2006 23Rd St, San Pablo, CA 94806
16 Unit Apartment Building | $3,500,000 ($218,750/Unit) | 7.23% Cap Rate | San Pablo, CA 94806
Asking Price $3,500,000
- Property Type
-
Multifamily
- Square Feet
- 12,222 SF
Listing Contacts
- Property Info
Property Overview
2006 23rd St presents the opportunity for an investor to acquire an 11-unit multifamily residential property along with 5 SFR (4 total APN’s) located in San Pablo. Property is close to transportation, shopping and I80. Recently renovated two-story apartment building, as well as the 5 SFR are situated on approximately 27,555 sq ft. lot total. Unit mix consists of (10) 2 BD/1BA, (1) 1 BD/1 BA and (4) SFR’s are 2 BD/1 BA and (1) 1BD/1BA. All units have received extensive improvements by the current owner over the last 3 years, including: updated kitchens/bathrooms, LVP flooring, interior and exterior paint, appliances, dual pane windows, new sewer lines including sewer laterals, and landscape maintenance. All units and SFR’s have 1 parking space available. No onsite property management required. Seller is a licensed Realtor.
Potential upside is to convert the storage area to an additional 1 BD/1BA unit providing additional rental income.
The property features a Walk Score of 88 and a Bike Score of 51 providing residents convenience as most daily errands are easily accomplished with or without a car.
San Pablo is located in West Contra Costa County off Interstate 80, minutes away from the Bay Area cultural centers of Berkeley, Oakland and San Francisco. Interstate 80 is the principal arterial route between the Bay Area and Sacramento. The City of San Pablo is nestled between the cities of Pinole and Richmond and the neighboring cities of El Cerrito and Hercules. Historically one of the oldest Spanish settlements in the region, San Pablo has become a thriving residential and business community with a population of about 30,000 in an area of approximately three-square miles.
San Pablo is approximately less than one hour away from international airports in Oakland and San Francisco. Access to the Bay Area Rapid Transit (BART) system and Amtrak passenger train service are close by. AC Transit bus line service includes San Pablo in its route from Fremont to Pinole.
Potential upside is to convert the storage area to an additional 1 BD/1BA unit providing additional rental income.
The property features a Walk Score of 88 and a Bike Score of 51 providing residents convenience as most daily errands are easily accomplished with or without a car.
San Pablo is located in West Contra Costa County off Interstate 80, minutes away from the Bay Area cultural centers of Berkeley, Oakland and San Francisco. Interstate 80 is the principal arterial route between the Bay Area and Sacramento. The City of San Pablo is nestled between the cities of Pinole and Richmond and the neighboring cities of El Cerrito and Hercules. Historically one of the oldest Spanish settlements in the region, San Pablo has become a thriving residential and business community with a population of about 30,000 in an area of approximately three-square miles.
San Pablo is approximately less than one hour away from international airports in Oakland and San Francisco. Access to the Bay Area Rapid Transit (BART) system and Amtrak passenger train service are close by. AC Transit bus line service includes San Pablo in its route from Fremont to Pinole.
Property Details
- Class
- C
- Year Built/Renovated
- 1962/2021
- Stories
- 2
- Lot Size (sq. ft)
- 6,098 SF
- Units
- 16
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