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709 Pope Dr

Vallejo, CA 94591
  • $1,300,000
  • STATUS: Active
  • ON SITE: 62 Days
  • ID#: 41119969
UPDATED: 33 min ago
$1,300,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1969
County:

School Ratings & Info

Listing Agent(s): John L. Morra of CENTURY 21 Masters (510-257-4441)


Description

Exceptional Investment Opportunity. Offered for the first time in many years, this well-maintained fourplex reflects true pride of ownership and represents a rare addition to the market. The property features strong in-place income with rents near current market levels, allowing for immediate and stable cash flow. Offered at an approximate 6.3% capitalization rate, the asset delivers positive cash flow with 30% down, with increased returns as equity investment increases. This property is ideally suited for an investor completing a 1031 exchange, particularly those transitioning from a smaller multifamily asset into a larger, income-producing property. Each unit is separately metered for gas and electricity, minimizing owner expenses. Vallejo does not have local rent control; therefore, the property is subject to California statewide rent control, allowing for annual rent increases of up to 5% plus CPI, providing a clear path for long-term income growth. A compelling opportunity for investors seeking a stable asset with immediate income and built-in upside.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-09T20:31:10.933. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/171722613
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709 Pope Dr Vallejo, CA 94591

  • Price: $1,300,000
  • Status: Active
  • On Site: 62 Days
  • Updated: 33 min ago
  • ID#: 41119969
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1969
Built
Neighborhood:
Other
County:
Solano
Property Description
Exceptional Investment Opportunity. Offered for the first time in many years, this well-maintained fourplex reflects true pride of ownership and represents a rare addition to the market. The property features strong in-place income with rents near current market levels, allowing for immediate and stable cash flow. Offered at an approximate 6.3% capitalization rate, the asset delivers positive cash flow with 30% down, with increased returns as equity investment increases. This property is ideally suited for an investor completing a 1031 exchange, particularly those transitioning from a smaller multifamily asset into a larger, income-producing property. Each unit is separately metered for gas and electricity, minimizing owner expenses. Vallejo does not have local rent control; therefore, the property is subject to California statewide rent control, allowing for annual rent increases of up to 5% plus CPI, providing a clear path for long-term income growth. A compelling opportunity for investors seeking a stable asset with immediate income and built-in upside.
Exterior Features

Construction Materials Stucco Lot Features Front Yard Parking Features Covered Parking Total 4

Interior Features

Cooling See Remarks Cooling YN Yes Heating See Remarks Heating YN Yes

Property Features

Association Fee 0 Gross Scheduled Income 113364 Insurance Expense 5500 Listing Service Full Service Listing Terms CashConventional Net Operating Income 81825 Operating Expense 31539 Possession Close Of Escrow Property Sub Type Quadruplex Sewer Public Sewer Tenant Pays Gas



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-09T20:31:10.933. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
 
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Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344
Listing Agent(s): John L. Morra of CENTURY 21 Masters (510-257-4441)