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 Market496
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
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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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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.
