1539 Humboldt Ave,San Pablo, CA 94806
San Pablo, CA 94806
Description
1539 Humboldt Ave is a 5-unit, 100% occupied multifamily asset in San Pablo priced at $320,00 per unit. In-place rents average $2,190 per month against $2,250 market rent. The deal trades at a 5.3% in-place cap rate (12.12x GRM), with a 5.68% pro forma cap rate (11.54x GRM) once rents reach market. The unit mix is uniform: four 830-square-foot two-bedroom, one-bath residences, most with full-size washer/dryer hookups and one larger unit at 900-square feet. Built in 1970, the property sits on a 6,000 SF lot at the end of a cul-de-sac with 3,304 square feet of building and 7 surface parking spaces. The property has direct access to Interstate 880 and proximity to Interstate 580 and the Richmond-San Rafael Bridge, connecting the tenants to Richmond, El Cerrito, San Rafael, and the broader Bay Area. El Cerrito Del Norte BART is a 10-minute drive, putting San Francisco roughly an hour away by transit. Shopping, entertainment, schools and parks are all nearby.
Details
| MLS # | 41145950 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 17 |
| Listing Provided By | GCM Realty & Loans | Maurice Carbajal |
Features
| Units | 5 |
|---|---|
| Acreage | 0.14 |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Stucco |
Taxes
| Property | 18618 |
|---|
Area Information
| State | CA |
|---|---|
| County | Contra Costa |
| City | San Pablo |
| Zip Code | 94806 |
| Community Name | SAN PABLO PROP |
| Listing VS Median (in SAN PABLO PROP) | |
Price: $1,600,000 low | high Med: $0 On site: 17 low | high Med: | |
Market Activity 94806
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Contra Costa |
| City | San Pablo |
| Zip Code | 94806 |
| Community Name | SAN PABLO PROP |
| Listing VS Median (in SAN PABLO PROP) | |
Price: $1,600,000 low | high Med: $0 On site: 17 low | high Med: | |
