Mixed-Use Income
For Sale
$950,000
2630 Solano Ave, Vallejo, CA 94590
Property includes two residential units and two commercial units on the same lot, with one commercial unit vacant.
Property Size3,983 SF
Price / SF$238.51
Days on Market122
Property Features for 2630 Solano Ave
General Information
Standard status
Active
Size
3,983 SF
Additional Details
Road Access
Yes
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Century 21 Masters
(415) 517-2828
Listed By:
Sunny S. Lau · License #01348288
(415) 517-2828
Source:
Exprealty
Added: Apr 1
Changed: Jul 29
Last Checked: Jul 30 at 2:52PM
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 Masters
Investment Insights
Based on property information with market context.
This mixed-use income property offers two residential units and two commercial units on the same lot. Each residential unit is configured with 2 bedrooms and 1 bath. The commercial component includes one vacant unit and one leased unit.
The residential units are described as located on Indiana Street, while the commercial units are described as being on Solano Blvd. The public remarks indicate the Solano Blvd side is on a busy corridor.
Overall, the property provides a combined residential and commercial rental setup with both occupied and vacant space within the same ownership footprint.
The residential units are described as located on Indiana Street, while the commercial units are described as being on Solano Blvd. The public remarks indicate the Solano Blvd side is on a busy corridor.
Overall, the property provides a combined residential and commercial rental setup with both occupied and vacant space within the same ownership footprint.
Key Highlights
- Own 2 properties on one lot with two residential units and two commercial units
- Two residential units on Indiana Street, each offering 2 bedrooms and 1 bathroom
- Two commercial units on Solano Blvd, with one vacant unit and one leased unit
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 | $117.1k | $29.40 |
| − Vacancy | −$6.4k | −$1.62 |
| EGI | $110.7k | $27.78 |
| − OpEx | −$33.2k | −$8.33 |
| NOI | $77.5k | $19.45 |
3,983 SF · lease $29.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$968.3K – $1.29M
NOI $77,462 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$993.9K
$869.7K – $1.16M
NOI $69,572 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,693 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,463
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Property includes two residential units and two commercial units on the same lot, with one commercial unit vacant.
Where is this duplex located?
The property is located at 2630 Solano Ave Vallejo, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Own 2 properties on one lot with two residential units and two commercial units; Two residential units on Indiana Street, each offering 2 bedrooms and 1 bathroom; Two commercial units on Solano Blvd, with one vacant unit and one leased unit
