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45 W 10th St

Pittsburg, CA 94565

– beds
– baths
– sqft
12,500 sqft lot
1948 build
– on site

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%

Listed By CRMLS_CA / Monjid Aldiyyat / BHHS Drysdale Properties

Last checked: Checking… • Last updated Oct 21, 2024 •

MLS# 41076382 —

The Building

Year Built:

1948
Construction Materials:

Stucco
Total Number Of Units:

10

Location

Directions:

Downtown Pittsburg Cross Street: Railroad.
Latitude:

38.02810700
Longitude:

-121.88717200

The Property

Property Type:

Residential Income
Lot Features:

Corner Lot, Level with Street
Lot Size Area:

12500.0000
Lot Size Acres:

0.2870
Lot Size SqFt:

12500.00

Listing Agent

Contact info:

Taxes

Tax Census Tract:

na

The Listing

Parcel Number:

0852010057

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

None

Parking

Parking Spaces:

14.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/14/24 Oct 14, 2024	Listed / Active	CRMLS_CA	$2,350,000

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This multifamily located in Downtown Pittsburg, Pittsburg, CA 94565 is currently for sale for $2,350,000. 45 W 10th St is a – square foot multifamily with – beds and – baths that has been on Estately for 39 days. 45 W 10th St is in the Downtown Pittsburg neighborhood of Pittsburg and has a WalkScore® of 83, making it very walkable. This multifamily is in the attendance area of Martin Luther King Junior Middle School, Pittsburg High School, and Marina Vista Elementary School.

Listing Courtesy of: CRMLS_CA and BHHS Drysdale Properties. Based on information from California Regional Multiple Listing Service, Inc. as of 23:59 on Nov 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.