Pittsburg, CA 94565,109 Alturas Avenue
Pittsburg, CA 94565,109 Alturas Avenue
Pittsburg, CA 94565,109 Alturas Avenue
Pittsburg, CA 94565,109 Alturas Avenue
Pittsburg, CA 94565,109 Alturas Avenue
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$995,000

$995,000

Est.Price: ?

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Est. payment /mo

9,801 Sqft Lot


SOLD DATE : 03/17/2022

Key Details

Sold Price $995,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Woodland Hills

MLS Listing ID 40982932

Sold Date 03/17/22

HOA Y/N No

Year Built 1953

Lot Size 9,801 Sqft

Property Description

The property has been meticulously maintained and updated over the past 6 years of the current ownership. Two 2-bed, 1-bath, one 1-bed + den, 1-bath unit, and one 1-bed, 1-bat unit. All units have been updated with new kitchens, individually metered for PG&E, include outdoor patio, water heater, dual pane vinyl windows and newer flooring. Current rents are 23% below the market average promising solid future revenue growth while still providing solid cash flow day one. The Pittsburg market has been one of the strongest performing rental markets in the Bay Area with a 3.4% current vacancy rate, 5.6% YOY rent growth and an average annual rent growth of 5.1% over the past decade. Ideal Pittsburg location just off of Railroad Avenue, the local elementary and junior high schools and a number of national retailers are all within easy walking distance of the property. Pittsburg BART station, and H4 on- and off-ramps are less than a mile away.

Location

State CA

County Contra Costa

Interior

Heating Wall Furnace

Fireplace No

Appliance Gas Water Heater

Exterior

Garage Garage, On Street

Total Parking Spaces 5

Building

Sewer Public Sewer

Others

Tax ID 0871020277

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California Regional MLS (CRMLS)
Listed by ETHAN BERGER • NAI Northern California
Bought with Non-member 999999 • Datashare BAREIS Default Office Don't Delete
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