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
Price:
$1,495,000
MLS #:
41122404
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Triplex
Subdivision:
VALLEJO HEIGHTS
Listed Date:
Jan 29, 2026
Lot Size:
6,500 sqft / 0.15 acres (approx)
Year Built:
2024
See this Listing
Schools
Interior
Cooling
SEE
Flooring
WOOD
Heating
SEE
Exterior
Construction Materials
SEE
Parking Spots
6
Financial
Map
Community
- Address51 Mendocino St Vallejo CA
- SubdivisionVALLEJO HEIGHTS
- CityVallejo
- CountySolano
- Zip Code94590
Subdivisions in Vallejo
Market Summary
Current real estate data for Single Family in Vallejo as of Mar 03, 2026
43
Single Family Listed
83
Avg DOM
315
Avg $ / SqFt
$574,953
Avg List Price
Property Summary
- Located in the VALLEJO HEIGHTS subdivision, 51 Mendocino St Vallejo CA is a Single Family for sale in Vallejo, CA, 94590. It is listed for $1,495,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 2024. The average price per square foot for Single Family listings in Vallejo is $315. The average listing price for Single Family in Vallejo is $574,953.
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