CA > Pittsburg
Pittsburg, CA 94565,2221 Railroad Ave
Pittsburg, CA 94565,2221 Railroad Ave
Pittsburg, CA 94565,2221 Railroad Ave
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$3,288,000
Est. payment /mo
0.66 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41046945

HOA Y/N No

Year Built 1989

Annual Tax Amount $20,870

Lot Size 0.660 Acres

Property Description

8% investment return cap rate. A value added investment opportunity (with 4%-4.5% annual rent and cam increasing every year). Very stable tenant base, most of units are occupied by service type tenants. Tenants are responsible for all interior maintenance and repair. High occupancy rate. Currently 12 units with 11 units are rented. the only vacant unit is used for storage. New owner may choose to rent it out for extra income. On major very busy street, next to Starbucks, close to freeway, schools, BART.

Location

State CA

County Contra Costa

Zoning cn

Interior

Fireplace No

Exterior

Roof Type Composition

Total Parking Spaces 39

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California Regional MLS (CRMLS)
Listed by Richard Mao • Promax Investment & Develop
agent-avatar

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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