437 E 9th St - Apartments FOR SALE


Pittsburg, CA 94565
$750,000 USD
408-909-8629
437 E 9th St, Pittsburg, CA for Sale
$750,000 USD
Apartments - FOR SALE
1/9
null | 6.82% Cap Rate

437 E 9th St
Pittsburg, CA 94565


HIGHLIGHTS

  • Cash Flowing Turnkey Investment in Prime Pittsburg Location with Excellent Value Add Potential
  • Great Unit Mix Comprised of Two Large 2bd/1bth Units and One 1bd/1bth With Rental Upside
  • Potential to Convert Garages to ADU's and 2bds to 3bds
  • All Units Fully Remodeled - New Dual Paned Windows, Granite Countertops, Luxury Vinyl Flooring, and Much More
  • Delivered with No Delinquencies or Deferred Maintenance, Perfect for Owner-Occupants or Passive Investors
  • Excellent Pittsburg Location Walking Distance to Downtown Restaurants, Breweries, and Local Parks

OVERVIEW

The Pinza Group is pleased to present 437 E 9th Street; a prime opportunity for new or seasoned investors to acquire a turnkey and cash flowing triplex in an excellent Pittsburg location. This fully renovated triplex is comprised of two large 2bd/1bth units of 1,100 square feet and 800 square feet, and one 1bd/1bth unit of 405 square feet. The units are separately metered for PG&E which tenants pay for as well as garbage. All units have been recently remodeled, featuring new dual paned windows, granite countertops, drywall, paint, flooring, cabinetry, and more. Current rents have ample room to grow, providing substantial potential for rental upside via tenant turnover & annual adjustements. Remaining value add opportunities include converting the large 600-700 square foot garages into ADU's or renting them for storage. 437 East 9th Street is positioned within walking distance to new and popular local eateries, breweries, and cafés; and is next to the multiple local parks. Route 4 provides easy access to I-680 and I-80 for easy transportation to Downtown Walnut Creek, Oakland, and San Francisco. Pittsburg will continue to see growth and be known as a premier East Bay rental market.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$329 USD /SF

# OF UNITS

3

PRICE/UNIT

$250,000

CAP RATE

6.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

RS-4

APN/PARCEL ID

085-186-011-4

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.