709 Pope Dr, Vallejo, CA 94591
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
709 Pope Dr,Vallejo, CA 94591
$1,300,000
- 8 Beds
- - Baths
- 4,265 sq. ft.
- Multi-family
- Active
Listed by: john l. morra
Office: century 21 masters
MLS#:41119969
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,300,000
- Price per sq. ft.:$304.81
About this home
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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Home facts
- Year built:1969
- Listing ID #:41119969
- Added:53 day(s) ago
- Updated:February 27, 2026 at 03:33 PM
Rooms and interior
- Bedrooms:8
- Living area:4,265 sq. ft.
Structure and exterior
- Year built:1969
- Building area:4,265 sq. ft.
- Lot area:0.24 Acres
- Lot Features:Premium Lot
- Architectural Style:Quadruplex
- Construction Materials:Stucco
- Exterior Features:Front Yard, Premium Lot
Finances and disclosures
- Price:$1,300,000
- Price per sq. ft.:$304.81
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