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Listed by Davide Pio • BCRE
$975,000
Est. payment /mo
6 Beds
4 Baths
4,942 SqFt
Price Dropped by $25K
516 1St St Rodeo, CA 94572
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Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,942 sqft
Price per Sqft $197
MLS Listing ID CC41056680
Bedrooms 6
Originating Board Contra Costa Association of Realtors
Year Built 1949
Lot Size 0.355 Acres
Property Sub-Type Five or More Units
Property Description
Cap Rate - 8.53% (Current) | GRM - 6.32 (Current) vs Cap Rate - 9.62% (Proforma) | GRM - 6.16 (Proforma). TO BE SOLD IN CONJUNCTION W 524-528 1st St. Two (2) parcels can be purchased jointly for a total of seven (7) units. 516 1st St has a total of four (4) living units consisting of (2) 2 bed / 1 bath, (1) 1 bed / 1 bath, and (1) studio unit and a shed in the rear. 524-528 1st St consists of a small office space, (1) 3 bed / 1 bath unit with a sizable back yard, (1) 2 bed / 1 bath unit, a storage space, and 2 car garage. Seller financing allows for flexibility for an investor to acquire the asset which has had most units updated. Along with rent growth in this desirable East Bay suburb, the buyer can update the electric/gas systems to more accurately distribute and pass on expenses to the tenants. Located in quaint downtown Rodeo, the property is located in proximity to local businesses as well as San Pablo Bay. A short drive provides quick access to Highway 80 allowing easy connects to Vallejo, Berkeley, Oakland and San Francisco.
Location
State CA
County Contra Costa
Area Other Area
Interior
Heating Wall Furnace
Cooling Other, Ceiling Fan
Flooring Other
Exterior
Exterior Feature Stucco, Wood Frame, Brick
Parking Features Detached Garage, Other, RV/Boat Parking
Garage Spaces 2.0
Roof Type Other
Building
Lot Description Grade - Level
Sewer Sewer - Public
Water Public
Others
Tax ID 357-041-003-9
Special Listing Condition Not Applicable
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