128 Wood St California, PA 15419-1041
- Investment properties
- 0.28 lot acres
Current Use by Public Records
- Gerbera Store / Store
Property Details for 128 Wood St
- Lot size
- 0.28 lot acres
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 080-006-00-03-0001-00
- APU
- 800060003000100
Description
Exceptional investment opportunity in California, Pennsylvania! This mixed-use property at 128 Wood St boasts 52 apartment units – a mix of studios, one, two, three, and four-bedroom apartments totaling 74 beds – and a 1600+ sq ft commercial space, previously occupied by Quiznos. The property enjoys a prime location, just blocks from PennWest California University and minutes from California Technology Park, providing access to a large pool of potential tenants. The building features recent renovations, both interior and exterior, and includes valuable amenities such as an on-site gym, coin-operated laundry facilities, and a large basement with potential for additional income-generating tenant storage. Safety features are in place, including sprinklers, security cameras, and fire alarms. An 18-space parking lot is also included. The property sits on a 0.285-acre lot and is zoned C2. Currently operating at 80% occupancy, the property generates a strong Net Operating Income (NOI) of $129,969, representing a 7.91% cap rate. The asking price is $1,400,000. Owner financing is available. Utilities include electricity, natural gas, sewer, and water. Virtual tours are available online.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- California
- County
- Washington
- State
- Pennsylvania
- Longitude
- -79.8894
- Latitude
- 40.0678
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
