531 Georgia StVallejo, CA 94590

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

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

1930

Living area

4,269 Sq Ft

Lot size

0.15 acres

Days on market

13

MLS^® Listing#

41148291

Property Features

Cooling

Heat Pump

Heating

Other · Heat Pump

Flooring

Laminate · Tile · Other

Basement

None

Parking

See Remarks

Lot features

See Remarks

Construction

Stucco

Sewer

Other

Water source

Other · See Remarks

Financial Details

HOA

None

Parcel number

0056196050