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$ 1,250,000
Est. payment /mo
Active
709 Pope Dr Vallejo, CA 94591
8 Beds
4,265 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,265 sqft
Price per Sqft $293
MLS Listing ID 41139980
Bedrooms 8
HOA Y/N No
Year Built 1969
Lot Size 10,496 Sqft
Acres 0.24
Property Sub-Type Quadruplex
Property Description
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 6.9% 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.
Location
State CA
County Solano
Rooms
Basement None
Interior
Heating Other
Cooling Other
Flooring Other
Fireplace Yes
Exterior
Exterior Feature Front Yard, Other
Building
Lot Description Premium Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 0072272110
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by John L. Morra • CENTURY 21 Masters