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.

Property details

Year built

2001

Property type

Residential Income

Lot size

8,640 sqft

Location

815 San Pablo Ave • Pinole, CA 94564

More homes for sale and rent in Pinole, CA →

Listed by

Davide Pio · BCRE

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Closed sales reported in 94564, nearest first, last 12 months. All recent sales in Pinole →

Residential Income - 815 San Pablo Ave, Pinole, CA