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2221 Railroad Ave

Pittsburg, CA 94565
  • $3,518,000
  • STATUS: Active
  • ON SITE: 312 Days
  • ID#: 41046945
UPDATED: 19 min ago
$3,518,000
  • 0
    BEDS
  • 0.66
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1989
County:

School Ratings & Info

Listing Agent(s): Richard Mao of Promax Investment & Develop (510-552-1687)


Description

8% investment return cap rate. A value added investment opportunity (with 4%-4.5% annual rent and cam increasing every year). Very stable tenant base, most of units are occupied by service type tenants. Tenants are responsible for all interior maintenance and repair. High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for storage. New owner may choose to rent it out for extra income. On major very busy street, next to Starbucks, close to freeway, schools, BART.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-14T16:37:19.963. 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 deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/146454967
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2221 Railroad Ave Pittsburg, CA 94565

  • Price: $3,518,000
  • Status: Active
  • On Site: 312 Days
  • Updated: 19 min ago
  • ID#: 41046945
0
Beds
0
Baths
0
½ Baths
0.66
Acres
1989
Built
County:
Contra Costa
Property Description
8% investment return cap rate. A value added investment opportunity (with 4%-4.5% annual rent and cam increasing every year). Very stable tenant base, most of units are occupied by service type tenants. Tenants are responsible for all interior maintenance and repair. High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for storage. New owner may choose to rent it out for extra income. On major very busy street, next to Starbucks, close to freeway, schools, BART.
Exterior Features

Construction Materials StuccoWood Siding Parking Total 39 Roof Composition

Interior Features

Cooling YN Yes Heating YN Yes

Property Features

Association Fee 0 Cap Rate 6 Listing Service Full Service Net Operating Income 280813 Operating Expense 54079 Tax Annual Amount 20870 Zoning cn



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-14T16:37:19.963. 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 deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Richard Mao of Promax Investment & Develop (510-552-1687)