Wonderful 10 Unit Apartment located near historic downtown Pittsburg and the Marina. Walk to downtown restaurants, parks, school and marina. A 15 minute Walk to Pittsburg Bart at Civic Center. Some downtown restaurants include the Mecca, CreAsians etc. Good unit mix. Some units have beautiful views of the marina in a distance. Solid tenant base with good tenants. Most rents are below market. Very Good upside. Easy access to highway 4. Sale includes a vacant separately parceled lot at 25 W10th St, Pittsburg. It is an adjacent vacant lot of 14 car park spaces totaling another 6250 sq ft. APN 085-201-005-7. Taken together, the total lot size is 12,500 sq. ft. Walk score of 60 and Bike score of 61. Most rents are below market. Actual gross income is $167,617. Pro Forma gross income is $204,937. Laundry income. Great cash flow. Cap rate at asking price is 6.98% actual and 8.20% pro forma. Good upside. No rent control in Pittsburg. Good tenants!
Listing courtesy of Platinum Realty & Invstmnts.