- 9 Beds
- 6 Baths
- .15 Acres
- 72 DOM
51 Mendocino St
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.
Essential Information
- MLS® #41122404
- Price$1,495,000
- Bedrooms9
- Bathrooms6.00
- Acres0.15
- Year Built2024
- TypeResidential Income
- Sub-TypeTriplex
- StatusActive
Community Information
- Address51 Mendocino St
- SubdivisionVALLEJO HEIGHTS
- CityVallejo
- CountySolano
- Zip Code94590
Amenities
- Parking Spaces6
- ParkingGarage, Covered, Guest
- GaragesGarage, Covered, Guest
Interior
- InteriorWood
- HeatingSee Remarks
- CoolingSee Remarks
Exterior
- ExteriorSee Remarks
- ConstructionSee Remarks
Additional Information
- Date ListedJanuary 29th, 2026
- Days on Market72
Listing Details
- AgentDavid Howarth
- OfficeThe Pinza Group, Inc
David Howarth, The Pinza Group, Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of April 11th, 2026 at 4:45pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.