110 Hilborn St Vallejo, CA 94590

This exceptional multifamily investment opportunity presents a 9-unit apartment building situated in the desirable Vallejo Heights neighborhood of Vallejo, California. The property, located at 110 Hilborn St, 94590, comprises two 2-story buildings totaling 6,037 square feet on a 0.34-acre lot. Built in 1955, the complex includes four one-bedroom/one-bathroom units, four two-bedroom/one-bathroom units, and a single two-bedroom/one-bathroom single-family residence with a garage and yard. Each unit features a tuck-under parking space and a private storage area. Tenant amenities include an on-site laundry facility. Recent upgrades include updated kitchens, flooring, bathrooms, and paint throughout the units. The exterior of the main building received a fresh coat of paint within the last six months, and the single-family home has undergone extensive renovations in the past year, including a new kitchen, flooring, bathroom, fence, and landscaping. The property boasts elevated west-facing views of the Napa River and Vallejo waterfront. The current rent roll reflects a 7.06% capitalization rate and a 9.56 gross rent multiplier. The asking price is $2,045,000, representing a price per unit of $227,222 and a price per square foot of $338.74. This property offers a compelling combination of strong cash flow, desirable location, and recent improvements, making it an attractive investment opportunity.