2221 Railroad Ave, Pittsburg, CA 94565
-
Listed Price :
$3,518,000
-
Beds :
N/A
-
Baths :
-
Property Size :
N/A sqft
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Year Built :
1989
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
2221 Railroad Ave |
| City |
Pittsburg |
| State |
CA |
| Zip |
94565 |
| County |
Contra Costa |
| Listing Agent |
Richard Mao DRE #01208299 |
| Courtesy Of |
Promax Investment & Develop |
| List Price |
$3,518,000 |
| Status |
Active |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
28,750 |
| Year Built |
1989 |
Listing information courtesy of: Richard Mao, Promax Investment & Develop. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 9th, 2024 at 5:21 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.
