109 Alturas Avenue, Pittsburg, CA 94565
Fourplex · 2 recorded sales since 2015
Sold March 2022
Listing Agent: ETHAN BERGER (DRE #01868467) · Listing Office: NAI Northern California · Contact: 510-336-4712 · Bought with: Non-member 999999 · Datashare BAREIS Default Office Don't Delete · MLS #40982932 · Source: CRMLS
About this fourplex
The property has been meticulously maintained and updated over the past 6 years of the current ownership. Two 2-bed, 1-bath, one 1-bed + den, 1-bath unit, and one 1-bed, 1-bat unit. All units have been updated with new kitchens, individually metered for PG&E, include outdoor patio, water heater, dual pane vinyl windows and newer flooring. Current rents are 23% below the market average promising solid future revenue growth while still providing solid cash flow day one. The Pittsburg market has been one of the strongest performing rental markets in the Bay Area with a 3.4% current vacancy rate, 5.6% YOY rent growth and an average annual rent growth of 5.1% over the past decade. Ideal Pittsburg location just off of Railroad Avenue, the local elementary and junior high schools and a number of national retailers are all within easy walking distance of the property. Pittsburg BART station, and H4 on- and off-ramps are less than a mile away.
Listing description from the March 2022 sale, as reported to CRMLS.
Sale history