Four-Unit Quadplex with
For Sale
$725,000
Pending
900 Santa Clara St, Vallejo, CA 94590
Residential income property with shared laundry, off-street parking, and carports.
Property Size3,248 SF
Days on Market48
Property Features for 900 Santa Clara St
General Information
Standard status
Pending
Size
3,248 SF
Property subtype
Investment
Building Details
Building Size
3,248 SF
Year Built
1972
Units
4
Listing Agency:
The Company Real Estate
Listed By:
Shelley Tappin · License #01511617
(707) 704-6345
Source:
Elliman
Added: Aug 2
Changed: Sep 14
Last Checked: Sep 16 at 4:37PM
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 Company Real Estate
Investment Insights
Based on property information with market context.
Built in 1972, this quadplex contains four residential apartments, each measuring approximately 800 square feet with two bedrooms and one bathroom. A coin-operated laundry room serves the property, while off-street parking and carports provide on-site parking options.
Located at 900 Santa Clara St on a corner lot in Vallejo’s Historic District, the property is near the waterfront. The SF Bay Ferry Terminal, year-round Farmer’s Market, downtown Vallejo, and waterfront festivals are all identified as accessible destinations. Walk Score 91, Bike Score 53, and Transit Score 43 provide additional context for local mobility.
Located at 900 Santa Clara St on a corner lot in Vallejo’s Historic District, the property is near the waterfront. The SF Bay Ferry Terminal, year-round Farmer’s Market, downtown Vallejo, and waterfront festivals are all identified as accessible destinations. Walk Score 91, Bike Score 53, and Transit Score 43 provide additional context for local mobility.
Key Highlights
- Four residential units, each with 2 bedrooms and 1 bathroom
- Approximately 800 square feet per unit
- Coin‑operated laundry room on the premises
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
$63,167
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
8.71%
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%
$1,263,340
$1.3M
Cap Rate 7%
$902,386
$902.4K
Cap Rate 9%
$701,856
$701.9K
Market Conditions
NOI Build-Up for 3,248 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
$95.5K $29.40/SF
− Vacancy
−$5.3K −$1.62/SF
EGI
$90.2K $27.78/SF
− OpEx
−$27.1K −$8.33/SF
NOI
$63.2K $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%
$1,263,340
Cap Rate 7%
$902,386
Cap Rate 9%
$701,856
Alternative Uses
Best Use
Multifamily LT 5
$902.4K
$789.6K – $1.05M
NOI $63,167 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$810.5K
$709.2K – $945.6K
NOI $56,734 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,653 @ 7.0% cap · market cap 15.26%
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
1,716
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Residential income property with shared laundry, off-street parking, and carports.
Where is this quadplex located?
The property is located at 900 Santa Clara St Vallejo, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four residential units, each with 2 bedrooms and 1 bathroom; Approximately 800 square feet per unit; Coin‑operated laundry room on the premises
