Active
45 W 10th St
Pittsburg CA, 94565
$2,350,000
$310.27 per sqft
Active
7,574 sqft
Commercial
Built in 1948
We are pleased to present 25-45 W. 10th Street in Pittsburg, CA. The property is a well maintained three-story building located within minutes to Downtown Pittsburg and the marina. Built in 1948, the 7,574 square foot building boasts a unit mix of three (3) 3 bed/1 bath units, two (2) 2 bed/1 bath units, three (3) 1 bed/1 bath units, and two (2) studios. Current ownership has renovated five units upon turnover, four of which included extensive value add renovations. Renovated units offer hardwood flooring, two-pane vinyl windows, new paint, and charming original features throughout. Some units have beautiful views of the marina in the distance. The sale includes the adjacent parcel which is a 14 stall parking lot for the property. The property is separately metered for PG&E, and the owner pays for water and garbage. In addition to off-street parking, the property also has onsite laundry, and perimeter fencing. New investors have the opportunity to assume the current financing on the property with a current balance of $1,319,000 at an interest rate of 3.72% with eight years remaining. With this significant reduction from current market interest rates, a new investor can assume the loan and capture a tremendous year 1 cash-on-cash return of 8.6%
41076382
MLSⓇ ID
October 14, 2024
Listed
November 21, 2024
Updated
Map
45 W 10th St
Pittsburg CA, 94565
Interior Features
Interior Features
Other
Laundry Description
Laundry Equip - Leased
Floor Description
Laminate, Vinyl
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.29 Acres
Lot Features
Corner Lot, Level
Roof
Flat
Sewer
Public Sewer
Other Property Details
Area Name
Pittsburg
Garage
No
Parking
Guest, Parking Lot, Space Per Unit - 1, Uncovered Parking Space
View
No
County
Contra Costa
Water Source
Public
Pool
No
Listed by Monjid Aldiyyat with BHHS Drysdale Properties
Listing Contact: 925-588-6402
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