$ 2,350,000
45 W 10th St Pittsburg, CA 94565
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$ 2,350,000
Est. payment | /mo
0.29 Acres Lot
$ 2,350,000
Est. payment | /mo
0.29 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41076382
HOA Y/N No
Year Built 1948
Lot Size 0.287 Acres
Property Description
We are pleased to present 25-45 W. 10th Street in Pittsburg, CA. The property is a well maintained three-story building located within minutes to Downtown Pittsburg and the marina. Built in 1948, the 7,574 square foot building boasts a unit mix of three (3) 3 bed/1 bath units, two (2) 2 bed/1 bath units, three (3) 1 bed/1 bath units, and two (2) studios. Current ownership has renovated five units upon turnover, four of which included extensive value add renovations. Renovated units offer hardwood flooring, two-pane vinyl windows, new paint, and charming original features throughout. Some units have beautiful views of the marina in the distance. The sale includes the adjacent parcel which is a 14 stall parking lot for the property. The property is separately metered for PG&E, and the owner pays for water and garbage. In addition to off-street parking, the property also has onsite laundry, and perimeter fencing. New investors have the opportunity to assume the current financing on the property with a current balance of $1,319,000 at an interest rate of 3.72% with eight years remaining. With this significant reduction from current market interest rates, a new investor can assume the loan and capture a tremendous year 1 cash-on-cash return of 8.6%
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Total Parking Spaces 14
Building
Lot Description Corner Lot, Street Level
Others
Tax ID 0852010057
Listed by Monjid Aldiyyat • BHHS Drysdale Properties
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Valerie Condon
Partner | Lic# 680245