815 San Pablo Ave, Pinole, CA 94564
- $1,600,000
- List Price
- $1,600,000
- Status
- ACTIVE
- MLS#
- 41089083
- Year Built
- 2001
- Lot Size
- 8,640
- Acres
- 0.20
- Lot Location
- Corner Lot
- Days on Market
- 565
- Property Type
- Multifamily
- Neighborhood
- Other
Property Description
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.
/u.realgeeks.media/livingbythefoothills/Gil_s_Photo_-_Right_Facing-removebg-preview.png)
Additional Information
- Taxes
- $24,846
- Appliances
- Gas Water Heater, Dryer, Washer
- Heat
- Forced Air, Heat Pump
- Cooling
- Yes
- Exterior Construction
- Stucco
- Roof
- Shingle
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $119,232
Listing courtesy of Listing Agent: Davide Pio (info@iliveinthebayarea.com) from Listing Office: BCRE.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.