$ 3,518,000
2221 Railroad Ave Pittsburg, CA 94565
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,518,000
Est. payment /mo
Price Dropped by $170K
2221 Railroad Ave Pittsburg, CA 94565
0.66 Acres Lot
UPDATED:
10/14/2024 01:09 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41046945
HOA Y/N No
Year Built 1989
Annual Tax Amount $20,870
Lot Size 0.660 Acres
Acres 0.66
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.
Location
State CA
County Contra Costa
Zoning cn
Interior
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 39
Listed by Richard Mao • Promax Investment & Develop
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442