329 El Dorado St, Vallejo, CA 94590

Property Description

Rare Vallejo income property with water views, historic character, and immediate rental income. This unique three-unit property is anchored by a spacious circa-1910 Victorian-era residence featuring classic period charm with Queen Anne and Colonial Revival influences. The impressive two-story main residence offers 4 bedrooms and 2 bathrooms, beautiful water views, a traditional parlor, a Murphy bed, and remodeled kitchen and bathrooms that blend modern comfort with vintage character. The lower flat is also generously sized with 4 bedrooms and 2 bathrooms and includes valuable off-street parking, all newer modern upgrades and appliances, newer flooring throughout, full bath that is fully remodeled with gorgeous tile, walk in shower, large bedrooms with lots of windows, indoor laundry room with full size hook ups. A separate cottage-style residence offers 3 bedrooms and 2 bathrooms, creating additional flexibility for rental income, extended family or future owner use. With two of the three units currently rented, the property provides immediate income while still offering endless opportunities to live in 1 unit and rent the others and take advantage of great financing opportunities. Ideally suited for an owner-occupant, investor or multi-generational buyer seeking a distinctive property with character, space, and multiple income streams in an established Vallejo neighborhood. Each unit is individually metered for water, gas and electricity. A rare opportunity to own multi units with seperate laundry rooms for each tenant and leases in which tenants pay for their own utilities. 6% cap rate and 11.33 gross rent multiplier.