$1,600,000
About this home
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.
Facts & features
- Bathrooms
- 0
- Appliances
- Gas Water Heater, Dryer, Washer
- Heating
- Forced Air, Heat Pump
- Lot size
- 0.198 acres (8,640 sq ft)
- Year built
- 2001
- Parking spaces
- 9
- County
- Contra Costa
- Status
- Active
- Property type
- Residential Income
- Days on market
- 489
- Listed
- 2025-03-12
- Parcel #
- 4021660248
- MLS #
- 41089083
