2221 Railroad Ave Pittsburg, CA 94565
- Commercial real estate
- 0.66 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2221 Railroad Ave
- Year built
- 1989
- Lot size
- 0.66 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 12-unit commercial property situated on a 0.66-acre lot at 2221 Railroad Ave in Pittsburg, CA. Priced at $3,288,000, this property offers a compelling 8% capitalization rate, driven by a stable tenant base primarily comprised of service-oriented businesses. Eleven of the twelve units are currently rented, with the remaining unit utilized for storage, presenting a potential for immediate additional income. Tenants are responsible for all interior maintenance and repairs, minimizing owner responsibilities. Annual rent and CAM charges experience a consistent 4-4.5% yearly increase, ensuring a steadily growing return on investment. The property enjoys a high occupancy rate and benefits from a prime location on a busy thoroughfare, adjacent to a Starbucks and in close proximity to major freeway access, schools, and BART. This value-added investment is poised for continued success, offering a strong foundation for long-term growth and profitability. The property's strategic location and stable tenancy make it an attractive proposition for discerning investors seeking a reliable and high-yielding asset. The current owner's proactive management has established a solid foundation for future success.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pittsburg
- County
- Contra Costa
- State
- California
- Longitude
- -121.89
- Latitude
- 38.0136
