45 W 10th St
Pittsburg, CA 94565
0.29 acres | #41076382
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%
Property Details
- Lot DescriptionCornerLot, StreetLevel
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyContra Costa
- Original List Price$2,350,000
- MLS #41076382
- MLS #41076382
- Cost2350000
- Acres0.287
- Year Built1948
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Monjid Aldiyyat (#BMLS-R01973084)
Listing Office: BHHS Drysdale Properties (#BMLS-OBBDRY 02)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
