Remodeled Duplex with Detached
324 Idora Ave Vallejo, CA 94591
324 Idora Ave, Vallejo, CA, 94591
$495,000
For Sale
$495,000
Remodeled duplex includes two detached homes with separate metering for electric and gas.
Property Size1,274 SF
Lot Size0.16 Acres
Price / SF$388.54
Days on Market153
Property Features for 324 Idora Ave
General Information
- Standard status
- Active
- Size
- 1,274 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing agency
The Pinza Group, Inc
(510) 822-1331
Listed by
David Howarth · License #01360348
(510) 822-1331
Source
Exitrealty
Added: Feb 20 Updated: Jul 22 at 5:07PM Checked: Jul 22 at 5:07PM
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 remodeled duplex features two detached homes: one 2 bed/1 bath unit and one 1 bed/1 bath unit. The property totals approximately 1,274 square feet of rental space and was originally built in 1930. Updates over time include updated kitchens and bathrooms, wood floors, newer paint, custom lighting and molding, and double-pane windows.
Set on a 6,969 square foot lot, the duplex includes a large back yard and ample parking. The homes are separately metered for electric and gas, which supports low annual operating expenses. The back house will be delivered vacant at close of escrow.
The current configuration offers two separate residences within the duplex structure, making it well-suited to an owner-occupant plan where one unit can be lived in while the other provides rental income.
Set on a 6,969 square foot lot, the duplex includes a large back yard and ample parking. The homes are separately metered for electric and gas, which supports low annual operating expenses. The back house will be delivered vacant at close of escrow.
The current configuration offers two separate residences within the duplex structure, making it well-suited to an owner-occupant plan where one unit can be lived in while the other provides rental income.
Key Highlights
- Remodeled duplex with two detached homes: one 2BD/1BA unit and one 1BD/1BA unit
- Built in 1930 and offers approx. 1,274 SF of rental space on a 6,969 SF lot with a large back yard
- Back house delivered vacant at close of escrow, offering setup for an owner‑occupant
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 | $37.5k | $29.40 |
| − Vacancy | −$2.1k | −$1.62 |
| EGI | $35.4k | $27.78 |
| − OpEx | −$10.6k | −$8.33 |
| NOI | $24.8k | $19.45 |
1,274 SF · lease $29.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$354.0K
$309.7K – $413.0K
NOI $24,777 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$317.9K
$278.2K – $370.9K
NOI $22,253 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$620.0K
$542.5K – $723.4K
NOI $43,403 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Remodeled duplex includes two detached homes with separate metering for electric and gas.
Where is this duplex located?
The property is located at 324 Idora Ave Vallejo, CA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Remodeled duplex with two detached homes: one 2BD/1BA unit and one 1BD/1BA unit; Built in 1930 and offers approx. 1,274 SF of rental space on a 6,969 SF lot with a large back yard; Back house delivered vacant at close of escrow, offering setup for an owner‑occupant
