Active
2221 Railroad Ave
Pittsburg CA, 94565
$3,518,000
$331.14 per sqft
Active
10,624 sqft
Commercial
Built in 1989
8% investment return cap rate. A value added investment opportunity (with 4%-4.5% annual rent and cam increasing every year). Very stable tenant base, most of units are occupied by service type tenants. Tenants are responsible for all interior maintenance and repair. High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for storage. New owner may choose to rent it out for extra income. On major very busy street, next to Starbucks, close to freeway, schools, BART.
41046945
MLSⓇ ID
January 6, 2024
Listed
October 14, 2024
Updated
Map
2221 Railroad Ave
Pittsburg CA, 94565
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.66 Acres
Lot Features
Mid-Block, BART Nearby, City Lot, Commercial, Freeway Nearby
Roof
Rolled/Hot Mop, Other, Fiberglass
Other Property Details
Area Name
Pittsburg
Garage
No
Parking
Private Lot
View
No
County
Contra Costa
Pool
No
Zoning
cn
Listing History
Date | Event | Price |
|---|---|---|
10/8/2024 | Price change | $3,518,000 -5% |
8/18/2024 | Price change | $3,688,000 -8% |
6/26/2024 | Price change | $3,988,000 -11% |
1/20/2024 | Price change | $4,480,000 -7% |
Listed by Richard Mao with Promax Investment & Develop
Listing Contact: 510-552-1687
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