Bought with Peter Lynch • Green line Ventures
$2,480,000
$2,550,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
1,311 Beds
4 Baths
10,650 SqFt
SOLD DATE : 12/21/2023
Key Details
Sold Price $2,480,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 10,650 sqft
Price per Sqft $232
MLS Listing ID 323031543
Sold Date 12/21/23
Bedrooms 1311
HOA Y/N No
Year Built 1918
Lot Size 6,499 Sqft
Property Description
This is a Pride of Ownership property with stunning Mission Revival Style. 2 Buildings. The building on the corner has 4 units that include the penthouse on the entire top floor featuring 3 large bedrooms, an office w/balcony, formal dining and living rooms, a laundry room and rear balcony. There are views in all directions. Recently renovated units finished with the highest quality materials & period design. The back building that faces Napa St has 4-2br and 4-1br units. This queen of the hill property attracts the highest quality tenants. Rents are at or near market throughout. For extra & long-term, stable income, there are four large storage garages and an owner's 1500SF+ workshop+garage storage that can be used as extra income or as shop/spares storage. There's a parking spot in front of the workshop entry and a laundry area for extra income. Most units renovated. NOTE 7/27/23-800 Capitol St. Apartments built by Conrad Rump have been found to be a Vallejo City Landmark [see photos]. They could be eligible for Mills Act property tax relief of 40%-80% elevating the cap rate to 8%-8.5%.
Location
State CA
County Solano
Area Vallejo 4
Interior
Interior Features Formal Entry
Heating Wall Furnace
Cooling Varies by Unit
Flooring Wood
Exterior
Garage Garage, Offsite, Street, Other
Garage Spaces 1.0
Utilities Available Cable Available, City
Roof Type Spanish Tile,Other
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Craftsman
Others
Special Listing Condition None
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