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+19255500796
Team Temby Properties, Inc.
531 Georgia St, Vallejo, CA 94590
- $829,999
- 4,269
- SqFt
- List Price
- $829,999
- Status
- ACTIVE
- MLS#
- 41148291
- Days on Market
- 42
- Property Type
- Triplex
- Living Area
- 4,269
- Lot Size
- 6,500
- Lot Description
- See Remarks
- Subdivision
- Old Town
Property Description
Excellent multi-family / residential income investment opportunity in the heart of downtown Vallejo! This 4,269 SF 3-unit mixed-use building at 531-537 Georgia St features 3 fully leased income-generating units at 100% occupancy, offering immediate, stable cash flow with upside potential. Built in 1930 and renovated in 2023, the property has been meticulously maintained with a newer roof (~5 years old), upgraded electrical capacity with PG&E (including new exterior panels), new gutters, and fresh exterior paint. Unit 537 features additional high-value upgrades including new split HVAC, new flooring, and a new electrical subpanel. Zoned DMX (Downtown Mixed Use), the property offers high-density residential and commercial flexibility on a 6,500 SF lot complete with off-street rear parking plus ample street parking. Prime location just half a block from Old Town Vallejo, moments from the Farmers Market, Empress Theatre, and Georgia Street corridor. Current Cap Rate 6.72%, Pro Forma 6.88%. Buyer to verify all measurements, income, expenses, and zoning uses
Additional Information
- Year Built
- 1930
- Acres
- 0.15
- Flooring
- Laminate, Tile, Other
- Exterior
- Stucco
- Garage Description
- See Remarks
- Basement
- None
- Cooling
- Heat Pump
- Heating
- Other
- Parking Description
- See Remarks
- Yard Description
- See Remarks
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Listing courtesy of Brian Baniqued from Bcre
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. Date and time last updated: Website provided by: Real Geeks LLC