12-unit multifamily investment.For more information please contact the Pinza Group.info@PinzaGroup.com 510-725-4775

Posted: 10/10/2019 6:23 pm | On HOMEiZ: 1669 days | Updated: 4 years ago | Views: 906

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$2530000

Last Sold Price

$2530000

Last Sold Date

09/17/2019

Total Lot Size

9,600.00 Sq. Ft.

Asking Price per Sq. Ft.

$504

Total Building Size Sq. Ft.

5018

Commission Split %

Contact listing agent%

Cap Rate %

Contact listing agent%

Gross Annual Income

Net Operating Income

Gross Rent Multiplier

0.00

Operating Expenses

Annual Property Tax Rate for this property

1.25%

Property tax total amount

$31625

Property Location & Description

Listing Headline

12-unit multifamily investment.For more information please contact the Pinza Group.info@PinzaGroup.com 510-725-4775

Rent control

Rent Control

Property Description

2110 California St consists of one two story building with 12 1bd/1bth units of approximately 450 square feet. Unit interiors have wall to wall carpet, wall heat, A/C unit, gas stoves and formica counters. Units are separately metered for gas and electricity. The property is a short walking distance to Bart which will allow for the next owner to significantly raise rents immediately upon taking over. The property has a history to little or no vacancies and currently is fully occupied. There is onsite laundry which adds additional income each month. All units are significantly below market in rent, meaning an investor can come in and raise rents to achieve even greater cash flow. The property parking lot has been repaved and re-striped in the last few years. There is lush, mature landscaping throughout the property which creates a tranquil environment that tenants enjoy.

Location Description

The subject property is ideally located in a residential neighborhood near Todos Santos Square. Local restaurants, bars, and shopping centers are within walking distance to the property. The property has easy access to Interstate 680 and both Highways 242 and 4, allowing tenants to take advantage of the property’s central Contra Costa County location. 2110 California St has a Walk Score of 88 out of 100 thereby allowing access to many pedestrians to all of Concord’s finest attractions.

No. of Units

Price per Unit

$210833

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

1+1

450

Occupancy %

99%

Construction Type

Wood & Stucco

No. Stories

Year Built

1958

Overall Property Condition

Good

Property Information

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

On-street

Assigned Parking

Investment Overview

Type of use

Investor

Energy Efficiency

Energy Star Certified

How old is you cooling and heating system?

Don't Know

Efficiency rating

N/A

R-value

N/A

Windows single-pane?

Natural daylight

Appliances energy efficient

Roof

Neighborhood lifestyle

Lifestyle

Urban Core

More information

MLS URL of this listing to link to your own site or brokerage site

http://pinzagroup.com/

Listing Info

Listing ID: 1977

Sold

For Sale

$2,530,000

Listing Presented by

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2110 California Street . Concord , CA 94520