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Eric Boyenga

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

Listed by Maurice Carbajal, DRE #01415783 • GCM Realty & Loans

$ 1,600,000

Est. payment | -/mo

8 Beds

4 Baths

3,304 SqFt

Save

$ 1,600,000

Est. payment | -/mo

Save

8 Beds

4 Baths

3,304 SqFt

Key Details

Property Type Multi-Family

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,304 sqft

Price per Sqft $484

MLS Listing ID CC41145950

Bedrooms 8

Year Built 1960

Lot Size 6,000 Sqft

Property Sub-Type Five or More Units

Source Contra Costa Association of Realtors

Property Description

1539 Humboldt Ave is a 5-unit, 100% occupied multifamily asset in San Pablo priced at $320,00 per unit. In-place rents average $2,190 per month against $2,250 market rent. The deal trades at a 5.3% in-place cap rate (12.12x GRM), with a 5.68% pro forma cap rate (11.54x GRM) once rents reach market. The unit mix is uniform: four 830-square-foot two-bedroom, one-bath residences, most with full-size washer/dryer hookups and one larger unit at 900-square feet. Built in 1970, the property sits on a 6,000 SF lot at the end of a cul-de-sac with 3,304 square feet of building and 7 surface parking spaces. The property has direct access to Interstate 880 and proximity to Interstate 580 and the Richmond-San Rafael Bridge, connecting the tenants to Richmond, El Cerrito, San Rafael, and the broader Bay Area. El Cerrito Del Norte BART is a 10-minute drive, putting San Francisco roughly an hour away by transit. Shopping, entertainment, schools and parks are all nearby.

Location

State CA

County Contra Costa

Area San Pablo Proper

Interior

Heating Wall Furnace

Cooling None

Flooring Linoleum, Tile

Laundry In Closet, Laundry Area - In Unit, Hookup - Washer/Dryer , Washer, Community Facility, Dryer

Exterior

Exterior Feature Stucco

Parking Features Off-Site Parking, Parking Area

Garage Spaces 6.0

Roof Type Composition

Building

Lot Description Regular

Others

Tax ID 417-042-002-2

Special Listing Condition Not Applicable

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

1539 Humboldt Ave San Pablo, CA 94806