Multi-Unit Residential Income
1241-1249 Beacon Street Pittsburg, CA 94565
1241-1249 Beacon Street, Pittsburg, CA, 94565
$599,000
For Sale
$599,000
Well-maintained multi-unit property with one unit delivered vacant and recently updated.
Property Size1,680 SF
Price / SF$356.55
Days on Market127
Property Features for 1241-1249 Beacon Street
General Information
- Standard status
- Active
- Size
- 1,680 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1979
Listing agency
Bay One Realty
(415) 992-1938
Listed by
Junie Ngai · License #01864306
(415) 992-1938
Source
Exitrealty
Added: Mar 18 Updated: Jul 22 at 7:14AM Checked: Jul 22 at 7:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bay One Realty
Investment Insights
Based on property information with market context.
This well-maintained multi-unit residential property is offered for sale as a primary and investment option. The building includes multiple units with functional layouts and comfortable living spaces. One unit will be delivered vacant and recently updated, providing flexibility for an owner-occupant and rental income from the remaining units.
The property is located in the heart of Pittsburg, with convenience to schools, shopping, dining, and major transportation routes. Easy access to Highway 4 and nearby BART stations supports commuter connectivity.
The asset totals approximately 1,680 square feet and is positioned for buyers seeking additional income with a property that includes at least one recently updated, vacant unit at delivery.
The property is located in the heart of Pittsburg, with convenience to schools, shopping, dining, and major transportation routes. Easy access to Highway 4 and nearby BART stations supports commuter connectivity.
The asset totals approximately 1,680 square feet and is positioned for buyers seeking additional income with a property that includes at least one recently updated, vacant unit at delivery.
Key Highlights
- Multi‑unit property built in 1979 at 12411249 Beacon St
- Well‑maintained multi‑unit with one unit delivered vacant and recently updated
- Designed for owner‑occupant living while generating rental income from the remaining units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.0k | $30.36 |
| − Vacancy | −$2.4k | −$1.46 |
| EGI | $48.6k | $28.90 |
| − OpEx | −$21.9k | −$13.01 |
| NOI | $26.7k | $15.90 |
1,680 SF · lease $30.36/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$381.5K
$333.8K – $445.1K
NOI $26,706 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$635.0K
$555.7K – $740.9K
NOI $44,453 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Well-maintained multi-unit property with one unit delivered vacant and recently updated.
Where is this multifamily property located?
The property is located at 1241-1249 Beacon Street Pittsburg, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Multi‑unit property built in 1979 at 12411249 Beacon St; Well‑maintained multi‑unit with one unit delivered vacant and recently updated; Designed for owner‑occupant living while generating rental income from the remaining units
