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Listed by Maurice Carbajal • GCM Realty & Loans • 925-602-1900
$ 1,600,000
Est. payment /mo
Active
1539 Humboldt Ave San Pablo, CA 94806
3,304 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,304 sqft
Price per Sqft $484
Subdivision San Pablo Prop
MLS Listing ID 41145950
HOA Y/N No
Year Built 1960
Lot Size 6,000 Sqft
Property Sub-Type 5 or More Units
Source CONTRA COSTA
Property Description
1539 Humboldt Ave is a 5-unit, 100% occupied multifamily asset in San Pablo priced at $320,00 per unit. In-place rents average $2,190 per month against $2,250 market rent. The deal trades at a 5.3% in-place cap rate (12.12x GRM), with a 5.68% pro forma cap rate (11.54x GRM) once rents reach market. The unit mix is uniform: four 830-square-foot two-bedroom, one-bath residences, most with full-size washer/dryer hookups and one larger unit at 900-square feet. Built in 1970, the property sits on a 6,000 SF lot at the end of a cul-de-sac with 3,304 square feet of building and 7 surface parking spaces. The property has direct access to Interstate 880 and proximity to Interstate 580 and the Richmond-San Rafael Bridge, connecting the tenants to Richmond, El Cerrito, San Rafael, and the broader Bay Area. El Cerrito Del Norte BART is a 10-minute drive, putting San Francisco roughly an hour away by transit. Shopping, entertainment, schools and parks are all nearby.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling None
Flooring Linoleum, Tile, Engineered Wood
Fireplace No
Appliance Disposal, Free-Standing Range, Refrigerator
Laundry Common Area, Dryer, Laundry Closet, In Unit, Washer, Washer/Dryer Hookups
Building
Lot Description Rectangular Lot
Water Water District
Others
Special Listing Condition Standard
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