Multifamily Property with Fenced
New
For Sale
$988,888
1421 Bush Ave, San Pablo, CA 94806
A 1959-built property offers off-street parking and wall-furnace heating.
Property Size2,002 SF
Price / SF$493.95
Days on Market5
Property Features for 1421 Bush Ave
General Information
Standard status
Active
Size
2,002 SF
Property subtype
Residential Income
Amenities
Other
Wall Furnace
Fenced
Off Street, Other
Building Details
Building Size
2,002 SF
Year Built
1959
Listing Agency:
Security Pacific Real Estate
Listed By:
Jordan Burns · License #01997249
(707) 344-5233
Source:
Evrealestate
Added: Oct 9
Changed: Oct 13
Last Checked: Oct 12 at 7:43PM
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 Security Pacific Real Estate
Investment Insights
Based on property information with market context.
This multifamily property was built in 1959 and contains 2,002 square feet. Interior heating is provided by a wall furnace, and the grounds are fenced. Off-street parking is available.
The property is located at 1421 Bush Ave in San Pablo, Contra Costa County. Access directions reference San Pablo Avenue and Rumrill Boulevard.
The property is located at 1421 Bush Ave in San Pablo, Contra Costa County. Access directions reference San Pablo Avenue and Rumrill Boulevard.
Key Highlights
- 2,002 square feet of multifamily property
- Built in 1959
- Fenced grounds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,825
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,500
$636.5K
Cap Rate 7%
$454,643
$454.6K
Cap Rate 9%
$353,611
$353.6K
Market Conditions
NOI Build-Up for 2,002 SF
Gross rent
$60.8K $30.36/SF
− Vacancy
−$2.9K −$1.46/SF
EGI
$57.9K $28.90/SF
− OpEx
−$26.0K −$13.01/SF
NOI
$31.8K $15.90/SF
Area
Contra Costa County, CA
Vacancy
4.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$636,500
Cap Rate 7%
$454,643
Cap Rate 9%
$353,611
Alternative Uses
Best Use
Apartment 5plus
$454.6K
$397.8K – $530.4K
NOI $31,825 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$756.8K
$662.2K – $882.9K
NOI $52,973 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Explore this area
Business Placement
Demographics for 94806, CA
64,589
Population
21,360
Households
3
Avg Household Size
36
Median Age
23%
College-Educated
79%
High-School Grad
7.9 sq mi
ZIP Area
8,176
Density / Sq Mi
$82,818
Median Household Income
$43,355
Median Earnings
$2,013
Median Rent
$582,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - A 1959-built property offers off-street parking and wall-furnace heating.
Where is this multifamily property located?
The property is located at 1421 Bush Ave San Pablo, CA.
What is the asking price?
The asking price for this property is $988,888.
What are key features of this property?
This property features: 2,002 square feet of multifamily property; Built in 1959; Fenced grounds
