1. California
  2. Pittsburg
  3. 2221 Railroad Ave
$3,288,000

2221 Railroad Ave, Pittsburg, CA 94565

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1989
  • Property Lot Size Icon0.66acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

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 Status:
Active
Date Added:
January 6, 2024 at 06:00AM
Listing Office:
Promax Investment & Develop : 510-552-1687
Listing Agent:
Richard Mao : 510-552-1687
MLS ID:
41046945
  • A/C:
  • Heating:

This listing courtesy of Richard Mao, Promax Investment & Develop

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Los Medanos Elementary School

610 Crowley Ave, Pittsburg, CA, 94565

Grades KG-5

0.60 miles away

H

Hillview Junior High School

333 Yosemite Dr, Pittsburg, CA, 94565

Grades 6-8

0.64 miles away

P

Pittsburg High School

1750 Harbor St, Pittsburg, CA, 94565

Grades 9-12

0.63 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.