19 Washington St - Apartments FOR SALE


Bay Point, CA 94565
$2,500,000 USD
415-990-1051
19 Washington St, Bay Point, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/31
null | 5.64% Cap Rate

19 Washington St
Bay Point, CA 94565


HIGHLIGHTS

  • Sale includes two separate but contiguous parcels
  • Within minutes to BART stations and offers reasonable commute
  • Desirable Unit Mix of 1BR, 2BR and Studio Units
  • Convenient Access to Highway 4 and 680 Freeway
  • Convenient Access to grocery stores, shops and restaurants

OVERVIEW

19 Washington Street is an outstanding investment opportunity located in Bay Point, California. The desirable unit mix consists of (3) studios, (3) one-bedroom, (5) two-bedroom and a single (3) bedroom unit situated on a combined acreage of 0.39 acres for the two contiguous lots. With an approximate building area of 9,000 square feet, the subject offering is being presented a price per square foot well below replacement value. Bay Point, California located in Contra Costa County has been described as one of the last affordable cities in the Bay Area for home owners and renters alike. This has led to a recent increase in interest and demand by people looking to make Bay Point home. With a seemingly consistent short supply of rental housing in the Bay Area, 19 Washington Street offers an excellent investment opportunity.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$278 USD /SF

# OF UNITS

12

PRICE/UNIT

$208,333

CAP RATE

5.64%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

P-1

APN/PARCEL ID

095-031-008-6

ASK ABOUT THIS PROPERTY

Joe LevyCompass CommercialMore Info
415-990-1051

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Joe LevyCompass CommercialMore Info
415-990-1051

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.