29
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$2,350,000
Est. payment /mo
7,574 SqFt
Active
45 W 10th St Pittsburg, CA 94565
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UPDATED:
10/21/2024 08:29 AM
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,574 sqft
Price per Sqft $310
MLS Listing ID 41076382
HOA Y/N No
Year Built 1948
Lot Size 0.287 Acres
Acres 0.28
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%
Location
State CA
County Contra Costa
Area Listing
Rooms
Basement Other
Interior
Interior Features Other
Heating Wall Furnace
Cooling None
Flooring Laminate, Vinyl
Fireplace No
Laundry Laundry Equip - Leased
Exterior
Utilities Available All Public Utilities, Individual Electric Meter, Individual Gas Meter
Handicap Access Other
Building
Lot Description Corner Lot, Level
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 0852010057
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Monjid Aldiyyat • BHHS Drysdale Properties
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