Active

45 W 10th St

Pittsburg CA, 94565

$2,350,000


$310.27 per sqft

Active

7,574 sqft

Multi-family

Built in 1948

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%

41076382

MLS ID

October 15, 2024

Listed

October 21, 2024

Updated

Map

45 W 10th St
Pittsburg CA, 94565

Interior Features

Interior Features

Other


Laundry Description

Laundry Equip - Leased


Floor Description

Laminate, Vinyl


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.29 Acres


Lot Features

Corner Lot, Level


Sewer

Public Sewer

Other Property Details

Area Name

Pittsburg


Garage

No


Parking

Guest, Parking Lot, Space Per Unit - 1, Uncovered Parking Space


View

No


County

Contra Costa


Water Source

Public


Pool

No

Listed by Monjid Aldiyyat with BHHS Drysdale Properties
Listing Contact: 925-588-6402 

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