531 Georgia St, Vallejo, CA 94590
531 Georgia St, Vallejo, CA 94590
531 Georgia St, Vallejo, CA 94590
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Tera Rench

Tera Rench

+1(262) 370-7299
$829,999
Est. payment /mo
6,499 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Old Town

MLS Listing ID 41148291

HOA Y/N No

Year Built 1930

Lot Size 6,499 Sqft

Property Sub-Type Triplex

Property Description

Excellent multi-family / residential income investment opportunity in the heart of downtown Vallejo! This 4,269 SF 3-unit mixed-use building at 531-537 Georgia St features 3 fully leased income-generating units at 100% occupancy, offering immediate, stable cash flow with upside potential. Built in 1930 and renovated in 2023, the property has been meticulously maintained with a newer roof (~5 years old), upgraded electrical capacity with PG&E (including new exterior panels), new gutters, and fresh exterior paint. Unit 537 features additional high-value upgrades including new split HVAC, new flooring, and a new electrical subpanel. Zoned DMX (Downtown Mixed Use), the property offers high-density residential and commercial flexibility on a 6,500 SF lot complete with off-street rear parking plus ample street parking. Prime location just half a block from Old Town Vallejo, moments from the Farmers Market, Empress Theatre, and Georgia Street corridor. Current Cap Rate 6.72%, Pro Forma 6.88%. Buyer to verify all measurements, income, expenses, and zoning uses

Location

State CA

County Solano

Interior

Heating See Remarks

Flooring Laminate, Tile

Fireplace No

Exterior

Roof Type Shingle

Total Parking Spaces 6

Others

Tax ID 0056196050

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Listed by Brian Baniqued BCRE #01104388

NEARBY SCHOOL & BUSINESS

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