503 Winslow St, Crockett, CA 94525-1249
- Apartment buildings
- 3,465 SF
- 0.11 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 503 Winslow St
- Year built
- 1908
- Lot size
- 0.11 lot acres
- Zone code
- R-6
- Property type
- Apartment buildings
- APN
- 354-075-009-2
- APU
- 3540750092
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 30, 2005 | $750,000 | Marshall R Donig | Dutra,marvin G | Grant Deed | — |
| Dec 30, 2005 | — | Marvin G Dutra | Dutra,beverly | Quit Claim Deed · related | — |
| May 22, 1979 | — | Dutra Marvin G Carole J|dutra Rob E | — | Grant Deed · related | — |
| May 7, 1969 | — | — | — | Grant Deed · related | — |
Description
This exceptional investment opportunity presents a 6-unit multifamily property in Crockett, CA, listed at $1,408,000. The property boasts two buildings situated on a 5,150 sq ft lot, comprising a 4-plex and a duplex. Each unit offers either in-unit laundry or hookups, enhancing tenant appeal. The property features 3 garages and additional on-site parking, a significant advantage for tenants. Individual PG&E meters simplify utility management. Built in 1962, the 3,042 sq ft net rentable space generates a strong NOI of $81,464, resulting in a compelling 5.79% cap rate. The price per unit is $234,667. Located in Crockett's unincorporated area, this investment avoids potential future rent control regulations. The property's location offers scenic waterfront views and proximity to the Carquinez Bridge and the C&H Sugar Factory, adding to its appeal. Seller financing is available, making this a particularly attractive proposition for investors seeking a value-add opportunity with significant upside potential. This property is ideal for both seasoned investors and those new to the market, offering a blend of strong current income and future appreciation potential. The tranquil setting and convenient amenities combine to create a highly desirable rental property in a charming waterfront community.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $920,000
- 6.5%
- $845,000
- 7%
- $785,000
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $945,000 Current use
- AUTO REPAIR, GARAGE
- $920,000 Change: -3% Conversion: Difficult
- RETAIL STORES
- $835,000 Change: -12% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Crockett
- County
- Contra Costa
- State
- California
- Longitude
- -122.214
- Latitude
- 38.0551
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
