East Vallejo Multifamily Investment
For Sale
$2,100,000
102 Avian Dr, Vallejo, CA 94591
Professionally managed 8-unit apartment complex in desirable Granada Hills.
Property Size8,208 SF
Price / SF$255.85
Days on Market271
Property Features for 102 Avian Dr
General Information
Standard status
Active
Size
8,208 SF
Property subtype
Multi Family
Building Details
Year Built
1968
Listing Agency:
BCRE
(510) 222-0900
Listed By:
Brian Baniqued · License #01104388
(510) 851-2748
Source:
Exitrealty
Added: Feb 9
Changed: Oct 25
Last Checked: Oct 19 at 5:30AM
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
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Investment Insights
Based on property information with market context.
This professionally managed 8-unit apartment complex is located in East Vallejo, in the Granada Hills neighborhood. 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. The property is located moments from local shops, small diners, and San Pablo Bay. It is positioned for commuters, approximately one hour from both San Francisco and Sacramento. The property has a bike score of 52, indicating it is bikeable. The walk score is 66, indicating it is somewhat walkable, and the transit score is 27, indicating some transit options are available. This income property offers city living.
Key Highlights
- Professionally managed 8‑unit apartment complex
- Townhome‑style residences with two‑level layouts
- Updated modern kitchens with quartz countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,372
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,867,440
$2.9M
Cap Rate 7%
$2,048,171
$2.0M
Cap Rate 9%
$1,593,022
$1.6M
Market Conditions
NOI Build-Up for 8,208 SF
Gross rent
$273.8K $33.36/SF
− Vacancy
−$13.1K −$1.60/SF
EGI
$260.7K $31.76/SF
− OpEx
−$117.3K −$14.29/SF
NOI
$143.4K $17.47/SF
Area
Vallejo, CA
Vacancy
4.80%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,867,440
Cap Rate 7%
$2,048,171
Cap Rate 9%
$1,593,022
Alternative Uses
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 authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
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Business Placement
Demographics for 94591, CA
56,305
Population
20,543
Households
2.7
Avg Household Size
42
Median Age
31%
College-Educated
89%
High-School Grad
21.1 sq mi
ZIP Area
2,668
Density / Sq Mi
$107,849
Median Household Income
$50,607
Median Earnings
$2,218
Median Rent
$602,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Professionally managed 8-unit apartment complex in desirable Granada Hills.
Where is this apartment building located?
The property is located at 102 Avian Dr 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; Townhome‑style residences with two‑level layouts; Updated modern kitchens with quartz countertops and stainless steel appliances
