About 815 San Pablo Ave
Cap Rate - 4.48% | GRM - 13.03 (Current) vs Cap Rate - 4.73% | GRM - 12.60 (Proforma). The apartment features four (4) apartment units, two of which are 2 beds / 1 bath and the other two are studio units, as well as an owner-occupied commercial space. The owners went above and beyond showing pride in ownership construction and meticulous maintenance since it’s completion in 2001. A 4-car garage and 5-space parking lot as well as a coin-op laundry room provide additional income. Newer construction helps keep costs low and insurance requests to a minimum. Turn key investment with upside in rents but also in the potential conversion of the commercial space (tbd by buyer). Finding an apartment in the predominantly single-family home suburbs of Pinole is difficult, and one of newer construction is even more rare. Walking distance to various restaurants, and a short drive to local establishments in nearby Hercules, El Sobrante, and other parts of Pinole. A short drive provides quick access to Highway 80 allowing easy connections to San Francisco, Berkeley, and Oakland.
Features of 815 San Pablo Ave
| MLS® # | 41089083 |
|---|---|
| Price | $1,600,000 |
| Square Footage | 4,588 |
| Acres | 0.20 |
| Year Built | 2001 |
| Type | COMM RI MULTI-UNITS 5+ |
| Sub-Type | 5 or More Units |
| Status | Active |
Community Information
| Address | 815 San Pablo Ave |
|---|---|
| Subdivision | Other |
| City | Pinole |
| County | Contra Costa |
| State | CA |
| Zip Code | 94564 |
Amenities
| Utilities | Individual Electric Meter, Individual Gas Meter |
|---|---|
| Parking Spaces | 9 |
| Parking | Detached, Enclosed, Garage, Guest, On Street, Uncovered Parking Space |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dryer, Washer, Gas Water Heater |
|---|---|
| Heating | Forced Air, Heat Pump |
| Cooling | Ceiling Fan(s), Central Air |
| Fireplace | No |
Exterior
| Lot Description | Corner Lot, Paved |
|---|---|
| Roof | Shingle |
| Construction | Stucco |
Additional Information
| Date Listed | March 12th, 2025 |
|---|---|
| Zoning | CMU |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Davide Pio |
|---|---|
| Office | BCRE |