1. California
  2. Vallejo
  3. 320-322 Evans Ave
$895,000

320-322 Evans Ave, Vallejo, CA 94590

  • 7 beds
  • 2,885 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1928
  • Property Lot Size Icon10,454sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $310/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

4-unit multi-family residential investment spread across two parcels with a 8.55% current cap rate and a 8.76 GRM. The unit mix features one 3bd/1bth single-family home, one duplex with two 2bd/1bth units, one studio unit, and two potential RV units. The properties were built in 1928, offer approximately 2,885 square feet of living space, and sit on a combined lot size of 10,454 square feet. The units have been remodeled over time and offer newer kitchens, bathrooms, wood floors, custom fixtures, upgraded electrical and plumbing, new paint, and no deferred maintenance. The rear duplex and studio units have separate backyards with ample parking space. The property has been historically easy to manage and is separately metered for PG&E providing for low annual operating expenses. The property will be delivered almost 100% vacant making this a perfect opportunity for an owner-occupant, extended family, or investor seeking maximum market rents. The two parcels create a rare opportunity to maximize the cash flow potential and offer development potential.

Listing Status:
Pending
Date Added:
April 12, 2025 at 05:00AM
Listing Office:
The Pinza Group, Inc : 510-725-4775
Listing Agent:
David Howarth : 510-822-1331
MLS ID:
41093181

This listing courtesy of David Howarth, The Pinza Group, Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

S

Steffan Manor Elementary School

815 Cedar St, Vallejo, CA, 94591

Grades KG-5

0.80 miles away

F

Franklin Middle School

501 Starr Ave, Vallejo, CA, 94590

Grades 6-8

0.39 miles away

V

Vallejo Adult Transition

1347 Amador St, Vallejo, CA, 94590

Grades 12-12

1.17 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.