516 1St St Save Request In-Person Tour Request Virtual Tour
Rodeo,CA 94572
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,942 sqft
Price per Sqft $197
MLS Listing ID 41056680
HOA Y/N No
Year Built 1949
Lot Size 0.355 Acres
Acres 0.36
Property Sub-Type 5 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
Rooms
Basement None
Interior
Heating Wall Furnace,Other
Cooling Ceiling Fan(s),Other
Flooring Other
Fireplace No
Exterior
Total Parking Spaces 2
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 3570410039