Quadplex with Updated
For Sale
$959,000
1158 Louisiana St, Vallejo, CA 94590
Residential Income, Vallejo, CA
Property Size2,903 SF
Lot Size0.15 Acres
Price / SF$330.35
Days on Market310
Property Features for 1158 Louisiana St
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
10
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 2, Bedroom 10, Bedroom 5, Bedroom 4, Bathroom 6, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 9, Bathroom 7, Bathroom 4, Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 2, Bathroom 5
Parking features
Assigned
Exterior features
Back Yard, Front Yard
Fencing
Fenced
Appliances
Gas Water Heater
Subdivision
Vallejo Manor
Lot features
Back Yard, Front Yard
Directions
GPS or Google Map..
Standard status
Active
APN
0056092100
Size
2,903 SF
Lot size
0.15 Acres
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Water source
Public
Building Details
Year built
1904
Number of units
4
Flooring type
Vinyl, Laminate, Carpet
Roof type
Shingle
Listing Agency:
United Brokers Real Estate
(866) 369-8273
Listed By:
An Chi Ly · License #01374021
(510) 517-3015
Added: Nov 9, 2025
Changed: Sep 13
Last Checked: Sep 15 at 8:06AM
MLS# 41117078
Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This quadplex contains 2,903 square feet on a 0.1492-acre lot and was built in 1904. The property includes assigned parking, fenced front and back yards, public water and sewer, a shingle roof, gas water heating, and wall-furnace heating. Interior finishes include carpet, vinyl, and laminate flooring. Recent work includes replacement of the main sewer line and copper water piping serving the front building, along with new flooring and paint in some units.
The seller is working with the City to legalize an unconfirmed unit identified as 1166 as an accessory dwelling unit. That space is described as approximately 500 square feet with two bedrooms and one bathroom. The property is located in Vallejo’s 94590 ZIP code.
The seller is working with the City to legalize an unconfirmed unit identified as 1166 as an accessory dwelling unit. That space is described as approximately 500 square feet with two bedrooms and one bathroom. The property is located in Vallejo’s 94590 ZIP code.
Key Highlights
- Quadplex totaling 2,903 square feet on a 0.1492‑acre lot
- Built in 1904 with assigned parking and fenced front and back yards
- Main sewer line replaced last year
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,458
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,129,160
$1.1M
Cap Rate 7%
$806,543
$806.5K
Cap Rate 9%
$627,311
$627.3K
Market Conditions
NOI Build-Up for 2,903 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$85.3K $29.40/SF
− Vacancy
−$4.7K −$1.62/SF
EGI
$80.7K $27.78/SF
− OpEx
−$24.2K −$8.33/SF
NOI
$56.5K $19.45/SF
Area
Vallejo, CA
Vacancy
5.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,129,160
Cap Rate 7%
$806,543
Cap Rate 9%
$627,311
Alternative Uses
Best Use
Multifamily LT 5
$806.5K
$705.7K – $941.0K
NOI $56,458 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$724.4K
$633.9K – $845.1K
NOI $50,708 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,899 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,788
Businesses Nearby
Explore this area
Business Placement
Demographics for 94590, CA
39,981
Population
16,500
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
6.6 sq mi
ZIP Area
6,058
Density / Sq Mi
$66,957
Median Household Income
$43,383
Median Earnings
$1,768
Median Rent
$510,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing residential property with recent sewer improvements and copper water piping in the front building.
Where is this quadplex located?
The property is located at 1158 Louisiana St Vallejo, CA.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: Quadplex totaling 2,903 square feet on a 0.1492‑acre lot; Built in 1904 with assigned parking and fenced front and back yards; Main sewer line replaced last year
