454 square feet. The units have been remodeled over time and offer newer kitchens, bathrooms, wood floors, custom fixtures, upgraded electrical and plumbing, new paint, and no deferred maintenance. The rear duplex and studio units have separate backyards with ample parking space. The property has been historically easy to manage and is separately metered for PG&E providing for low annual operating expenses. The property will be delivered almost 100% vacant making this a perfect opportunity for an owner-occupant, extended family, or investor seeking maximum market rents. The two parcels create a rare opportunity to maximize the cash flow potential and offer development potential.
Property Details
Price:
$895,000
MLS #:
41093181
Status:
Pending
Baths:
0
Address:
320 Evans Ave
Type:
Residential Income
Subtype:
Quadruplex
City:
Vallejo
Listed Date:
Apr 12, 2025
State:
CA
ZIP:
94590
Lot Size:
10,425 sqft / 0.24 acres (approx)
Year Built:
1928
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Parking Spots
20.00
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Community
- Address320 Evans Ave Vallejo CA
- CityVallejo
- CountySolano
- Zip Code94590
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320 Evans Ave
Vallejo, CA
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