45 W 10th St, Pittsburg, CA 94565
45 W 10th St, Pittsburg, CA 94565
45 W 10th St, Pittsburg, CA 94565
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Listed by Monjid Aldiyyat, DRE #01973084 • BHHS Drysdale Properties
$2,350,000
Est. payment /mo
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7,574 SqFt
Active

45 W 10th St Pittsburg, CA 94565

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Adrian Chu

Adrian Chu

+1(206) 407-5452

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,574 sqft

Price per Sqft $310

MLS Listing ID EB41076382

Year Built 1948

Lot Size 0.287 Acres

Property Sub-Type Five or More Units

Source Bridge MLS

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 Other Area

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate, Vinyl

Laundry Washer/Dryer - Leased

Exterior

Exterior Feature Stucco

Parking Features Guest / Visitor Parking, Spaces per Unit - 1, Parking Area

Garage Spaces 14.0

Building

Lot Description Grade - Level

Sewer Sewer - Public

Water Public

Others

Tax ID 085-201-005-7

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
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Adrian Chu

Adrian Chu

Founder & CEO

+1(206) 407-5452

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45 W 10th St