513 Virginia St, Vallejo, CA
Fantastic Investment in Opportunity Zone
513 Virginia Street, is a five-unit property consisting of four buildings in Vallejo, California. Built in 1898, the property features one single family residence with four bedrooms and two baths and a duplex, with two bedrooms and one bathroom. In the rear, two cottages, each with one bedroom and bath and a garage. All units have their own washer and dryer.
Featuring a beautiful courtyard garden with Mediterranean-style plants that flourish and don’t require constant water or attention only adds to the beauty of this charming community. The units all have separate gas and electric meters. Each of the four buildings have newer roofs that appear to be in great shape. One of the tenants helps with the gardening upkeep, too.
The property is located in a beautiful neighborhood and is close to local elementary, middle, and high schools, as well as downtown Vallejo. Seated neatly in the Economic Opportunity Redevelopment Zone, this area will draw in more investment in the coming years. Positioned near libraries, public transportation, including the San Francisco Ferry and I-80 access. With retailers such as Costco, Target, HomeDepot, Safeway and Whole Foods nearby, the desirability of this location is a huge draw for tenants. This is a quality investment property with upside rental potential.
*Per tax records
- Price $975,000
- CAP Rate 6.1%
- 5 Units Zoned Multi-family*
- 1 Home 4 Bed | 2 Bath
- 1 Duplex 2 Bed | 1 Bath
- 2 Cottages 1 Bed | 1 Bath | 1 car garage
- GBA 4,548*