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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