815 San Pablo Ave, Pinole, CA 94564
- $1,600,000
Listed by Davide Pio, (510) 815-2000 from BCRE
(If provided) CoList: from
- List Price
- $1,600,000
- MLS#
- CC41089083
- Status
- ACTIVE
- Lot Size
- 8,640
- Listing Area
- Pinole
- Year Built
- 2001
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.
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Additional Information
- Acres
- 0.20
- Amenities
- Balcony/Patio
- Cooling System
- Ceiling Fan, Central -1 Zone
- Exterior Features
- Stucco
- Floor Covering
- Other
- Garage Parking
- Detached Garage, Enclosed, Guest / Visitor Parking
- Heating System
- Forced Air, Heat Pump
- Laundry Facilities
- In Laundry Room, Laundry Facility - Coin-Op, Washer, Dryer
- Lot Size
- 8,640
- Neighborhood
- Pinole
- Numberof Units
- 5
- Roof
- Composition
- Unincorporated Yn
- Yes
- Zoning
- CMU
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