$ 3,518,000
Pittsburg, CA 94565
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$ 3,518,000
Est. payment /mo
Price Dropped by $170K
Pittsburg, CA 94565
10,624 SqFt
UPDATED:
10/14/2024 10:01 AM
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 10,624 sqft
Price per Sqft $331
MLS Listing ID BE41046945
Originating Board Bay East
Year Built 1989
Lot Size 0.660 Acres
Property Description
8% investment return cap rate. A value added investment opportunity (with 4%-4.5% annual rent and cam increasing every year). Very stable tenant base, most of units are occupied by service type tenants. Tenants are responsible for all interior maintenance and repair. High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for storage. New owner may choose to rent it out for extra income. On major very busy street, next to Starbucks, close to freeway, schools, BART.
Location
State CA
County Contra Costa
Area Other Area
Zoning cn
Exterior
Exterior Feature Stucco
Garage Common Parking - Private
Garage Spaces 39.0
Roof Type Other,Rolled Composition
Others
Special Listing Condition Not Applicable
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Listed by Richard Mao • Promax Investment & Develop