• Broker Marco McMullen 5108471004
  • Broker Ethan Berger 9255889740

1706-1708 Sutter St 5 Unit Apartment Building $1,868,576 CAD ($373,715 CAD/Unit) 7.12% Cap Rate Vallejo, CA 94590

View Photo

INVESTMENT HIGHLIGHTS

  • (4) 1 bed, 1 bath units + (1) Studio + Commercial parking lot; Walk Score® Very Walkable (88)
  • Separately Metered for PG&E - 3/5 Units Pay All utilities
  • High 7.12% in Place Cap Rate & 8% Market Cap! Excellent in place income with significant upside in the rents
  • Parking Lot Can Be Leased for ~$3K/Month - Passive Income Opportunity!
  • Opportunity Zone!
  • Recent Renovations - New Staircases, New Water Heater, Upgrades to Studio

EXECUTIVE SUMMARY

1706-1708 Sutter St & 604 Tennessee St. - (4) 1 bed, 1 bath units + (1) Studio + (1) Commercial Parking Lot
SELLER FINANCING AVAILABLE
Parking Lot Can Be Leased for ~$3K/Month - Passive Income Opportunity!
Recent Renovations - New Staircases, New Water Heater, Upgrades to Studio
Separately Metered for PG&E - 3/5 Units Pay All utilities
Opportunity Zone!
Walk Score® Very Walkable (88)
Excellent in place income with significant upside in the rents
High 7.12% in Place Cap Rate & 8% Market Cap!

ATTACHMENTS

1706-1708 Sutter St. OM

PROPERTY FACTS

Price $1,868,576 CAD
Price Per Unit $373,715 CAD
Sale Type Investment
Cap Rate 7.12%
Gross Rent Multiplier 10.42
No. Units 5
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.19 AC
Building Size 3,154 SF
No. Stories 2
Year Built/Renovated 1917/2024
Parking Ratio 9.83/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

AMENITIES

UNIT AMENITIES

  • Ceiling Fans
  • Kitchen
  • Hardwood Floors
  • Wi-Fi

SITE AMENITIES

  • Fenced Lot
  • On-Site Retail
  • Smoke Free
  • Wi-Fi

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 4 $2,267 CAD 790
Studios 1 $1,661 CAD 790
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (71)

PROPERTY TAXES

Parcel Numbers 0056-052-230, 0056-052-240 Improvements Assessment $378,077 CAD
Land Assessment $152,938 CAD Total Assessment $531,015 CAD

MAP

ADDITIONAL PHOTOS

View Photo Building Photo
View Photo 6-web-or-mls-DSC09907
View Photo 2-web-or-mls-DSC09909
View Photo 9-web-or-mls-DJI_0062
View Photo 3-web-or-mls-DSC09892
View Photo 5-web-or-mls-DSC09908
View Photo 10-web-or-mls-DJI_0044
View Photo 14-web-or-mls-DJI_0029
View Photo 1-web-or-mls-DSC09889
View Photo 7-web-or-mls-DSC09905
View Photo 8-web-or-mls-DSC09898
View Photo Other
View Photo Other
View Photo 11-web-or-mls-DJI_0050-Edit
View Photo 13-web-or-mls-DJI_0035
View Photo 15-web-or-mls-DJI_0041-Edit
View Photo 16-web-or-mls-DJI_0053-Edit
View Photo 17-web-or-mls-DJI_0038-Edit
View Photo 18-web-or-mls-DJI_0026-Edit
View Photo Building Photo
View Photo Building Photo
View Photo Building Photo
View Photo Building Photo
View Photo Building Photo
View Photo Building Photo
View Photo Building Photo

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.