815 San Pablo AvePinole, CA 94564

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.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

2001

Living area

4,588 Sq Ft

Lot size

0.20 acres

Parking spaces

9

Zoning

CMU

Days on market

574

MLS^® Listing#

41089083

Property Features

Appliances

Dryer · Washer · Gas Water Heater

Cooling

Ceiling Fan(s) · Central Air

Heating

Forced Air · Heat Pump

Flooring

Other

Basement

None

Parking

Detached · Enclosed · Garage · Guest · On Street

Laundry

Laundry Room

Lot features

Corner Lot · Paved

Construction

Stucco

Roof

Shingle

Security

Fire Sprinkler System

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

4021660248

Directions

GPS