Renovated Six-Unit Apartment
For Sale
$1,600,000
541-545 Admiral Callaghan Lane, Vallejo, CA 94591
Updated interiors include quartz countertops, newer appliances, and refreshed bathrooms.
Property Size4,960 SF
Price / SF$322.58
Days on Market48
Property Features for 541-545 Admiral Callaghan Lane
General Information
Standard status
Active
Size
4,960 SF
Property subtype
Multi Family
Occupancy
67%
Financials
Asking Price
$1,600,000
Cap Rate
7.61%
Units
Unit Mix
4 x 1,000 SF 2BR/1BA, 2 x 1,300 SF 2BR/1.5BA
Multifamily Units
6
Building Details
Year Built
1960
Listing Agency:
Corcoran Icon Properties
Listed By:
Steve Belluomini · License #01095848
(650) 207-5253
Source:
Exitrealty
Added: Aug 30
Changed: Oct 3
Last Checked: Oct 4 at 7:42AM
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 Corcoran Icon Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This six-unit apartment property at 541-545 Admiral Callaghan Ln in Vallejo, California, contains approximately 6,600 square feet and was built in 1960. The unit mix includes four approximately 1,000-square-foot two-bedroom, one-bath apartments and two approximately 1,300-square-foot, two-bedroom, one-and-a-half-bath townhome-style units. Five units have undergone substantial renovation, with improvements including quartz countertops, white wood cabinetry, waterproof vinyl flooring, newer appliances, washers and dryers, refreshed bathrooms, and updated finishes. The two-story units also include dishwashers.
Building and site work includes upgraded electrical panels and breakers, newer water heaters, dual-pane windows, driveway and asphalt improvements, drainage work, and refreshed carports. Four of the six units are occupied, while two are vacant. There are no tenant delinquencies, evictions, or pending notices to vacate. Tenants pay PG&E and internet; ownership pays water, sewer, and garbage. Initial six-month leases transition to month-to-month tenancy.
Building and site work includes upgraded electrical panels and breakers, newer water heaters, dual-pane windows, driveway and asphalt improvements, drainage work, and refreshed carports. Four of the six units are occupied, while two are vacant. There are no tenant delinquencies, evictions, or pending notices to vacate. Tenants pay PG&E and internet; ownership pays water, sewer, and garbage. Initial six-month leases transition to month-to-month tenancy.
Key Highlights
- Six‑unit apartment property with approximately 6,600 square feet
- Four approximately 1,000‑square‑foot two‑bedroom units and two approximately 1,300‑square‑foot townhome‑style units
- Five of six units substantially renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,638
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,732,760
$1.7M
Cap Rate 7%
$1,237,686
$1.2M
Cap Rate 9%
$962,644
$962.6K
Market Conditions
NOI Build-Up for 4,960 SF
Gross rent
$165.5K $33.36/SF
− Vacancy
−$7.9K −$1.60/SF
EGI
$157.5K $31.76/SF
− OpEx
−$70.9K −$14.29/SF
NOI
$86.6K $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%
$1,732,760
Cap Rate 7%
$1,237,686
Cap Rate 9%
$962,644
Alternative Uses
Best Use
Apartment 5plus
$1.24M
$1.08M – $1.44M
NOI $86,638 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.82M
NOI $168,977 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Residential units
66.7%
Occupancy
Location Intelligence
Trade Area within ½ mile
485
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
Frequently Asked Questions
What type of property is this?
Apartment building - Updated interiors include quartz countertops, newer appliances, and refreshed bathrooms.
Where is this apartment building located?
The property is located at 541-545 Admiral Callaghan Lane Vallejo, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Six‑unit apartment property with approximately 6,600 square feet; Four approximately 1,000‑square‑foot two‑bedroom units and two approximately 1,300‑square‑foot townhome‑style units; Five of six units substantially renovated
