2107-2123 Willow Pass Rd - Apartments FOR SALE


Pittsburg, CA 94565- Bay Point
$1,550,000 USD
408-909-8629
2107-2123 Willow Pass Rd, Pittsburg, CA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/26
null | 7.74% Cap Rate

2107-2123 Willow Pass Rd
Pittsburg, CA 94565
Bay Point


HIGHLIGHTS

  • Features Four 2bd/1bth Units and Two 1bd/1bth Units Situated on an Oversized 23,522 SF Lot
  • Separately Metered for Gas and Electricity - Opportunity to Implement RUBS for Water/Garbage and Increase NOI by $7k per Year
  • Each Unit has Been Remodeled, with New ABS Plumbing, Upgraded Copper Pipe Plumbing, Electrical, Bathrooms and Kitchens, and New Flooring
  • The Half Acre Lot Offers Ample Space for Additional Dwelling Units and Potential Lot Split
  • Stable Asset w/ Aggressive Pricing and High Current Cap Rate Providing High Cash Flow and Easy Management

OVERVIEW

The Pinza Group presents 2121 Willow Pass Rd in Bay Point, CA. This property features four 2-bedroom, 1-bathroom units and two 2-bedroom, 1-bathroom units, situated on an expansive 23,522 square foot lot. The units are separately metered for gas and electricity, with the possibility of implementing RUBS to offset other expenses. Each unit has been remodeled, boasting brand new ABS plumbing, upgraded copper pipe plumbing, electrical systems, remodeled bathrooms and kitchens, and new flooring. The property includes gated parking with twelve (12) total spaces and ample room to add accessory dwelling units (ADUs). Most units are occupied slightly below market rent, ensuring consistent rental income, with one unit currently vacant and ready to be rented at market rate. Located in a prime Bay Point location with no city rent control, this is the ideal opportunity for cash flow investors. Email INFO@PinzaGroup.com for a complete marketing package.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$321 USD /SF

# OF UNITS

6

PRICE/UNIT

$258,333

CAP RATE

7.74%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

No City Rent Control & Remodeled Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1931

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

R-B, Bay Point

APN/PARCEL ID

095-092-002-5

ASK ABOUT THIS PROPERTY

Alec MatutPinza GroupMore Info
408-909-8629

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Alec MatutPinza GroupMore Info
408-909-8629

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