3-unit office complex fort sale withe excellent El Cerrito location and huge rental upside.

Posted: 11/11/2019 2:38 pm | On HOMEiZ: 1636 days | Updated: 4 years ago | Views: 842

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$995000

Last Sold Price

$995000

Total Lot Size

0.20 Acres

Asking Price per Sq. Ft.

$243

Total Building Size Sq. Ft.

4100

Commission Split %

Contact listing agent%

Cap Rate %

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

$12438

Property Location & Description

Listing Headline

3-unit office complex fort sale withe excellent El Cerrito location and huge rental upside.

Property Description

11157-11161-11163 San Pablo presents an excellent opportunity for an investor to purchase a 3-unit office complex withe excellent El Cerrito location and huge rental upside. The property offers an attractive corner location with a large parking lot in the rear with 13 parking spaces and a loading dock. Tenants pay all utilities, interior repairs, and landscaping providing for low annual expenses. There is little deferred maintenance providing for a turn-key investment. The property has a history of little or no vacancies and currently fully occupied.

Location Description

The location of the property is excellent and is surrounded by numerous retail centers and restaurants. Only a few blocks away is access to HWY 80 and the El Cerrito del Norte BART station providing for a very convenient commuting location. El Cerrito has improved significantly in recent years given it's lack of rent control and close proximity to Berkeley and San Francisco.

APN / Parcel ID

509-080-012-8

Building Class

Zoning

TOMIMU

Occupancy %

100%

Construction Type

Wood & Stucco

No. Stories

Year Built

1978

Overall Property Condition

Very good

Highlights

3-Unit El Cerrito Office Investment With Huge Rental Upside

Large Rear Parking Lot With 13 Parking Spaces and Loading Dock

Perfect For Owner/User or NNN Investor

Property Information

Sewer

Parking

Parking type

On-street

Off-street

Assigned Parking

# of Covered Parkings

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

Listing Info

Listing ID: 2036

Sold

For Sale

$995,000

Listing Presented by

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11157- 11163 San Pablo Avenue . El Cerrito , CA 94530