950 East St - Apartments FOR SALE


Pittsburg, CA 94565
$1,649,000 USD
925-788-5952
950 East St, Pittsburg, CA for Sale
$1,649,000 USD
Apartments - FOR SALE
1/18
null | 6.62% Cap Rate

950 East St
Pittsburg, CA 94565


HIGHLIGHTS

  • Prime Old Town Pittsburg Location
  • Many Recent Upgrades and Renovations
  • Secured building with Gated Parking
  • 2 Remodeled Units Delivered Vacant
  • New Roof (2023)

OVERVIEW

Lee & Associates is pleased to present 950-952 East St, a beautiful 7-unit multifamily property located near the historic Old Town Pittsburg. Built-in 1934, this charming property comprises seven (7) units (one non-conforming). The spacious and bright units feature a mix of four (4) 2-bedroom units and (3) 1-bedroom units. The current ownership has done a remarkable job over the past 30+ years, maintaining the building in immaculate condition. Recent upgrades include a new roof installed last year and full renovations of two units, featuring new kitchens, bathrooms, paint, and flooring, as well as many interior and exterior improvements over the years. Located on a 0.12-acre lot, the property is fully secured with a gated front entry and driveway. This sizeable lot provides tenant parking, and a future owner could explore the possibility of adding ADUs or additional units. Situated in the heart of Pittsburg on a quiet street, this property offers a convenient location with easy access to Old Town Pittsburg. Residents will enjoy the vibrant atmosphere of Old Town, with its variety of dining, shopping, and entertainment options. The property is also well-connected to major transportation routes, making commuting a breeze. This is a rare opportunity to acquire a well-maintained investment property with strong cash flow in a prime location. For more information and to schedule a tour, please contact Tyler Clark with Lee & Associates.

FOR SALE DETAILS

PRICE

$1,649,000 USD

PRICE/SF

$338 USD /SF

# OF UNITS

7

PRICE/UNIT

$235,571

CAP RATE

6.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1934

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

-

APN/PARCEL ID

085-182-005-0

ASK ABOUT THIS PROPERTY

Tyler ClarkLee & Associates Commercial Real Estate ServiceMore Info
925-788-5952

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Tyler ClarkLee & Associates Commercial Real Estate ServiceMore Info
925-788-5952

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