814 York StVallejo, CA 94590

Property Details for 814 York St

Year built

1905

Property size (Sq ft)

2,580 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This charming Victorian-style fourplex, located at 814 York St. in Vallejo, CA, presents a compelling value-add opportunity. The property boasts 2,580 square feet on a spacious 5,850 square foot lot and comprises four units: two one-bedroom/one-bathroom units and two large studio units. Built in 1905, this two-story building offers significant upside potential for investors or owner-occupants. Each unit features individual PG&E meters, allowing for the implementation of a reimbursement utility billing system to minimize expenses. Tenants enjoy a large backyard and off-street parking. The property's exceptional location is a key advantage, situated just 0.4 miles from the San Francisco Bay Ferry, and close to Sonoma Blvd, Interstate 80, I-780, and the Carquinez Bridge, providing easy access to major commuting routes. Its proximity to downtown Vallejo, national retailers, grocery stores, and restaurants further enhances its appeal. The property's location in a vibrant area with high foot traffic from local attractions like Six Flags Discovery Kingdom and Children's Wonderland Park, coupled with Vallejo's status as a populous North Bay city and home to a Naval Port, creates a strong rental market. The asking price is $699,000, representing a price per unit of $174,750 and a price per square foot of $270.93. The property offers a current cap rate of 7.58% and a pro-forma cap rate of 8.14%, with a pro-forma NOI of $56,885. The property is being sold "as is." Minimal deferred maintenance is evident on the exterior. The ample yard space and parking add to the property's desirability.

Location Insight

City

Vallejo

County

Solano

State

California

Latitude

38.1002

Longitude

-122.249

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