Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    East Vallejo 8-Unit Apartment Complex Title is generated by Realmo AI

    102 Avian, Vallejo, CA 94591

    View on Map
    Claim this Listing
    For Sale
    $2,100,000

    Professionally managed 8-unit apartment complex in the heart of East Vallejo.

    Type:Commercial
    Property size:
    8,208 SF
    Price / SF:
    $255/SF
    Added:
    Dec 31, 2025
    Days on Market:
    155
    Last Refresh:
    Apr 5 at 8:27 pm

    Property Features for 102 Avian

    General Information

    Standard status
    Active
    Size
    8,208 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    BRIAN BANIQUED
    BRIAN BANIQUED

    Listing agent BRIAN BANIQUED License #01104388

    Listing office BCRE

    Listing date Dec 31, 2025

    Source Corcoran

    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 BCRE

    HighLights

    • Professionally managed 8‑unit apartment complex - rare investment opportunity.
    • Townhome‑style residences with modern kitchens featuring quartz countertops and stainless steel appliances.
    • Two‑level layouts with oversized living rooms and private balconies offering scenic views.
    • In‑unit laundry and dedicated parking for residents.
    • Desirable Granada Hills neighborhood, close to local shops and San Pablo Bay.
    • Convenient commute: one hour from both San Francisco and Sacramento.

    Overview

    This professionally managed 8-unit apartment complex is located in East Vallejo. The property features townhome-style residences. Each unit has been updated with modern kitchens including quartz countertops and stainless steel appliances. The two-level layouts offer privacy and space, with oversized living rooms that open to private balconies with scenic views. In-unit laundry and dedicated parking are available. Situated in the Granada Hills neighborhood, the property is near local shops, small diners, and San Pablo Bay. It is located approximately one hour from both San Francisco and Sacramento. The property size is 8,208 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    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.

    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 Uses

    Best Use
    Apartment 5plus
    $2.05M
    $1.79M – $2.39M (±1% cap)
    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 (±1% cap)
    NOI $279,630 @ 7.0% cap · market cap 13.32%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vallejo
    County
    Solano
    State
    California
    Longitude
    -122.206
    Latitude
    38.1063

    Nearby Similar for Sale

    • $850,000
      5,250 SF

      Fully Occupied Retail Building

      Multi-tenant retail building in Downtown Vallejo's Arts & Entertainment District.
      700 Marin Street, Vallejo, CA 94590
      View Details
    • $850,000
      2,378 SF

      Versatile Mixed-Use Property in Vallejo

      Well-maintained commercial property adaptable for office, event, or residential use.
      707 Tuolumne Street, Vallejo, CA 94590
      View Details
    • $1,400,000
      5,584 SF

      Vallejo Special-Use Property on 1.9 Acres

      Special-use property with development potential for various organizations.
      201 Doyle Drive, Vallejo, CA 94591
      View Details
    • $151,000
      750 SF

      Downtown Vallejo Retail Opportunity

      Street-front retail space in high-traffic Vallejo location.
      1711 Sonoma Boulevard, Vallejo, CA 94590
      View Details
    • $349,000
      1,366 SF

      Vallejo Office Building For Sale

      Office building with private offices, storage, and parking.
      1407 Tennessee Street, Vallejo, CA 94590
      View Details
    • $850,000
      2,636 SF

      Vallejo Triplex with Income Potential

      Centrally located Vallejo triplex with immediate income and long-term upside.
      734 Florida St, Vallejo, CA 94590
      View Details
    • $649,000
      1,808 SF

      Vallejo Duplex: Income Potential

      Well-maintained Vallejo duplex with modern updates and strong investment potential.
      1511 Marin St, Vallejo, CA 94590
      View Details
    • $809,000
      2,716 SF

      Vallejo Triplex Investment Opportunity

      Triplex in Vallejo with immediate rental income and additional unit.
      2008 Marin St, Vallejo, CA 94590
      View Details
    • $329,000
      1,591 SF

      Vallejo Mixed-Use Property For Sale

      Mixed-use property in Vallejo, CA, suitable for residential and commercial.
      1966 Broadway Street, Vallejo, CA 94589
      View Details
    • $899,000
      4,269 SF

      Downtown Vallejo Retail Investment Opportunity

      Fully leased retail building in downtown Vallejo with stable income.
      531 Georgia St, Vallejo, CA 94590
      View Details
    • $999,000
      2,903 SF

      Vallejo Multifamily Investment Opportunity

      Multifamily property in Vallejo with high rental income potential.
      1158 Louisiana St, Vallejo, CA 94590
      View Details
    • $998,000
      4,110 SF

      Vallejo Mixed-Use Investment Opportunity

      Five-unit mixed-use property with retail and residential units in Vallejo.
      539-543 Georgia St, Vallejo, CA 94590
      View Details

    FAQs

    What type of property is this?
    Apartment building - Professionally managed 8-unit apartment complex in the heart of East Vallejo.
    Where is this apartment building located?
    The property is located at 102 Avian 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: Professionally managed 8‑unit apartment complex - rare investment opportunity.; Townhome‑style residences with **modern kitchens featuring quartz countertops and stainless steel appliances.**; **Two‑level layouts with oversized living rooms and private balconies offering scenic views.**
    (510) 222-0900
    We can help!
    Listing Contact
    BRIAN BANIQUED
    BRIAN BANIQUED
    Real Estate License ID: 01104388
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    102 Avian, VALLEJO, CA 94591
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!