To access marketing package copy/paste: https://bit.ly/kitehillre. Discover a prime investment opportunity in Old City Vallejo with this exceptional apartment building, offering four spacious 3-bedroom, 1-bath units. With a total of 3,472 square feet of living space on a generous 6,509 square foot lot, this property generates a strong rental income of $8,084 monthly and $97,008 annually, ensuring a steady and reliable cash flow. The impressive financial metrics, including a Gross Rent Multiplier (GRM) of 10.26 and a cap rate of 6.03%, highlight its potential for a solid return on investment. Located in the historic and vibrant Old City Vallejo, this property benefits from proximity to essential amenities and transportation. Tenants enjoy easy access to public transit, major highways, and ferry services to San Francisco, making it an attractive option for a diverse tenant base. The neighborhood's ongoing revitalization efforts, including downtown and waterfront projects, further enhance the property’s value and appeal. Investing in this apartment building not only secures a stable income but also positions investors to capitalize on the area's growth and development, minimizing vacancy risks and ensuring consistent rental demand.
Multi-familyProperty Type
1967Year Built
6,509 sq ftLot Size
$287Est. Price/Sq.Ft.
Listed by Jatin Mehta•DRE #02045713• Pellego
Listed by Jonathan Guevarra•DRE #02198522• Pellego
Bought with Jonathan Guevarra•DRE #02198522• Pellego
Bought with Jatin Mehta•DRE #02045713• Kite Hill Real Estate
bridgeMLS, Bay East AOR, or Contra Costa AOR #41071164
Oct 18, 2024
Sold
$930,000
$268/sq ft
Sep 17, 2024
Pending
—
Aug 27, 2024
Listed
$995,000
$287/sq ft
Public Records
Feb 27, 2013
Sold
$410,000
$118/sq ft
Public Records
Dec 28, 2012
Sold
$205,000
$59/sq ft
Public Records
Sep 9, 2003
Sold
$515,000
$148/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$15,326 (+54.6%)
$285,600 + $663,000
$948,600
2024
$9,911 (+8.1%)
$280,000 + $650,000
$930,000
2023
$9,170 (+4.2%)
$42,250 + $452,725
$494,975
2022
$8,798 (+3.0%)
$41,422 + $443,849
$485,271
2021
$8,544 (+0.5%)
$40,610 + $435,147
$475,757
2020
$8,499 (+4.2%)
$39,814 + $426,615
$466,429
2019
$8,156 (+7.7%)
$39,406 + $422,241
$461,647
2018
$7,570 (+5.9%)
$38,634 + $413,962
$452,596
2017
$7,147 (+43.1%)
$37,135 + $397,889
$435,024
2016
$4,993 (+1.3%)
$37,135 + $397,889
$435,024
2015
$4,929 (+1.4%)
$36,407 + $390,088
$426,495
2014
$4,862 (+69.2%)
$35,159 + $376,703
$411,862
2012
$2,873 (−3.1%)
$35,000 + $170,000
$205,000
2011
$2,966 (−1.0%)
$62,000 + $178,000
$240,000
2010
$2,998 (+2.2%)
$70,000 + $190,000
$260,000
2009
$2,933 (−49.2%)
$70,000 + $190,000
$260,000
2008
$5,771
$70,000 + $190,000
$260,000
Tax history for 804 Springs
Year
Property tax
Land + Additions
Assessment*
2025
$15,326 (+54.6%)
$285,600 + $663,000
$948,600
2024
$9,911 (+8.1%)
$280,000 + $650,000
$930,000
2023
$9,170 (+4.2%)
$42,250 + $452,725
$494,975
2022
$8,798 (+3.0%)
$41,422 + $443,849
$485,271
2021
$8,544 (+0.5%)
$40,610 + $435,147
$475,757
2020
$8,499 (+4.2%)
$39,814 + $426,615
$466,429
2019
$8,156 (+7.7%)
$39,406 + $422,241
$461,647
2018
$7,570 (+5.9%)
$38,634 + $413,962
$452,596
2017
$7,147 (+43.1%)
$37,135 + $397,889
$435,024
2016
$4,993 (+1.3%)
$37,135 + $397,889
$435,024
2015
$4,929 (+1.4%)
$36,407 + $390,088
$426,495
2014
$4,862 (+69.2%)
$35,159 + $376,703
$411,862
2012
$2,873 (−3.1%)
$35,000 + $170,000
$205,000
2011
$2,966 (−1.0%)
$62,000 + $178,000
$240,000
2010
$2,998 (+2.2%)
$70,000 + $190,000
$260,000
2009
$2,933 (−49.2%)
$70,000 + $190,000
$260,000
2008
$5,771
$70,000 + $190,000
$260,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
6,509 Sq. Ft.
Year renovated
—
Sq. Ft.
3,472
Year built
1967
Style
Multi-Family (2-4 Unit)
County
Solano County
APN
0057122020
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 28, 2026.
RMD
Residential Medium Density District
The RMD Zoning District is intended to create and establish regulations for a district with a mix of housing types, including attached and detached, and small apartment buildings, subject to density limits (up to 25 du per acre) and design and development standards to ensure land use compatibility. Mixed-use development with residential and small commercial spaces may also be seen in this district. This district also allows a variety of neighborhood supportive services, public and educational facilities, open spaces and community facilities. Front, corner side, and rear yards are required, and zero-side yard development is permitted subject to discretionary review. In the established neighborhoods of the city, it is the intent of this district to maintain the existing pattern of single-family residences, including attached units and duplexes, while in the undeveloped areas of the city, it is the intent of this district to encourage the creation of multi-unit residential neighborhoods with a variety of housing types.
Permitted uses
Include but are not limited to:
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Infrastructure
Fire house
Police station
Feb 6, 1968 • Final
Mfr
Construct a new two-story residential building with four apartment units.
New construction
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Total # of Parking Spaces: 6
Interior
Interior Features
Interior Features: Storage
Laundry Features: In Unit
Flooring: Carpet, Wood
Unit 1 Information
Unit 1 # of Bathrooms: 1
Unit 1 Dining Room: No
Unit 1 Air Conditioning: No
Unit 1 Parking Spaces: 1
Unit 2 Information
Unit 2 # of Bathrooms: 1
Unit 2 Dining Room: No
Unit 2 Air Conditioning: No
Unit 2 # of Parking Spaces: 1
Unit 3 Information
Unit 3 # of Bathrooms: 1
Unit 3 Dining Room: No
Unit 3 Air Conditioning: No
Unit 3 # of Parking Spaces: 1
Unit 4 Information
Unit 4 # of Bathrooms: 1
Unit 4 Dining Room: No
Unit 4 Air Conditioning: No
Unit 4 # of Parking Spaces: 1
Multi-Unit Information
Number Of Units Total: 4
Exterior
Building Information
Construction Materials: Wood
Building Area Total: 3,472
Exterior Features
Exterior Features: No Yard
Property Information
Living Area: 3472
Living Area Units: Square Feet
Property Type: Residential Income
Property Sub Type: Quadruplex
Year Built: 1967
Lot Information
Lot Size Square Feet: 6509
Lot Size Area: 0.15
Lot Size Units: Acres
Lot Size Acres: 0.15
Lot Features: Regular, Paved
Utilities
Utility Information
Separate Meter: Electric, Gas, Water
Utilities: Individual Electric Meter, Individual Gas Meter
Heating & Cooling
Has Heating
Heating: Natural Gas
Cooling: No Air Conditioning
Public facts
Beds: —
Baths: —
Sq. Ft.: 3,472
Stories: —
Lot Size: 6,509 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1967
Year Renovated: —
County: Solano County
APN: 0057122020
Home facts updated by county records on Aug 28, 2026
Around this home
Schools
Johnston Cooper Elementary School
Public K-5 • Assigned • 1.4mi
4/10
Hogan Middle School
Public 6-8 • Assigned • 1.0mi
2/10
Vallejo High School
Public 9-12 • Assigned • 0.9mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 93° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
16 unhealthy days expected this year, 17 days in 30 years
Provided by First Street
Historical weather
Vallejo, CA • 94590
Average low and high temperatures (°F)
59
45
62
47
69
51
67
52
71
55
73
57
71
57
78
60
77
60
74
57
63
50
57
47
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 11.4 hours in
June and 4.9 hours in December, placing it above the
U.S. average for solar exposure.
11.4 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$946,000 – $1.15M
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Property information provided by bridgeMLS, Bay East AOR, or Contra Costa AOR when last listed in 2024. This data may not match public records. Learn more.