2221 Railroad Avenue

Pittsburg, CA 94565

$4,800,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

A value added investment opportunity (with 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. 5.5% investment return cap rate. 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.A value added investment opportunity (with 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. 5.5% investment return cap rate. 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.
  1. Listed by Richard Mao • DRE #01208299 • Promax Investment & Develop

Property Details for 2221 Railroad Avenue

Parking Spaces Total
39
Zoning
cn
Directions
Hwy4 exit Railroad Cross Street: E. Leland.
LISTING UPDATED: 01/12/2024 07:32 PM

Property Details for 2221 Railroad Avenue

StatusActive
MLS #41046945
Days on Compass313
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeCommercial Sale
Year Built1989
Lot Size0.66 AC / 28,749 SF
CountyContra Costa County

Building Information for 2221 Railroad Avenue

Stories-Residences-Year Built1989Lot Size0.66 AC / 28,749 SF

Property Information for 2221 Railroad Avenue

Income / Expense / Tax Details
Income Details
  • Net Operating Income: $265,416
  • Cap Rate: 5.5
Expense Details
  • Operating Expense: $57,309
Tax / Assessment Info
  • Tax Annual Amount: $20,870
Property / Structure Info
Exterior Features
  • Construction Materials: Stucco, Wood Siding
  • Roof: Composition
Land/Lot Info
  • Land Use: Retail

Property History for 2221 Railroad Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 2221 Railroad Avenue

This home is within Pittsburg Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Highlands Elementary School
PublicK to 5

Hillview Junior High School
Public6 to 8

Pittsburg Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2221 Railroad Avenue is for sale in Pittsburg, CA 94565. This property was listed for sale on January 6, 2024 by Promax Investment & Develop, it's currently listed at $4,800,000. This listing's school district is Pittsburg Unified School District. Nearby schools include Highlands Elementary School, Hillview Junior High School and Pittsburg Senior High School. 2221 Railroad Avenue is a 0-bed, 0-bath, built in 1989.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Promax Investment & Develop, Richard Mao, DRE #01208299

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.