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3811 Railroad Ave, Pittsburg, CA 94565
Priced at Only: $2,348,000
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Address: 3811 Railroad Ave, Pittsburg, CA 94565
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  • MLS#: 41118960 ( )
  • Street Address: 3811 Railroad Ave
  • Viewed: 1
  • Price: $2,348,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 131
  • Additional Information
  • County: CONTRA COSTA
  • City: Pittsburg
  • Zipcode: 94565
  • Provided by: Promax Investment & Develop
  • Contact: Richard Richard
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    A Fully occupied value added investment opportunity with about 4.5% annual rent and NNN increasing every year. 8% actual cap rate. Very stable tenant base, all of units are occupied by service type tenants. Current actual Annual income is $226,000, with very low maintenance cost. Building was remodeled in 2013 and 2016, the roof and HVAC units were replaced when the building was remodeled. Tenants are responsible for all interior maintenance, repair and replacement including HVAC, store front glass. On the very busy major street, close to shopping, BART, freeway, schools, , inside city business district, next to residential neighborhood. APN/Tax ID: 088 072 068 5 Year Built: 1963, remodeled: 2013 and 2016 Lot Square Feet: 22463.79 sf Building Square Feet: 5950 sf Parking: 26 spaces onsite, more than 4 spaces per unit The vacant lot behind the parking lot is also for sale, zone for neighborhood commercial/high density residential, it may build up to 45 units (for the detail, please confirm with city). It gives the new owner the opportunities to expand or develop.
Features
Construction Materials
  1. Stucco
Land Use
  1. Retail
Netoperatingincome
  1. 185836.00
Parcel Number
  1. 0880720685
Year Built
  1. 1963
Zoning
  1. nc
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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