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$2,350,000

Est. payment - /mo

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0.29 Acres Lot

Active

45 W 10th St Pittsburg, CA 94565

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/21/2024 12:36 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41076382

HOA Y/N No

Year Built 1948

Lot Size 0.287 Acres

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

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Total Parking Spaces 14

Building

Lot Description Corner Lot, Street Level

Others

Tax ID 0852010057

Listed by Monjid Aldiyyat • BHHS Drysdale Properties

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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