$995,000
$995,000
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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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