4-Unit Apartment
For Sale
Contact for pricing
200 Westwood St. Vallejo, Vallejo, CA 94591
Fully occupied multifamily property with four two-bedroom residences, resident parking, and established market-rate rents.
Property Size3,896 SF
Price / SF$243.58
Days on Market147
Property Features for 200 Westwood St. Vallejo
General Information
Standard status
Active
Size
3,896 SF
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$51,894
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Building Details
Year Built
1965
Buildings
1
Stories
2
Listing Agency:
Century 21 Real Estate Alliance Castro Valley
Listed By:
John Morra · License #CA01884598
Source:
Crexi
Added: Apr 8
Changed: Aug 29
Last Checked: Aug 31 at 4:09AM
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 Century 21 Real Estate Alliance Castro Valley
Investment Insights
Based on property information with market context.
This 3,896-square-foot multifamily property contains four two-bedroom, one-bathroom units, each with a functional residential layout. Built in 1965, the property includes a carport and additional off-street parking. All units are occupied, with market-rate rents currently in place.
The property is located in East Vallejo near schools, parks, shopping centers, and dining options. Interstate 80 provides access to Napa, Fairfield, and the greater Bay Area. Interior showings are restricted until an accepted offer, with offers subject to inspection.
The property is located in East Vallejo near schools, parks, shopping centers, and dining options. Interstate 80 provides access to Napa, Fairfield, and the greater Bay Area. Interior showings are restricted until an accepted offer, with offers subject to inspection.
Key Highlights
- Four 2‑bedroom, 1‑bath units
- 3,896 SF multifamily property
- Fully occupied with market‑rate rents in place
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
$75,770
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
7.98%
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%
$1,515,400
$1.5M
Cap Rate 7%
$1,082,429
$1.1M
Cap Rate 9%
$841,889
$841.9K
Market Conditions
NOI Build-Up for 3,896 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
$114.5K $29.40/SF
− Vacancy
−$6.3K −$1.62/SF
EGI
$108.2K $27.78/SF
− OpEx
−$32.5K −$8.33/SF
NOI
$75.8K $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%
$1,515,400
Cap Rate 7%
$1,082,429
Cap Rate 9%
$841,889
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$947.1K – $1.26M
NOI $75,770 @ 7.0% cap · market cap 7.98%
Second Best
Apartment 5plus
$972.2K
$850.7K – $1.13M
NOI $68,053 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$1.90M
$1.66M – $2.21M
NOI $132,729 @ 7.0% cap · market cap 13.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily property with four two-bedroom residences, resident parking, and established market-rate rents.
Where is this quadplex located?
The property is located at 200 Westwood St. Vallejo Vallejo, CA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units; 3,896 SF multifamily property; Fully occupied with market‑rate rents in place
