$2,348,000
FOR SALEActive3811 Railroad Ave
Pittsburg CA 94565
N/A
SF
Commercial
Type
1963
Built
N/A
Cost/SF
Listing Agent
Land Details
Location Analysis
About This Property
A Fully occupied value added investment opportunity with about 4.5% annual rent and NNN increasing every year. 8% actual cap rate. Very stable tenant base, all of units are occupied by service type tenants. Current actual Annual income is $226,000, with very low maintenance cost. Building was remodeled in 2013 and 2016, the roof and HVAC units were replaced when the building was remodeled. Tenants are responsible for all interior maintenance, repair and replacement including HVAC, store front glass. On the very busy major street, close to shopping, BART, freeway, schools, , inside city business district, next to residential neighborhood. APN/Tax ID: 088-072-068-5 Year Built: 1963, remodeled: 2013 and 2016 Lot Square Feet: 22463.79 sf Building Square Feet: 5950 sf Parking: 26 spaces onsite, more than 4 spaces per unit The vacant lot behind the parking lot is also for sale, zone for neighborhood commercial/high density residential, it may build up to 45 units (for the detail, please confirm with city). It gives the new owner the opportunities to expand or develop.
Property Information
Property Overview
Commercial
Property Type
Active
Status
nc
Zoning
0.52 acres
Lot Size
$186K
NOI
$16,496
Annual Tax
1,963
Year Built
27
Parking Total
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Zoning & Use
Parking & Access
Investment Metrics
$185,836
NOI
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CRMLS
MLS# 41118960
Listed:
Nalren refreshed:
Last updated
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Listed by: Promax Investment & Develop
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.