CA > Vallejo
Vallejo, CA 94590,1706 Sutter St.
Vallejo, CA 94590,1706 Sutter St.
Vallejo, CA 94590,1706 Sutter St.
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Parisa Samimi

Parisa Samimi

+1(510) 410-4050
$1,350,000
Est. payment /mo
3,154 SqFt
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UPDATED:

10/30/2024 04:51 PM

Key Details

Property Type Commercial

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,154 sqft

Price per Sqft $428

MLS Listing ID 41076518

HOA Y/N No

Year Built 1917

Lot Size 0.356 Acres

Acres 0.36

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

Area Listing

Rooms

Basement None

Interior

Interior Features Storage

Heating MultiUnits

Cooling Ceiling Fan(s)

Flooring Concrete, Hardwood, Laminate, Vinyl

Fireplace No

Appliance Gas Water Heater

Exterior

Utilities Available Water/Sewer Meter on Site, All Public Utilities, Individual Gas Meter

Total Parking Spaces 31

Building

Lot Description Corner Lot, Security Gate

Sewer Public Sewer

Water Public

New Construction No

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Bridge MLS
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Ethan Berger • NAI Northern California

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Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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1706 Sutter St.