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$ 1,600,000
Est. payment | /mo
8,637 Sqft Lot
$ 1,600,000
Est. payment | /mo
8,637 Sqft Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41089083
HOA Y/N No
Year Built 2001
Annual Tax Amount $24,846
Lot Size 8,637 Sqft
Property Description
Cap Rate - 4.48% | GRM - 13.03 (Current) vs Cap Rate - 4.73% | GRM - 12.60 (Proforma). The apartment features four (4) apartment units, two of which are 2 beds / 1 bath and the other two are studio units, as well as an owner-occupied commercial space. The owners went above and beyond showing pride in ownership construction and meticulous maintenance since it's completion in 2001. A 4-car garage and 5-space parking lot as well as a coin-op laundry room provide additional income. Newer construction helps keep costs low and insurance requests to a minimum. Turn key investment with upside in rents but also in the potential conversion of the commercial space (tbd by buyer). Finding an apartment in the predominantly single-family home suburbs of Pinole is difficult, and one of newer construction is even more rare. Walking distance to various restaurants, and a short drive to local establishments in nearby Hercules, El Sobrante, and other parts of Pinole. A short drive provides quick access to Highway 80 allowing easy connections to San Francisco, Berkeley, and Oakland.
Location
State CA
County Contra Costa
Zoning CMU
Interior
Heating Forced Air, Heat Pump
Fireplace No
Appliance Gas Water Heater, Dryer, Washer
Exterior
Roof Type Shingle
Total Parking Spaces 9
Building
Lot Description Corner Lot
Others
Tax ID 4021660248
Virtual Tour https://my.matterport.com/show/?m=XohKtkqxKES&brand=0&mls=1&
Listed by Davide Pio BCRE #01522969
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