12-Unit Apartment
New
For Sale
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3421 California Avenue, Pittsburgh, PA 15212
Two buildings combine occupied apartments with three vacant units and a detached garage.
Property SizeContact for details
Days on Market6
Property Features for 3421 California Avenue
General Information
Standard status
Active
Property subtype
Multifamily
Financials
Asking Price
$1,100,000
Gross Income
$88,932
Additional Details
Multifamily Units
12
Building Details
Buildings
2
Construction
brick
Listing Agency:
REAL of Pennsylvania
Listed By:
Jim Schons · License #PA AB069407
(412) 999-0722
Source:
Crexi
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 2:51PM
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 REAL of Pennsylvania
Investment Insights
Based on property information with market context.
This apartment portfolio comprises two brick buildings constructed circa 1910, with 12 units in total. Nine units are occupied and three are vacant. Interior details include original hardwood millwork, and the buildings use cast-iron radiator heating. A detached two-car garage is included with one of the buildings.
Three active Section 8 contracts provide Housing Assistance Payment income. The stated projected cap rate is 9.11%, based on leasing the vacant units to historical occupancy.
Three active Section 8 contracts provide Housing Assistance Payment income. The stated projected cap rate is 9.11%, based on leasing the vacant units to historical occupancy.
Key Highlights
- Two apartment buildings with 12 units total
- Three vacant units and nine occupied units
- Three active Section 8 Housing Assistance Payment contracts
Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings combine occupied apartments with three vacant units and a detached garage.
Where is this apartment building located?
The property is located at 3421 California Avenue Pittsburgh, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two apartment buildings with 12 units total; Three vacant units and nine occupied units; Three active Section 8 Housing Assistance Payment contracts
