Active

1706 Sutter St.

Vallejo CA, 94590

$1,350,000


$428.03 per sqft

Active

3,154 sqft

Multi-family

Built in 1917

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. SELLER FINANCING AVAILABLE.

41076518

MLS ID

October 16, 2024

Listed

February 4, 2025

Updated

Map

1706 Sutter St.
Vallejo CA, 94590

Interior Features

Interior Features

Storage


Appliances

Gas Water Heater


Floor Description

Concrete, Hardwood, Laminate, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

Yes


Heating Description

Multi Units

Exterior/Building Features

Lot Size

0.36 Acres


Lot Features

Corner Lot, Security Gate


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

Vallejo


Garage

Yes


Parking

Attached, Unassigned


Parking Total

31


View

No


County

Solano


Water Source

Public


Pool

No

Listed by Ethan Berger with NAI Northern California
Listing Contact: 925-588-9740 

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