24-Unit Apartment Building with
2001 BROADWAY AVE San Pablo, CA 94806
For Sale
Contact for pricing
Newer-built 24-unit apartment building with private patios or balconies and a ground-floor amenity room.
Property Size18,711 SF
Lot Size0.70 Acres
Price / SF$253.86
Days on Market87
Property Features for 2001 BROADWAY AVE
General Information
- Standard status
- Active
- Size
- 18,711 SF
- Lot size
- 0.70 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1993
Listing Agency:
Compass
(415) 345-3000
Listed By:
Ismael Benhamida · License #CA 01722847
Source:
Crexi
Added: Apr 29
Changed: Jul 23
Last Checked: Jul 24 at 9:48AM
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 Compass
Investment Insights
Based on property information with market context.
Casa Linda Apartments is a 1993-built 24-unit multifamily property that was originally developed as senior housing. The building includes a full fire sprinkler system, elevator access, and a tile roof. Each unit offers private outdoor space, including patios, balconies, or backyards. A large ground-floor amenity room provides flexible space for tenant-focused uses, and it may be considered for conversion into an additional accessory dwelling unit (ADU), subject to buyer verification and local approvals.
The property is located on a 30,675 square foot lot at 2001 Broadway Ave in San Pablo, in western Contra Costa County. The surrounding area provides convenient access to major Bay Area employment and education centers and offers regional connectivity via nearby Richmond BART, AC Transit bus service, and Amtrak Richmond Station, with immediate access to Interstates 80 and 580.
For operations and revenue enhancement, the property presents multiple pathways, including potential expansion of laundry facilities, implementation of a Ratio Utility Billing System (RUBS), selective interior renovations, and targeted exterior upgrades. Additional upside may also be available through potential ADU development and amenity enhancements, subject to approvals.
The property is located on a 30,675 square foot lot at 2001 Broadway Ave in San Pablo, in western Contra Costa County. The surrounding area provides convenient access to major Bay Area employment and education centers and offers regional connectivity via nearby Richmond BART, AC Transit bus service, and Amtrak Richmond Station, with immediate access to Interstates 80 and 580.
For operations and revenue enhancement, the property presents multiple pathways, including potential expansion of laundry facilities, implementation of a Ratio Utility Billing System (RUBS), selective interior renovations, and targeted exterior upgrades. Additional upside may also be available through potential ADU development and amenity enhancements, subject to approvals.
Key Highlights
- 24‑unit multifamily building built in 1993 on a 30,675 SF lot
- 18,711 SF building previously used as a senior housing facility; currently operated as market rate apartments for the last 25 years
- Full fire sprinkler system, elevator access, and tile roof
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 | $568.1k | $30.36 |
| − Vacancy | −$27.3k | −$1.46 |
| EGI | $540.8k | $28.90 |
| − OpEx | −$243.4k | −$13.01 |
| NOI | $297.4k | $15.90 |
18,711 SF · lease $30.36/SF/yr · vacancy 4.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.25M
$3.72M – $4.96M
NOI $297,439 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.07M
$6.19M – $8.25M
NOI $495,093 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Newer-built 24-unit apartment building with private patios or balconies and a ground-floor amenity room.
Where is this apartment building located?
The property is located at 2001 BROADWAY AVE San Pablo, CA.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: 24‑unit multifamily building built in 1993 on a 30,675 SF lot; 18,711 SF building previously used as a senior housing facility; currently operated as market rate apartments for the last 25 years; Full fire sprinkler system, elevator access, and tile roof
