CA > Pittsburg
Pittsburg, CA 94565,45 W 10th St
Pittsburg, CA 94565,45 W 10th St
Pittsburg, CA 94565,45 W 10th St
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Parisa Samimi

Parisa Samimi

+1(510) 410-4050
$2,350,000
Est. payment /mo
7,574 SqFt
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UPDATED:

10/21/2024 08:29 AM

Key Details

Property Type Commercial

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,574 sqft

Price per Sqft $310

MLS Listing ID 41076382

HOA Y/N No

Year Built 1948

Lot Size 0.287 Acres

Acres 0.28

Property Description

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%

Location

State CA

County Contra Costa

Area Listing

Rooms

Basement Other

Interior

Interior Features Other

Heating Wall Furnace

Cooling None

Flooring Laminate, Vinyl

Fireplace No

Laundry Laundry Equip - Leased

Exterior

Utilities Available All Public Utilities, Individual Electric Meter, Individual Gas Meter

Handicap Access Other

Building

Lot Description Corner Lot, Level

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 0852010057

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Bridge MLS
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Monjid Aldiyyat • BHHS Drysdale Properties

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Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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45 W 10th St