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12-Unit Apartment Portfolio

3421-3427 California, Pittsburgh, PA 15212

For Sale
$995,000

Three vacant apartments provide leasing availability across a two-building property.

Property SizeContact for details
Days on Market51

Property Features for 3421-3427 California

General Information

Standard status Active
Total Parking Spaces 5
Property subtype Residential Income
Zoning RM-M, RM-M

Financials

Asking Price $1,100,000
Gross Income $88,932

Site & Location

Neighborhood Marshall-Shadeland

Additional Details

Multifamily Units 12
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $6,350

Building Details

Year Built 1910
Buildings 2
Construction brick
Listing Agency: REAL OF PENNSYLVANIA
Listed By: James Schons
Source: Indianlakerealty
Added: Sep 22 Changed: Nov 11 Last Checked: Nov 11 at 2:10AM

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 REAL OF PENNSYLVANIA

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Investment Insights

Based on property information with market context.

This Pittsburgh apartment portfolio combines two buildings at 3421 and 3427 California Avenue, with eight units in one and four in the other. Built in 1910, the properties feature brick construction, original hardwood millwork, and cast-iron radiator heating. Nine apartments are occupied, while three are vacant. Three active Section 8 contracts provide Housing Assistance Payment support, and the property at 3427 California Avenue includes a detached two-car garage.

Both buildings are on the same block and are offered together. The properties are zoned RM-M.

Key Highlights

  • 12 apartments across two buildings: 8 units at 3421 California Avenue and 4 at 3427 California Avenue
  • Three vacant apartments; nine occupied
  • Three active Section 8 contracts with Housing Assistance Payment support

Property Analytics

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

321
Businesses Nearby

Demographics for 15212, PA

27,016
Population
15,937
Households
1.7
Avg Household Size
38
Median Age
37%
College-Educated
92%
High-School Grad
5.8 sq mi
ZIP Area
4,658
Density / Sq Mi
$61,712
Median Household Income
$45,325
Median Earnings
$1,114
Median Rent
$167,200
Median Home Value

Market

Properties on Market for Apartment buildings in Pittsburgh

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Three vacant apartments provide leasing availability across a two-building property.
Where is this apartment building located?
The property is located at 3421-3427 California Pittsburgh, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 12 apartments across two buildings: 8 units at 3421 California Avenue and 4 at 3427 California Avenue; Three vacant apartments; nine occupied; Three active Section 8 contracts with Housing Assistance Payment support
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