45 W 10Th St

Pittsburg, CA 94565

$2,350,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1948

calendar_month Built

Property Description

We are pleased to present 25-45 W. 10th Street in Pittsburg, CA. The property is a well maintained three-story building located within minutes to Downtown Pittsburg and the marina. Built in 1948, the 7,574 square foot building boasts a unit mix of three (3) 3 bed/1 bath units, two (2) 2 bed/1 bath units, three (3) 1 bed/1 bath units, and two (2) studios. Current ownership has renovated five units upon turnover, four of which included extensive value add renovations. Renovated units offer hardwood flooring, two-pane vinyl windows, new paint, and charming original features throughout. Some units have beautiful views of the marina in the distance. The sale includes the adjacent parcel which is a 14 stall parking lot for the property. The property is separately metered for PG&E, and the owner pays for water and garbage. In addition to off-street parking, the property also has onsite laundry, and perimeter fencing. New investors have the opportunity to assume the current financing on the property with a current balance of $1,319,000 at an interest rate of 3.72% with eight years remaining. With this significant reduction from current market interest rates, a new investor can assume the loan and capture a tremendous year 1 cash-on-cash return of 8.6%

Listing Information

List Price $2,350,000
Status Active
MLS 41076382
HOA $0
Type Residential Income
Year Built 1948
Lot Size 12,500
Structure Size N/A
DOM 7
Courtesy Of BHHS Drysdale Properties
Listing Agent Monjid Aldiyyat DRE#01973084

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Monjid Aldiyyat, BHHS Drysdale Properties 925-588-6402. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 21st, 2024 at 12:37 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.