Four-Unit Multifamily
For Sale
$975,000
1970 Powell St, San Pablo, CA 94806
Three residences have been remodeled, and shared laundry and individually metered units support day-to-day operations.
Property Size2,912 SF
Price / SF$334.82
Days on Market8
Property Features for 1970 Powell St
General Information
Standard status
Active
Size
2,912 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Multifamily Units
4
Amenities
privacy-fenced greenspace
individually metered units
onsite laundry room
Listing Agency:
eXp Realty of California, Inc
(888) 832-7179
Listed By:
Rick Warner
(415) 302-6348
Source:
Exprealty
Added: Sep 30
Changed: Oct 5
Last Checked: Oct 5 at 10:19PM
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 eXp Realty of California, Inc
Investment Insights
Based on property information with market context.
This four-unit multifamily property includes three remodeled residences and one additional unit with room for further improvement. Renovated interiors feature luxury vinyl plank flooring, updated fixtures and finishes, and natural light. One residence is staged, while a shared laundry room is equipped with a washer and dryer. The property also has a privacy-fenced greenspace and on-site parking.
Built in 1961, the property is located at 1970 Powell St in San Pablo. Walk Score is 86, Bike Score is 76, and Transit Score is 54.
Built in 1961, the property is located at 1970 Powell St in San Pablo. Walk Score is 86, Bike Score is 76, and Transit Score is 54.
Key Highlights
- Four residential units
- Three units have been remodeled; the fourth offers further improvement potential
- Individually metered units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,856
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,120
$997.1K
Cap Rate 7%
$712,229
$712.2K
Cap Rate 9%
$553,956
$554.0K
Market Conditions
NOI Build-Up for 2,912 SF
Gross rent
$75.1K $25.80/SF
− Vacancy
−$3.9K −$1.34/SF
EGI
$71.2K $24.46/SF
− OpEx
−$21.4K −$7.34/SF
NOI
$49.9K $17.12/SF
Area
Contra Costa County, CA
Vacancy
5.20%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,120
Cap Rate 7%
$712,229
Cap Rate 9%
$553,956
Alternative Uses
Best Use
Multifamily LT 5
$712.2K
$623.2K – $830.9K
NOI $49,856 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$661.3K
$578.6K – $771.5K
NOI $46,291 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$1.10M
$963.2K – $1.28M
NOI $77,052 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,333
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
Check the figures for this property
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?
Quadplex - Three residences have been remodeled, and shared laundry and individually metered units support day-to-day operations.
Where is this quadplex located?
The property is located at 1970 Powell St San Pablo, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four residential units; Three units have been remodeled; the fourth offers further improvement potential; Individually metered units
