Upgraded 8-Unit Apartment
193 Ramona Pittsburg, CA 94565
193 Ramona, Pittsburg, CA, 94565
$1,950,000
For Sale
$1,950,000
Meticulously maintained, upgraded 8-unit apartment building in a desirable location.
Property Size6,006 SF
Price / SF$324.68
Days on Market405
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 Checked: Mar 16 at 9:09 am
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.
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 | $182.3k | $30.36 |
| − Vacancy | −$8.8k | −$1.46 |
| EGI | $173.6k | $28.90 |
| − OpEx | −$78.1k | −$13.01 |
| NOI | $95.5k | $15.90 |
6,006 SF · lease $30.36/SF/yr · vacancy 4.80% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
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.
