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Fine Group Real Estate
531 Georgia St, Vallejo, CA 94590
- $829,999
- 4,269
- SqFt
Listed by Brian Baniqued, (510) 851-2748 from BCRE
(If provided) CoList: from
- List Price
- $829,999
- MLS#
- CC41148291
- Status
- ACTIVE
- Sqft. of Residence
- 4,269
- Lot Size
- 6,500
- Listing Area
- Other Area
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
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Additional Information
- Acres
- 0.15
- Amenities
- Other
- Exterior Features
- Stucco
- Floor Covering
- Laminate, Other, Tile
- Heating System
- Other
- Living Area
- 4,269
- Lot Size
- 6,500
- Neighborhood
- Other Area
- Numberof Units
- 3
- Roof
- Composition
- Unincorporated Yn
- Yes
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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Fine Group Real Estate are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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