Sell Your Commercial Property In Vallejo, CA

Who Rents in Vallejo, CA

Vallejo’s renter share reached 42.6% of occupied housing in 2020-2024, with 19,089 renter households out of 44,798 occupied homes (ACS 2020-2024, Table B25003). Buildings of five or more units held 14.9% of Vallejo’s 47,084 total housing units, or 7,037 homes (Table B25024). An owner weighing whether to sell commercial real estate in Vallejo, CA is working with a stock where 58.5% of units predate 1980 and the median year built is 1975 (Table B25034).

Rents and Affordability in Vallejo, CA

Median gross rent in Vallejo was $2,073 a month in 2020-2024, below the Solano County median of $2,163 (Table B25064). Median household income reached $90,171, under the county’s $100,401 (Table B19013). HUD’s FY2027 fair market rents for the Vallejo, CA MSA run:

58.6% of Vallejo renters paid 30% or more of income toward rent in 2020-2024, and 31.8% paid 50% or more (Table B25070).

Property Taxes in Solano County

Solano County assesses property under Proposition 13 at a 1% base rate; Vallejo’s tax rate area add-on was not available from an automated county source, so this profile states the verified base and flags that gap. On a $2,000,000 building, the 1% base equals $20,000 a year, a figure anyone who wants to sell commercial property in Vallejo, CA should carry into underwriting. A sale also triggers California’s transfer tax: Vallejo’s ordinance sets the city’s share at $0.275 per $500 (Vallejo Municipal Code Section 3.08.020), matched by the county for $1.10 per $1,000 under the standard statutory rate (Revenue and Taxation Code Section 11911); on a $2,000,000 sale that totals $2,200.

Landlord Rules in Vallejo, CA

State law, not a Vallejo ordinance, sets the main rules for apartment rentals here. Security deposits are capped at one month’s rent for deposits taken on or after July 1, 2024 under Assembly Bill 12, with a two-month allowance for small owners (AB 12 summary). The statewide Tenant Protection Act requires about 30 days’ notice for rent increases of 10% or less and about 90 days for larger ones, and bars eviction without just cause after 12 months of tenancy (Tenant Protection Act summary). Vallejo’s own rent ordinance covers only mobile home park spaces, so an owner who plans to sell your apartment building in Vallejo works mainly under these statewide rules.

What It Means for an Owner in Vallejo, CA

An owner weighing whether to sell commercial property in Vallejo, CA faces a market with a renter-majority population, an older apartment stock, and rents below the Solano County median. Use the $20,000 base property tax and $2,200 transfer tax figures above, check the HUD FY2027 rents for the unit mix, and confirm there is no local rent cap layered on the statewide rules. For a cap rate check, use the cap rate calculator, and Skyline Capital Investments buys 5+ unit apartment buildings through its sell my apartment building page.