2221 Railroad Ave, Pittsburg, CA 94565 - Berkshire Hathaway HomeServices California Properties

2221 Railroad Ave, Pittsburg, CA 94565

$3,288,000 Approx. USD 0 beds, 0 baths

Listing Agent


Richard Mao | promax888@hotmail.com
Lic#: 01208299
Broker: Courtesy of Promax Investment & Develop

Agent Remarks

8% investment return cap rate. A value added investment opportunity (with 4%-4.5% annual rent and cam increasing every year). Very stable tenant base, most of units are occupied by service type tenants. Tenants are responsible for all interior maintenance and repair. High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for storage. New owner may choose to rent it out for extra income. On major very busy street, next to Starbucks, close to freeway, schools, BART.

Listing Details

Property type: (Commercial)
Status: Active
MLS# 41046945
List price is $3,288,000 Reduced by $230,000 on 12/28/2024
Price: $3,288,000
HOA Fee is $0.00
Built in 1989
0.66 acres
Lot size: 0.6600
County: Contra Costa
Zoning: cn
Construction: Stucco,Wood Siding

Last Updated: 1/14/2025

 Days On Market (DOM): 490

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Lat/Long: 38.013595, -121.889936.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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