470 Wilson Ave · Vallejo, CA 94590

$1,500,000

60 bd · 12.0 ba · — sqft · MultiFamily · 357 Days on market

Built 1924 8,442 sqft lot

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.7/10.0
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 6 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

470-480 Wilson Avenue is a 6-unit multifamily property on a picturesque 8,440 square foot lot with waterfront bay views, comprising four two-bedroom units and two one-bedroom units in Vallejo, California, strategically located on the eastern side of Wilson Avenue with convenient access to local freeways and the bustling Mare Island mixed use complex. The property is fully occupied, with an average tenancy duration of 29.8 months. This 6-unit income property is being offered standalone or as part of a two property portfolio called the The 526 Jersey Street Portfolio. Portfolio Prospectus available upon request.

Key facts

• Waterfront bay views
• 8,442 sq ft lot
• 6 garage spots

Tags

• WATERFRONT BAY VIEWS

What this means for you Summary

Snapshot

• This is a 6 × 10-bed/2.0-bath units multifamily listed at $1.50M.

Deal economics

• At list price, monthly cash flow is $6k ($72k/yr) — positive. Per door: $1k/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($20k rent vs $1.50M).
• Recommended offer: $1.32M (12.0% below list) — sets the bar for market timing.
• Cap rate 11.1% vs local median 3.1% in Vallejo — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#304 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: schools D-, crime F, cost of living F.
• Vallejo City Unified (urban): math 20% / reading 30% proficiency, ranked #1,124 of 1,400 in CA (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 176 active listings in the ZIP; 1,472 units permitted in Solano County in 2024 (131 in 5+ unit buildings).
• At $20,475/mo this rent would consume 376% of the median local household income ($65k/yr) (locally 2972% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $10k of loan paydown is wiped out by about $45k of value loss. Plan a longer hold.
• Solano County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 0.7% rent growth), your $420k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 357 days — a 12% lower offer ($1.32M) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $335k; list at $1.50M implies a 348% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $1,320,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 357 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.36% ✓
• Cap rate: 11.12%
• Cash-on-cash: 17.23%
• DSCR: 1.77
• GRM: 6.1

CMA / ARV

• ARV (median comp): $655,601
• List price: $1,500,000
• Delta: 128.80%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.71% rent growth · sell at horizon

5-year hold

• IRR: 6.0%
• Equity multiple: 1.23×
• Total profit: $95,016
• Equity at exit: $223,655

10-year hold

• IRR: 13.2%
• Equity multiple: 1.95×
• Total profit: $397,170
• Equity at exit: $129,693

Cash invested: $420,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 94590

• Rents YoY: 0.7%
• Active inventory: 176
• Price-to-rent: 36.6×

Monthly cashflow live

• Estimated rent: $20,475 medium
• Mortgage (P&I): −$7,866
• Tax from tax record: −$1,654 /mo · $19,853/yr
• Insurance: −$625
• HOA: −$0
• Vacancy / Maint / Mgmt: −$4,300
• Net cashflow: $6,030

Break-even live

Break-even rent $12,843

Max offer price $1,500,000

Occupancy floor 66%

6-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 6× units	10	2	$20,472
Total (6 units)			$20,475

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $375,000
• Closing costs: $45,000
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $1,500,000 Active 357 DOM
2. 2026-06-17
   days on market $1,500,000 Active 356 DOM
3. 2026-06-16
   days on market $1,500,000 Active 355 DOM
4. 2026-06-15
   days on market $1,500,000 Active 354 DOM
5. 2026-06-14
   days on market $1,500,000 Active 352 DOM
6. 2026-06-10
   days on market $1,500,000 Active 349 DOM
7. 2026-06-09
   days on market $1,500,000 Active 348 DOM
8. 2026-06-08
   days on market $1,500,000 Active 347 DOM
9. 2026-06-07
   days on market $1,500,000 Active 346 DOM
10. 2026-06-05
    days on market $1,500,000 Active 343 DOM
11. 2026-06-03
    days on market $1,500,000 Active 342 DOM
12. 2026-06-02
    days on market $1,500,000 Active 341 DOM
13. 2026-06-01
    days on market $1,500,000 Active 340 DOM
14. 2026-05-31
    days on market $1,500,000 Active 339 DOM
15. 2026-05-30
    days on market $1,500,000 Active 338 DOM
16. 2026-04-21
    status Active 617-char remark

    Show marketing remark (617 chars)

    470-480 Wilson Avenue is a 6-unit multifamily property on a picturesque 8,440 square foot lot with waterfront bay views, comprising four two-bedroom units and two one-bedroom units in Vallejo, California, strategically located on the eastern side of Wilson Avenue with convenient access to local freeways and the bustling Mare Island mixed use complex. The property is fully occupied, with an average tenancy duration of 29.8 months. This 6-unit income property is being offered standalone or as part of a two property portfolio called the The 526 Jersey Street Portfolio. Portfolio Prospectus available upon request.

17. 2025-12-15
    status Active 617-char remark

    Show marketing remark (617 chars)

    470-480 Wilson Avenue is a 6-unit multifamily property on a picturesque 8,440 square foot lot with waterfront bay views, comprising four two-bedroom units and two one-bedroom units in Vallejo, California, strategically located on the eastern side of Wilson Avenue with convenient access to local freeways and the bustling Mare Island mixed use complex. The property is fully occupied, with an average tenancy duration of 29.8 months. This 6-unit income property is being offered standalone or as part of a two property portfolio called the The 526 Jersey Street Portfolio. Portfolio Prospectus available upon request.

18. 2025-05-10
    listed $1,500,000 Active 617-char remark

    Show marketing remark (617 chars)

    470-480 Wilson Avenue is a 6-unit multifamily property on a picturesque 8,440 square foot lot with waterfront bay views, comprising four two-bedroom units and two one-bedroom units in Vallejo, California, strategically located on the eastern side of Wilson Avenue with convenient access to local freeways and the bustling Mare Island mixed use complex. The property is fully occupied, with an average tenancy duration of 29.8 months. This 6-unit income property is being offered standalone or as part of a two property portfolio called the The 526 Jersey Street Portfolio. Portfolio Prospectus available upon request.

19. 2017-01-23
    soldstatus $335,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $19,853 · $1,654/mo
• Projected year-2 tax: $19,853 · $1,654/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥91°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 13 unhealthy d/yr today · 13 by 30 yrs out

Taxation est. · year 1

• Rental income: $245,700
• − Mortgage interest: −$84,023
• − Property taxes: −$19,853
• − Insurance: −$7,500
• − Repairs & maintenance: −$19,656
• − Management: −$19,656
• − Depreciation: −$43,636
• Taxable income: $51,375
• Est. tax owed @ 24.0%: −$12,330
• After-tax cash flow: $60,026/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Vallejo City Unified
• NCES district ID: 0640740
• Math proficiency: 20% ▬ 0.00%
• Reading proficiency: 30% ▬ 0.00%
• Median HH income: $59,919
• Composite: 26.02/100
• National rank: #12743
• State rank: #1124 of 1400 in CA

Livability — Vallejo

• Score: 67/100
• State rank: #304
• US rank: #10215

Category grades

Amenities B Commute A+ Cost of living F Crime F Employment A Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Vallejo, CA
• County: Solano County · 433,239 people
• City population: 125,311
• Metro: Vallejo, CA
• Population (ZIP): 37,128
• Household income: $65,290
• Rent vs Own: 57.6% rent · 42.4% own
• Severe rent burden: 2972.0

Population outlook (Solano County) Hauer SSP2

• Today (2025): 478,685 people
• By 2030: 497,974 · +4.0%
• By 2040: 528,515 · +10.4%
• By 2050: 549,115 · +14.7%
• By 2075: 587,229 · +22.7%
• By 2100: 571,378 · +19.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.77)
• Race & ethnicity: Hispanic / Latino 32% White 26% Black 21% Two or more races 14% Asian 13% Native American 1%
• Hispanic origin (detail): Mexican 23%
• Common ancestry: Lithuanian 2% Italian 1% Romanian 1%
• Foreign-born: 25% · Canada, South Korea, China
• Languages at home: 65% English-only · Spanish 21% Tagalog/Filipino 9% Other Indo-European 1%

Political lean MEDSL · Solano

• 2024 margin: Strong D (+23.0) · D 60.0% · R 37.1% · Other 2.9%
• 2008→2024 swing: -5.6pp toward R · 2008: 28.6pp · 2024: 23.0pp
• All cycles: 2024: D+23.0 2020: D+30.3 2016: D+30.5 2012: D+28.1 2008: D+28.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -530.45%
• Current HPI: 321.0365
• Rent YoY: ▲ 0.71%
• Metro: Vallejo, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+347.8% since first listed

4 events — show timeline

• 2026-04-21 Relisted — BAREIS
• 2025-12-15 Relisted — BAREIS
• 2025-05-10 Listed $1,500,000 BAREIS
• 2017-01-23 Sold (Public Records) $335,000 Public Records

Property tax history

+17.4%/yr

Latest (2025): $19,853 · +5.6% YoY. Source: county tax records.