Here is a trend graph of all 2-4 unit sales in the city of Vallejo, CA over the past five years. The information is based on data in Bay Area MLS. The residential-income market sure has been impacted. It’s amazing to see the low point around $250,000 several years ago has now become closer to the higher end of the market over the past few months for 2-4 unit properties.
If you own a duplex, triplex or fourplex in the Vallejo market (or Greater Sacramento region), I’d be curious to hear what has happened to your rent levels over the past five years. Also, has the Assessor decreased your property taxes?