REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Matt Cossell

matt@mattcossellteam.com +1(408) 761-3271

Listed by Ismael Benhamida • Compass, DRE#01722847

$4,250,000

Est. payment - /mo

1 Bed

1 Bath

18,711 SqFt

Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 18,711 sqft

Price per Sqft $227

MLS Listing ID ML82056742

Bedrooms 1

Full Baths 1

Year Built 1993

Lot Size 0.704 Acres

Property Sub-Type Five or More Units

Property Description

Casa Linda Apartments is a rare 1993-built 24-unit multifamily in San Pablo, offered at $4,250,000 ($177,083/unit, $227/SF). Newer construction delivers institutional-quality infrastructure rare for the vintage: a full building fire-sprinkler system, elevator access, all-interior staircases and walkways, and a fully hardwired security camera system. All 24 units are 1BD/1BA with private outdoor space (patio, balcony, or yard). A large gated surface lot serves the property (no tuck-under parking). A ground-floor amenity room offers flexible tenant use or ADU-conversion potential. Priced at an attractive 7.0% current cap rate with strong value-add upside to an 8.67% market cap; GRM of 8.17 current / 7.03 market. Current monthly scheduled rent of $43,329 ($519,948/yr) grows to $50,400 ($604,800/yr) at market. NOI upside comes from light repositioning (paint, landscaping, community-room renovation), rent optimization, RUBS billing, and expanded laundry income. In western Contra Costa County with I-80/I-580 access and proximity to BART, AC Transit, and Amtrak. Strong East Bay rental demand, a housing shortage, proximity to major employers, and significant value-add and ADU potential make 2001 Broadway Avenue a great opportunity for both the cash flow and appreciation-minded investor.

Location

State CA

County Contra Costa

Area San Pablo Proper

Zoning RMU

Interior

Heating Electric

Cooling None

Exterior

Parking Features Assigned Spaces

Garage Spaces 24.0

Community Features Community Pool, Elevator

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Tar and Gravel,Tile

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 413-370-026

Security Features None

Special Listing Condition Not Applicable

Read Less Info

Get More Information

Matt Cossell

+1(408) 761-3271

Top 1% Realtor | License ID: 01382971

Top 1% Realtor License ID: 01382971

2001 Broadway AVE San Pablo, CA 94806

Matt Cossell

Key Details

Location

Interior

Exterior

Building

Others