Active
1706 Sutter St.
Vallejo CA, 94590
$1,350,000
Active
Residential
Built in 1917
Listed by Ethan Berger with NAI Northern California 925-588-9740
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.
41076518
MLSⓇ ID
October 16, 2024
Listed
November 1, 2024
Updated
Map
1706 Sutter St.
Vallejo CA, 94590
Interior Features
Appliances
Gas Water Heater
Fireplace
No
Cooling
Yes
Heating
Yes
Exterior/Building Features
Lot Size
0.36 Acres
Lot Features
Corner Lot
Roof
Shingle
Other Property Details
Days on Market
14
Garage
No
Parking Total
31
View
No
County
Solano
Pool
No
Listing Contact: 510-336-4712
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/1/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 11/1/2024 at 11:22 AM UTC