Building Details

Building Size 4,805 SF

Year Built 1910

Units 3

Listing Agency: Twin Oaks Real Estate Inc

Listed By: Krystle Karimian · License #01715705 Show Phone

Source: Elliman

Added: Oct 2 Changed: Oct 14 Last Checked: Oct 15 at 2:18AM

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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 Twin Oaks Real Estate Inc

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Investment Insights

Based on property information with market context.

This three-unit property in Vallejo includes a two-story Victorian residence built in 1910, a lower-level flat, and a separate cottage. The main home has four bedrooms and two bathrooms; the lower flat also has four bedrooms and two bathrooms, while the cottage has three bedrooms and two bathrooms. Each unit has its own laundry room, and water, gas, and electricity are individually metered. Two of the three units are currently rented.

The property reports a 6% cap rate and an 11.33 gross rent multiplier.

Key Highlights

• Three residences: a 4‑bedroom, 2‑bathroom main home, a 4‑bedroom, 2‑bathroom lower flat, and a 3‑bedroom, 2‑bathroom cottage
• Two of the three units are currently rented
• Water, gas, and electricity are separately metered for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$83,930

Cap Rate

9.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,678,600 $1.7M

Cap Rate 7%

$1,199,000 $1.2M

Cap Rate 9%

$932,556 $932.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,805 SF

Gross rent

$160.3K $33.36/SF

− Vacancy

−$7.7K −$1.60/SF

EGI

$152.6K $31.76/SF

− OpEx

−$68.7K −$14.29/SF

NOI

$83.9K $17.47/SF

Area

Vallejo, CA

Vacancy

4.80%

Lease Rate

$33.36 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,678,600

Cap Rate 7%

$1,199,000

Cap Rate 9%

$932,556

Alternative Uses

Best Use

Multifamily LT 5

$1.33M

$1.17M – $1.56M (±1% cap)

NOI $93,448 @ 7.0% cap · market cap 10.10%

Second Best

Apartment 5plus

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $83,930 @ 7.0% cap · market cap 9.07%

Theoretical Best

Office A

$2.34M

$2.05M – $2.73M (±1% cap)

NOI $163,697 @ 7.0% cap · market cap 17.70%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Locksmith Veterinary Clinic Florist Pharmacy Electrical Service

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

Lease Details

3

Residential units

66.7%

Occupancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1,563

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

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Two apartments are leased, and every residence has separate water, gas, and electric meters.

Where is this triplex located?

The property is located at 329 El Dorado St Vallejo, CA.

What is the asking price?

The asking price for this property is $925,000.

What are key features of this property?

This property features: Three residences: a 4‑bedroom, 2‑bathroom main home, a 4‑bedroom, 2‑bathroom lower flat, and a 3‑bedroom, 2‑bathroom cottage; Two of the three units are currently rented; Water, gas, and electricity are separately metered for each unit