Vallejo 8-Unit Townhome
102-116 Avian Drive, Vallejo, CA 94591
Remodeled 8-unit townhome complex in East Vallejo.
Type:Multifamily
Property size:
8,208 SFPrice / SF:
$255/SF- Added:
- Mar 18, 2026
- Days on Market:
- 61
- Last Refresh:
- Mar 20 at 12:10 am
Property Features for 102-116 Avian Drive
General Information
- Standard status
- Active
- Size
- 8,208 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1968
Listing agent Brian Baniqued License #CA
Listing office Baniqued Commercial Real Estate
Listing date Mar 18, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Baniqued Commercial Real Estate
HighLights
- Remodeled units with modern kitchens featuring quartz countertops and stainless steel appliances, spacious living areas, and private balconies with views.
- Townhome‑style apartments with in‑unit laundry.
- Professionally managed property ensuring smooth operations.
- Convenient location in East Vallejo with easy access to public transportation and San Pablo Bay.
- Proximity to both Sacramento and San Francisco.
- Dedicated parking included.
Overview
Located at 102-116 Avian Drive in Vallejo, this 8-unit townhome-style apartment complex offers an investment opportunity. The units have been recently remodeled and feature updated kitchens with quartz countertops and stainless steel appliances. The apartments also include spacious living areas with private balconies that offer views, as well as in-unit laundry. The property is professionally managed and includes dedicated parking. Situated in East Vallejo, the property is near public transportation and the San Pablo Bay. The location provides access to both Sacramento and San Francisco. The East Vallejo neighborhood includes apartments, condos, and contemporary residential areas. The area provides a place for renters looking for an apartment just north of the San Francisco Bay. The property offers a potential income stream in a coastal California market. The building size is 8,208 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$1.59M
NOI $143,372 @ 9.00% cap · cautious / downside scenario
Moderate
$2.05M
NOI $143,372 @ 7.00% cap · market / base-case scenario
Aggressive
$2.87M
NOI $143,372 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $273.8k | $33.36 |
| − Vacancy | −$13.1k | −$1.60 |
| EGI | $260.7k | $31.76 |
| − OpEx | −$117.3k | −$14.29 |
| NOI | $143.4k | $17.47 |
8,208 SF · lease $33.36/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$2.05M
$1.79M – $2.39M
NOI $143,372 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.99M
$3.50M – $4.66M
NOI $279,630 @ 7.0% cap · market cap 13.32%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Vallejo
- County
- Solano
- State
- California
- Longitude
- -122.2061348
- Latitude
- 38.1062877
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Remodeled 8-unit townhome complex in East Vallejo.
Where is this apartment building located?
The property is located at 102-116 Avian Drive Vallejo, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Remodeled units with modern kitchens featuring quartz countertops and stainless steel appliances, spacious living areas, and private balconies with views.; Townhome‑style apartments with in‑unit laundry.; Professionally managed property ensuring smooth operations.
