815 San Pablo Ave, Pinole, CA 94564
- $1,600,000
- 4,588
- SqFt
- List Price
- $1,600,000
- Status
- ACTIVE
- MLS#
- 41089083
- Year Built
- 2001
- Property Type
- 5 Or More Units
- Living Area
- 4,588
- Lot Size
- 8,640
- Acres
- 0.20
- County
- Contra Costa
- Subdivision
- Other
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.
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Additional Information
- Appliances
- Dryer, Washer
- Exterior
- Stucco
- Flooring
- Other
- Laundry Features
- Coin Operated, Laundry Room, Washer
- Lot Description
- Corner Lot, Paved
- Parking Features
- Detached, Enclosed, Garage, Guest, On Street, Uncovered Parking Space
- Roof
- Composition Shingles
- Water Sewer
- Public
Mortgage Calculator
Listing courtesy of Davide Pio from BCRE. 510-815-2000
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