1706 Sutter St.
Vallejo, CA 94590
Active for $1,350,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 15,514 sqft
| MLS | 41076518 |
| Year Built | 1917 |
| Property Type | |
| County | Solano |
| Status | Active |
| Active | $1,350,000 |
| Structure Size | N/A sqft |
| Lot Size | 15,514 sqft |
| Beds | N/A |
| Baths |
Description
1706-1708 Sutter Street & 604 Tennessee St. in Vallejo, CA. is a 5 unit property in an opportunity zone consisting of four one bed, one bath units, one "non-conforming" studio, and a commercial parking lot in downtown Vallejo. The commercial parking lot has historically been leased for $3K/month, granting an opportunity for passive income. The sizable 790sqft units are individually metered for PG&E which all tenants pay. 3/5 units pay all utilities, keeping expenses low for owners. One unit is vacant making this a perfect opportunity for new or experienced investors to charge market rate rent or for owner/users to fill the space. Recent renovations include new staircases, one new water heater, and significant upgrades to the studio unit. It also provides a space for owners and tenants to park and store vehicles behind a security gate. 1706-1708 Sutter St. lies in an opportunity zone, given owners possible tax relief. It boasts a high 7.29% cap rate with room for upside in the rents.
Listing information courtesy of: Ethan Berger, NAI Northern California 925-588-9740. *Based on information from the Association of REALTORS/Multiple Listing as of 11/21/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Evelyn Perez
REALTOR®
Direct: 626.703.6833
Email: Email Me
DRE: 01808615
DRE #01873088
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