For sale a mixed use building with a large commercial space (4414 Hilltop Drive), five 1bd/1bth units, and one 3bd/2bth house.For more information please contact the listing agent, Steven Pinza 510-725-4775

Posted: 04/01/2020 10:56 am | On HOMEiZ: 1494 days | Updated: 4 years ago | Views: 1136

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$1770000

Last Sold Price

$1770000

Last Sold Date

03/18/2020

Total Lot Size

7,000.00 Sq. Ft.

Asking Price per Sq. Ft.

$322

Total Building Size Sq. Ft.

5500

Commission Split %

Contact listing agent%

Cap Rate %

6.70%

Gross Annual Income

Net Operating Income

$118590

Gross Rent Multiplier

11.20

Annual Property Tax Rate for this property

0.871%

Property tax total amount

$15417

Property Location & Description

Listing Headline

For sale a mixed use building with a large commercial space (4414 Hilltop Drive), five 1bd/1bth units, and one 3bd/2bth house.For more information please contact the listing agent, Steven Pinza 510-725-4775

Rent control

Rent Control

Property Description

The property has undergone significant renovations including but not limited to fresh exterior paint, multiple full interior renovations, rebuilt stairwells, new asphalt and more. The property will be delivered with the commercial space vacant thereby allowing for an owner user, or for the next investor to lease the space as they deem fit. There are other income streams that may be added including but not limited to parking income and utility expense recapture.

Location Description

20 miles northwest of San Francisco, El Sobrante offers residents a quiet place to call home among tree-laden hills as well as convenience to one of the most dynamic cities in the United States.

No. of Units

No. of Retail Stores

Price per Unit

$252857

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

1+1

3+2

0+1

Occupancy %

100%

Construction Type

Wood & Stucco

No. Stories

Year Built

1941

Overall Property Condition

Good

Highlights

Perfectly Located in Beautiful El Sobrante- An Investor's Paradise w/ No Rent Board Fees & No Business License Tax

Upgrades Include: Repaved and Sealed Driveway, Exterior Repairs and Paint, New Stairwells, and Renovated Commercial Space w/ New Overhang.

Commercial Unit Facing Busy Street & Less Than One Mile From Interstate 80

Property Information

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

Off-street

On-street

Assigned Parking

Investment Overview

Type of use

Investor

Energy Efficiency

Energy Star Certified

How old is you cooling and heating system?

No Data

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

Not in MLS

Listing Info

Listing ID: 2253

Sold

For Sale

$1,770,000

Listing Presented by

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799 El Patio Road . El Sobrante , CA 94803