51 Mendocino St, Vallejo, CA 94590

Vallejo
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
51 Mendocino St,Vallejo, CA 94590
$1,495,000
  • 9 Beds
  • - Baths
  • 4,500 sq. ft.
  • Multi-family
  • Active
Listed by: david howarth
Office: the pinza group, inc
MLS#:41122404
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$1,495,000
  • Price per sq. ft.:$332.22

About this home

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...

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Home facts

  • Year built:2024
  • Listing ID #:41122404
  • Added:61 day(s) ago
  • Updated:April 01, 2026 at 02:33 PM

Rooms and interior

  • Bedrooms:9
  • Flooring:Wood
  • Living area:4,500 sq. ft.

Structure and exterior

  • Year built:2024
  • Building area:4,500 sq. ft.
  • Lot area:0.15 Acres
  • Architectural Style:Triplex

Finances and disclosures

  • Price:$1,495,000
  • Price per sq. ft.:$332.22

Parking

  • Parking description:Attached, Covered, Guest
  • Garage:Yes
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at April 1, 2026

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