Vallejo Triplex with Rental
926 Georgia St Vallejo, CA 94590
926 Georgia St, Vallejo, CA, 94590
$749,000
For Sale
$749,000
Three-unit apartment complex in high-demand rental location.
Property Size3,180 SF
Lot Size0.14 Acres
Price / SF$235.53
Days on Market89
Property Features for 926 Georgia St
General Information
- Standard status
- Active
- Size
- 3,180 SF
- Lot size
- 0.14 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1925
Listing agency
The Pinza Group Inc
(510) 822-1331
Listed by
David Howarth · License #01360348
(510) 822-1331
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 1:28PM Checked: Jul 21 at 5:07AM
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 The Pinza Group Inc
Investment Insights
Based on property information with market context.
This three-unit apartment complex features one large two-bedroom, one-bathroom top unit and two one-bedroom, one-bathroom lower units. Built in 1925, the property offers approximately 3,180 square feet of living space on a 6,240 square foot lot. The units have been updated with newer cabinets and countertops, wood floors, stainless steel appliances, custom lighting and molding, and in-unit laundry. The property is separately metered for electric and gas. Parking is available for three cars, and there is a large landscaped backyard. One unit will be delivered vacant at closing. The property is located within walking distance to many restaurants, coffee shops, and grocery stores in the Historic District and a short distance to the Mare Island waterfront and Vallejo marina. The location has a bike score of 23, walk score of 47, and transit score of 32.
Key Highlights
- Strong cash flow with a 5.95% cap rate and 11.82 GRM.
- One unit delivered vacant, ideal for owner‑occupancy.
- Updated units feature newer cabinets, countertops, wood floors, stainless steel appliances, custom lighting, and in‑unit laundry.
Local Financial Insights For Multifamily LT 5
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 | $93.5k | $29.40 |
| − Vacancy | −$5.1k | −$1.62 |
| EGI | $88.3k | $27.78 |
| − OpEx | −$26.5k | −$8.33 |
| NOI | $61.8k | $19.45 |
3,180 SF · lease $29.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$883.5K
$773.1K – $1.03M
NOI $61,845 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$793.5K
$694.3K – $925.8K
NOI $55,546 @ 7.0% cap · market cap 7.42%
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,336 @ 7.0% cap · market cap 14.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit apartment complex in high-demand rental location.
Where is this triplex located?
The property is located at 926 Georgia St Vallejo, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Strong cash flow with a 5.95% cap rate and 11.82 GRM.; One unit delivered vacant, ideal for owner‑occupancy.; **Updated units feature newer cabinets, countertops, wood floors, stainless steel appliances, custom lighting, and in‑unit laundry.**
