Upgraded 8-Unit Apartment
For Sale
$1,950,000
193 Ramona, Pittsburg, CA 94565
Meticulously maintained, upgraded 8-unit apartment building in a desirable location.
Property Size6,006 SF
Price / SF$324.68
Days on Market486
Property Features for 193 Ramona
General Information
Standard status
Active
Size
6,006 SF
Building Details
Year Built
1961
Listing Agency:
BCRE
Listed By:
LILI FALSKEN
Source:
Corcoran
Added: Jun 9, 2025
Changed: Mar 16
Last Checked: Apr 12 at 7:51PM
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 BCRE
Investment Insights
Based on property information with market context.
This meticulously maintained 8-unit apartment building offers a combination of modern upgrades and cash flow potential. The property features refreshed interiors and exteriors, renovated in 2020 with above-average finishes. A new electrical panel was installed within the past 1-2 years. The property is well-maintained with minimal deferred maintenance. Positioned in a desirable area with strong rental demand, this 6,006 square foot property is suited for investors looking for a stable, upgraded multifamily property with long-term appreciation potential.
Key Highlights
- Turnkey Operation: Well‑maintained property with minimal deferred maintenance.
- Recent Renovations: Fully refreshed interiors and exteriors (2020) with above‑average finishes.
- Prime Pittsburg Location: Positioned in a desirable area with strong rental demand.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,474
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,909,480
$1.9M
Cap Rate 7%
$1,363,914
$1.4M
Cap Rate 9%
$1,060,822
$1.1M
Market Conditions
NOI Build-Up for 6,006 SF
Gross rent
$182.3K $30.36/SF
− Vacancy
−$8.8K −$1.46/SF
EGI
$173.6K $28.90/SF
− OpEx
−$78.1K −$13.01/SF
NOI
$95.5K $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%
$1,909,480
Cap Rate 7%
$1,363,914
Cap Rate 9%
$1,060,822
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,474 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $158,919 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
Explore this area
Business Placement
Demographics for 94565, CA
100,341
Population
31,173
Households
3.2
Avg Household Size
35
Median Age
22%
College-Educated
78%
High-School Grad
45.3 sq mi
ZIP Area
2,215
Density / Sq Mi
$95,035
Median Household Income
$44,149
Median Earnings
$2,145
Median Rent
$563,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Meticulously maintained, upgraded 8-unit apartment building in a desirable location.
Where is this apartment building located?
The property is located at 193 Ramona Pittsburg, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Turnkey Operation: Well‑maintained property with minimal deferred maintenance.; Recent Renovations: Fully refreshed interiors and exteriors (2020) with above‑average finishes.; Prime Pittsburg Location: Positioned in a desirable area with strong rental demand.
