Active

45 W 10th St

Pittsburg CA, 94565

$2,350,000


$310.27 per sqft

Active

7,574 sqft

Commercial

Built in 1948

We are pleased to present 25-45 W. 10th Street in Pittsburg, CA. The property is a well maintained three-story building located within minutes to Downtown Pittsburg and the marina. Built in 1948, the 7,574 square foot building boasts a unit mix of three (3) 3 bed/1 bath units, two (2) 2 bed/1 bath units, three (3) 1 bed/1 bath units, and two (2) studios. Current ownership has renovated five units upon turnover, four of which included extensive value add renovations. Renovated units offer hardwood flooring, two-pane vinyl windows, new paint, and charming original features throughout. Some units have beautiful views of the marina in the distance. The sale includes the adjacent parcel which is a 14 stall parking lot for the property. The property is separately metered for PG&E, and the owner pays for water and garbage. In addition to off-street parking, the property also has onsite laundry, and perimeter fencing. New investors have the opportunity to assume the current financing on the property with a current balance of $1,319,000 at an interest rate of 3.72% with eight years remaining. With this significant reduction from current market interest rates, a new investor can assume the loan and capture a tremendous year 1 cash-on-cash return of 8.6%

41076382

MLS ID

October 14, 2024

Listed

October 21, 2024

Updated

Map

45 W 10th St
Pittsburg CA, 94565

Interior Features

Interior Features

Other


Laundry Description

Laundry Equip - Leased


Floor Description

Laminate, Vinyl


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.29 Acres


Lot Features

Corner Lot, Level


Roof

Flat


Sewer

Public Sewer

Other Property Details

Area Name

Pittsburg


Garage

No


Parking

Guest, Parking Lot, Space Per Unit - 1, Uncovered Parking Space


View

No


County

Contra Costa


Water Source

Public


Pool

No

Listed by Monjid Aldiyyat with BHHS Drysdale Properties
Listing Contact: 925-588-6402 

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