524-526 1st St - Apartments FOR SALE


Rodeo, CA 94572
$1,000,000 USD
510-815-2000
524-526 1st St, Rodeo, CA for Sale
$1,000,000 USD
Apartments - FOR SALE
1/33
null | 8.44% Cap Rate

524-526 1st St
Rodeo, CA 94572


HIGHLIGHTS

  • Attractive Seller Financing: Owner open to seller financing with 40%+ down, 25 year amortization for a term of no longer than 3 years.
  • Varying Unit Mix: (1) 3 bed / 1 bath, (3) 2 bed / 1 bath, (1) 1 bed / 1 bath, a non conforming studio and small occupied office.
  • Upside in Utility Separation: Most units have combined utility bills and are not being billed properly. RUBS can be implemented.

OVERVIEW

Davide F. Pio is proud to present 516 and 524-528 1st Street in Rodeo, CA for sale. The two (2) parcels can be purchased separately or jointly for a total of seven (7) units. 516 1st St has a total of four (4) living units consisting of (2) 2 bed / 1 bath, (1) 1 bed / 1 bath, and (1) studio unit and a shed in the rear. 524-528 1st St consists of a small office space, (1) 3 bed / 1 bath unit with a sizable back yard, (1) 2 bed / 1 bath unit, a storage space, and 2 car garage. Seller financing allows for flexibility for an investor to acquire the asset which has had most units updated. Along with rent growth in this desirable East Bay suburb, the buyer can update the electric/gas systems to more accurately distribute and pass on expenses to the tenants. Located in quaint downtown Rodeo, the property is located in proximity to local businesses as well as San Pablo Bay. A short drive provides quick access to Highway 80 allowing easy connects to Vallejo, Berkeley, Oakland and San Francisco.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$544 USD /SF

# OF UNITS

7

PRICE/UNIT

$142,857

CAP RATE

8.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Seller Fin. Avail-7 Unit Converted MF Complex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,453 SF

ZONING

M-2 / MU-2

APN/PARCEL ID

357-041-002-1,357-041-003-9

ASK ABOUT THIS PROPERTY

Davide PioBCREMore Info
510-815-2000

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Davide PioBCREMore Info
510-815-2000

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