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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