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    OFF-MARKET
    Land

    0 Carolina St Vallejo, CA 94591

    0.15 ac lot
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    Property summary
    AI-generated overview

    Exceptional value-add opportunity awaits in Vallejo's Historic District. This nearly level 0.15-acre (6,500 sq ft) lot at 0 Carolina St, Vallejo, CA 94591 (APN 0056-134-140) offers fully entitled plans for a five-unit multi-family building. The approved plans detail five two-bedroom, one-bathroom units, each with a private balcony. Two units are ADA compliant. Construction drawings are nearing final approval, making this a nearly shovel-ready project. The planned building will encompass 8,504 square feet, representing a significant land value of $76 per square foot. This prime location presents an excellent opportunity for developers seeking a streamlined path to a profitable multi-family development. The asking price is $495,000. Don't miss this chance to capitalize on this exceptional value-add opportunity in a desirable area.

    Property profile
    Verified
    Property type Land
    Lot 0.15 ac (6,534 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
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    Permitted uses
    Allowed · conditional · prohibited
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    Carolina St, Vallejo, CA, 94591
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