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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Davide Pio, DRE #01522969 • BCRE

$ 1,600,000

Est. payment | -/mo

4 Beds

4 Baths

4,588 SqFt

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$ 1,600,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

4 Baths

4,588 SqFt

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,588 sqft

Price per Sqft $348

MLS Listing ID CC41089083

Bedrooms 4

Year Built 2001

Lot Size 8,640 Sqft

Property Sub-Type Five or More Units

Source Contra Costa Association of Realtors

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

Area Pinole

Zoning CMU

Interior

Heating Forced Air, Heat Pump

Cooling Ceiling Fan, Central -1 Zone

Flooring Other

Laundry In Laundry Room, Laundry Facility - Coin-Op, Washer, Dryer

Exterior

Exterior Feature Stucco

Parking Features Detached Garage, Enclosed, Guest / Visitor Parking

Garage Spaces 9.0

Roof Type Composition

Building

Water Heater - Gas

Others

Tax ID 402-166-024-8

Special Listing Condition Not Applicable

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NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

815 San Pablo Ave Pinole, CA 94564