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%
Property Details
Price:
$2,350,000
MLS #:
41076382
Status:
Active
Baths:
0
Address:
45 W 10th St
Type:
Residential Income
City:
Pittsburg
Listed Date:
Oct 14, 2024
State:
CA
ZIP:
94565
Lot Size:
12,500 sqft / 0.29 acres (approx)
Year Built:
1948
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Lot Features
Corner Lot, Level with Street
Parking Spots
14.00
Financial
Association Fee
0.00
Tenant Pays
Gas
Map
Community
- Address45 W 10th St Pittsburg CA
- CityPittsburg
- CountyContra Costa
- Zip Code94565
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Courtesy of BHHS Drysdale Properties. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
45 W 10th St
Pittsburg, CA
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