Jeremiah Moersch REALTOR®
Office: 760-533-2540
2221 Railroad Ave, Pittsburg
$4,480,000
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0 Bed
0 Bath
.66 Acre
0 Garage
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. 6.1% investment return cap rate. 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.
Essential Information
- MLS® #
- 41046945
- Price
- $4,480,000
- Bathrooms
- 0.00
- Acres
- 0.66
- Year Built
- 1989
- Type
- Commercial Sale
- Status
- Active
Community Information
- Address
- 2221 Railroad Ave
- City
- Pittsburg
- County
- Contra Costa
- Zip Code
- 94565
- Senior Community
- N
Amenities
- Parking Spaces
- 39
Exterior
- Exterior
- Stucco, Wood Siding
- Roof
- Composition
- Construction
- Stucco, Wood Siding
Additional Information
- Date Listed
- January 6th, 2024
- Days on Market
- 135
- Zoning
- cn
Listing Details
- Agent
- Richard Mao
- Office
- Promax Investment & Develop
Property History
Price Reduced from $4,800,000 to $4,480,000
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of May 20th, 2024 at 6:21pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.