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950 East St

7 Unit Apartment Building $2,337,408 CAD ($333,915 CAD/Unit) 6.62% Cap Rate Pittsburg, CA 94565

Investment Highlights

  • Prime Old Town Pittsburg Location
  • Secured building with Gated Parking
  • New Roof (2023)
  • Many Recent Upgrades and Renovations
  • 2 Remodeled Units Delivered Vacant

Executive Summary

Lee & Associates is pleased to present 950-952 East St, a beautiful 7-unit multifamily property located near the historic Old Town Pittsburg. Built-in 1934, this charming property comprises seven (7) units (one non-conforming). The spacious and bright units feature a mix of four (4) 2-bedroom units and (3) 1-bedroom units. The current ownership has done a remarkable job over the past 30+ years, maintaining the building in immaculate condition. Recent upgrades include a new roof installed last year and full renovations of two units, featuring new kitchens, bathrooms, paint, and flooring, as well as many interior and exterior improvements over the years.
Located on a 0.12-acre lot, the property is fully secured with a gated front entry and driveway. This sizeable lot provides tenant parking, and a future owner could explore the possibility of adding ADUs or additional units. Situated in the heart of Pittsburg on a quiet street, this property offers a convenient location with easy access to Old Town Pittsburg. Residents will enjoy the vibrant atmosphere of Old Town, with its variety of dining, shopping, and entertainment options. The property is also well-connected to major transportation routes, making commuting a breeze.
This is a rare opportunity to acquire a well-maintained investment property with strong cash flow in a prime location. For more information and to schedule a tour, please contact Tyler Clark with Lee & Associates.

Property Facts

Price $2,337,408 CAD
Price Per Unit $333,915 CAD
Sale Type Investment
Cap Rate 6.62%
Gross Rent Multiplier 9.97
No. Units 7
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.11 AC
Building Size 4,872 SF
No. Stories 3
Year Built 1934

Unit Amenities

  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower
  • Freezer

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Gated
  • Walk-Up
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 3 - -
2+1 4 - -
Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
085-182-005-0
Land Assessment
$78,924 CAD
Improvements Assessment
$131,558 CAD
Total Assessment
$210,481 CAD
  • Listing ID: 32706233

  • Date on Market: 2024-08-06

  • Last Updated:

  • Address: 950 East St, Pittsburg, CA 94565

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