Property Details
About this Property
Three new homes built in 2024 with excellent cash flow and long-term upside! The current cap rate is 6.27% and the current GRM is 12.24. Each house offers 3 bedrooms and 2 bathrooms and 1,500 square feet of rental space with attached garage parking and nice yards. Each house offers remodeled kitchens and bathrooms, new electrical, new plumbing, new roofs, upgraded flooring, paint, lighting and more. Currently, two homes are rented at top market rates and one home will be delivered vacant at the close of escrow making a perfect set-up for an owner-occupant. The property is easy to manage and separately metered for PG&E and water providing for low annual operating expenses. The exterior and interior are in excellent condition with no deferred maintenance resulting in an attractive turn-key investment for the next owner. This is a high demand rental location near numerous restaurants, shopping centers, and schools. Nearby is the Dead Fish restaurant, the Brewery and Distillery on Mare Island, the Ferry to San Francisco, Sausalito and Tiburon, and only 14 miles to the Napa wineries.
MLS Listing Information
MLS #
EB41122404
MLS Source
Bridge MLS
Days on Site
0
Interior Features
Appliances
Other
Flooring
Wood
Cooling
Other
Heating
Other
Parking, School, and Other Information
Garage/Parking
Attached Garage, Covered Parking, Guest / Visitor Parking, Garage: Car(s)
Water
Public
Complex Amenities
Other
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,500 | 3 | 0/0 | – |
| 2 | 1,500 | 3 | 0/0 | – |
| 3 | 1,500 | 3 | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
51 Mendocino St is a Triplex in Vallejo, CA 94590. This 4,500 square foot property sits on a 6,500 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,495,000 and was built in 2024. This address can also be written as 51 Mendocino St, Vallejo, CA 94590.
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This listing information is up-to-date as of January 29, 2026. For the most current information, please contact David Howarth, (510) 822-1331
