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Income Property in Old City
For Sale
$838,000

315 Evans Ave, Vallejo, CA 94590

Two homes on one lot in Vallejo's Old City.

Property Size3,000 SF
Price / SF$838
Days on Market130

Property Features for 315 Evans Ave

General Information

Standard status Active
Size 3,000 SF
Property subtype Investment
Lease Term 12 months

Taxes and HOA fees

Annual Taxes $8,719

Building Details

Building Size 3,000 SF
Year Built 1921
Listing Agency: Reena Loans & Real Estate
Listed By: Reena Paleja · License #01133785
Source: Elliman
Added: Apr 24 Changed: Aug 8 Last Checked: Aug 8 at 6:54AM

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 Reena Loans & Real Estate

Investment Insights

Based on property information with market context.

Located in Old City Vallejo, this property presents an investment opportunity with two separate homes on one lot. The front home is approximately 1,000 square feet and features 3 bedrooms and 1 bathroom. The rear structure includes multiple living areas, with a 3-bedroom, 2-bath layout on the first floor, a 3-bedroom, 1-bath layout on the second-floor front, and a studio at the rear. The property has separate gas and electric meters and one shared water meter. A long driveway provides parking for multiple vehicles. The location is near transportation, shopping, and commuter routes. The property is suitable for investors seeking multi-unit income or owner-occupants looking to live in one unit while renting the others.

Key Highlights

  • Two separate homes on one lot offer flexible living and investment potential.
  • Income‑producing property ideal for investors seeking multi‑unit income.
  • Potential for owner‑occupants to live in one unit and rent the others to offset expenses.

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Electrical Service Computer & Electronic Repair (Bike/Boat/Book/etc) Store Tech Support Center Butcher Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

609
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Two homes on one lot in Vallejo's Old City.
Where is this multifamily property located?
The property is located at 315 Evans Ave Vallejo, CA.
What is the asking price?
The asking price for this property is $838,000.
What are key features of this property?
This property features: Two separate homes on one lot offer flexible living and investment potential.; Income‑producing property ideal for investors seeking multi‑unit income.; Potential for owner‑occupants to live in one unit and rent the others to offset expenses.
More about this property
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