926 Georgia St, Vallejo, CA 94590

Building Details

Year Built 1925 More

Listing Agency: The Pinza Group, Inc Show Phone

Listed By: David Howarth · License #01360348 Show Phone

Source: Exitrealty

Added: Apr 24 Changed: Nov 4 Last Checked: Nov 4 at 11:57AM

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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 The Pinza Group, Inc

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Investment Insights

Based on property information with market context.

This three-unit apartment complex features one large two-bedroom, one-bathroom top unit and two one-bedroom, one-bathroom lower units. Built in 1925, the property offers approximately 3,180 square feet of living space on a 6,240 square foot lot. The units have been updated with newer cabinets and countertops, wood floors, stainless steel appliances, custom lighting and molding, and in-unit laundry. The property is separately metered for electric and gas. Parking is available for three cars, and there is a large landscaped backyard. One unit will be delivered vacant at closing. The property is located within walking distance to many restaurants, coffee shops, and grocery stores in the Historic District and a short distance to the Mare Island waterfront and Vallejo marina. The location has a bike score of 23, walk score of 47, and transit score of 32.

Key Highlights

• Strong cash flow with a 5.95% cap rate and 11.82 GRM.
• One unit delivered vacant, ideal for owner‑occupancy.
• Updated units feature newer cabinets, countertops, wood floors, stainless steel appliances, custom lighting, and in‑unit laundry.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,845

Cap Rate

8.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,236,900 $1.2M

Cap Rate 7%

$883,500 $883.5K

Cap Rate 9%

$687,167 $687.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,180 SF

Gross rent

$93.5K $29.40/SF

− Vacancy

−$5.1K −$1.62/SF

EGI

$88.3K $27.78/SF

− OpEx

−$26.5K −$8.33/SF

NOI

$61.8K $19.45/SF

Area

Vallejo, CA

Vacancy

5.50%

Lease Rate

$29.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,236,900

Cap Rate 7%

$883,500

Cap Rate 9%

$687,167

Alternative Uses

Best Use

Multifamily LT 5

$883.5K

$773.1K – $1.03M (±1% cap)

NOI $61,845 @ 7.0% cap · market cap 8.26%

Second Best

Apartment 5plus

$793.5K

$694.3K – $925.8K (±1% cap)

NOI $55,546 @ 7.0% cap · market cap 7.42%

Theoretical Best

Office A

$1.55M

$1.35M – $1.81M (±1% cap)

NOI $108,336 @ 7.0% cap · market cap 14.46%

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

Property Analytics

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Open Analytics

Location Intelligence

Trade Area within ½ mile

2,071

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 - Three-unit apartment complex in high-demand rental location.

Where is this triplex located?

The property is located at 926 Georgia St Vallejo, CA.

What is the asking price?

The asking price for this property is $749,000.

What are key features of this property?

This property features: Strong cash flow with a 5.95% cap rate and 11.82 GRM.; One unit delivered vacant, ideal for owner‑occupancy.; Updated units feature newer cabinets, countertops, wood floors, stainless steel appliances, custom lighting, and in‑unit laundry.**