3811 Railroad Ave, Pittsburg, CA 94565
3811 Railroad Ave, Pittsburg, CA 94565
3811 Railroad Ave, Pittsburg, CA 94565
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Listed by Richard Mao, DRE #01208299 • Promax Investment & Develop
$2,348,000
Est. payment /mo
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5,950 SqFt
Active

3811 Railroad Ave Pittsburg, CA 94565

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Adrian Chu

Adrian Chu

+1(206) 407-5452

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Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 5,950 sqft

Price per Sqft $394

MLS Listing ID BE41118960

Year Built 1963

Lot Size 0.516 Acres

Property Sub-Type Commercial Property

Source Bay East

Property Description

A Fully occupied value added investment opportunity with about 4.5% annual rent and NNN increasing every year. 8% actual cap rate. Very stable tenant base, all of units are occupied by service type tenants. Current actual Annual income is $226,000, with very low maintenance cost. Building was remodeled in 2013 and 2016, the roof and HVAC units were replaced when the building was remodeled. Tenants are responsible for all interior maintenance, repair and replacement including HVAC, store front glass. On the very busy major street, close to shopping, BART, freeway, schools, , inside city business district, next to residential neighborhood. APN/Tax ID: 088-072-068-5 Year Built: 1963, remodeled: 2013 and 2016 Lot Square Feet: 22463.79 sf Building Square Feet: 5950 sf Parking: 26 spaces onsite, more than 4 spaces per unit The vacant lot behind the parking lot is also for sale, zone for neighborhood commercial/high density residential, it may build up to 45 units (for the detail, please confirm with city). It gives the new owner the opportunities to expand or develop.

Location

State CA

County Contra Costa

Area Pittsburg

Zoning nc

Exterior

Exterior Feature Stucco

Garage Spaces 27.0

Roof Type Other

Others

Tax ID 088-072-068-5

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
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Adrian Chu

Adrian Chu

Founder & CEO

+1(206) 407-5452

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3811 Railroad Ave