340 Cumberland StPittsburg, CA 94565

Property Details for 340 Cumberland St

Year built

1926

Construction

CONCRETE

Lot size

0.09 AC

Property size (Sq ft)

4,204 SF

Zone code

C-2

Property type

Office properties

Property subtype

Office buildings

APN

085-108-009-3

APU

851080093

Description

This exceptional newly remodeled building at 340 Cumberland St, Pittsburg, CA, presents a unique live/work opportunity, subject to city verification by the buyer. The ground floor boasts prime commercial space, ideal for a variety of businesses. Features include prominent building window signage, a dedicated visitor entry, an open work area perfect for collaboration, two private offices for focused work, a convenient guest half-bath, and a comfortable break room. Separate utility metering for the first and second floors ensures efficient cost management. Ample parking is available, with street parking directly in front and a free city parking lot conveniently located across the street. Upstairs, a completely separate residential unit offers a private entrance adjacent to the office entrance, providing ultimate flexibility and privacy. This spacious living area includes four bedrooms, a living room, a laundry room, a full bathroom plus a half-bath, and a modern kitchen equipped with stone countertops and updated cabinetry. The entire building is secured with a comprehensive alarm system. This property offers diverse income potential: owner-occupancy with a portion leased, leasing the entire building as an income property, or utilizing the entire space for a single business. The 0.09-acre lot provides a manageable footprint for this versatile property, priced at $799,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,941,668

  6.5%

  $1,792,309

  7%

  $1,664,287

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,388,554

  Geo Method

  $600,247

• Alternative Use

  Use

  Valuation

  Residential

  $2,222,463

  Hospitality

  $2,035,764

  Educational

  $1,693,732

  Medical

  $1,751,982

  Retail

  $2,634,694

Location Insight

City

Pittsburg

County

Contra Costa

State

California

Latitude

38.0329

Longitude

-121.883

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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