Property Details
About this Property
We are pleased to present 25-45 W. 10th Street in Pittsburg, CA. The property is a well maintained three-story building located within minutes to Downtown Pittsburg and the marina. Built in 1948, the 7,574 square foot building boasts a unit mix of three (3) 3 bed/1 bath units, two (2) 2 bed/1 bath units, three (3) 1 bed/1 bath units, and two (2) studios. Current ownership has renovated five units upon turnover, four of which included extensive value add renovations. Renovated units offer hardwood flooring, two-pane vinyl windows, new paint, and charming original features throughout. Some units have beautiful views of the marina in the distance. The sale includes the adjacent parcel which is a 14 stall parking lot for the property. The property is separately metered for PG&E, and the owner pays for water and garbage. In addition to off-street parking, the property also has onsite laundry, and perimeter fencing. New investors have the opportunity to assume the current financing on the property with a current balance of $1,319,000 at an interest rate of 3.72% with eight years remaining. With this significant reduction from current market interest rates, a new investor can assume the loan and capture a tremendous year 1 cash-on-cash return of 8.6%
MLS Listing Information
MLS #
EB41076382
MLS Source
Bridge MLS
Days on Site
22
Interior Features
Flooring
Laminate, Vinyl
Cooling
None
Heating
Wall Furnace
Parking, School, and Other Information
Garage/Parking
Guest / Visitor Parking, Parking Area, Spaces per Unit - 1, Garage: Car(s)
Sewer
Public Sewer
Water
Public
Complex Amenities
Playground
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
45 W 10th St is a Residential Income in Pittsburg, CA 94565. This 7,574 square foot property sits on a 0.28 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,350,000 and was built in 1948. This address can also be written as 45 W 10th St, Pittsburg, CA 94565.
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This listing information is up-to-date as of October 21, 2024. For the most current information, please contact Monjid Aldiyyat, (925) 588-6402
