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
Price:
$1,600,000
MLS #:
41089083
Status:
Active
Baths:
0
Address:
815 San Pablo Ave
Type:
Residential Income
City:
Pinole
Listed Date:
Mar 12, 2025
State:
CA
ZIP:
94564
Lot Size:
8,640 sqft / 0.20 acres (approx)
Year Built:
2001
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Schools
Interior
Appliances
Gas Water Heater
Heating
Forced Air, Heat Pump
Exterior
Lot Features
Corner Lot
Parking Spots
9.00
Roof
Shingle
Financial
Association Fee
0.00
Taxes
$24,846
Tenant Pays
Gas
Map
Community
- Address815 San Pablo Ave Pinole CA
- CityPinole
- CountyContra Costa
- Zip Code94564
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815 San Pablo Ave
Pinole, CA
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