CA > Vallejo
Vallejo, CA 94590,1706 Sutter St.
Vallejo, CA 94590,1706 Sutter St.
Vallejo, CA 94590,1706 Sutter St.
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$1,350,000
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0.36 Acres Lot
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1706 Sutter St. Vallejo, CA 94590

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Jenny Wu

Jenny Wu

+1(909) 569-8888

UPDATED:

10/30/2024 05:05 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41076518

HOA Y/N No

Year Built 1917

Lot Size 0.356 Acres

Property Description

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.

Location

State CA

County Solano

Interior

Fireplace No

Appliance Gas Water Heater

Exterior

Roof Type Shingle

Total Parking Spaces 31

Building

Lot Description Corner Lot

Others

Tax ID 0056052240

California Regional MLS (CRMLS)
Listed by Ethan Berger • NAI Northern California

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Jenny Wu

Agent | License ID: 01817291

+1(909) 569-8888

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1706 Sutter St.

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