1539 Humboldt Ave, San Pablo, CA 94806
- $1,600,000
- 3,304
- SqFt
- List Price
- $1,600,000
- Status
- ACTIVE
- MLS#
- 41145950
- Year Built
- 1960
- Property Type
- 5 Or More Units
- Living Area
- 3,304
- Lot Size
- 6,000
- Acres
- 0.14
- County
- Contra Costa
- Subdivision
- San Pablo Prop
Property Description
1539 Humboldt Ave is an 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 thenants 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.
Additional Information
- Appliances
- Disposal, Free-Standing Range, Refrigerator
- Exterior
- Stucco
- Flooring
- Linoleum, Tile, Engineered Wood
- Laundry Features
- Common Area, Dryer, Laundry Closet, In Unit, Washer, Washer/Dryer Hookups
- Lot Description
- Rectangular Lot
- Parking Features
- Carports - 2 Or More, Off Site, Parking Lot
- Roof
- Composition Shingles
- Water Sewer
- Water District
Mortgage Calculator
Listing courtesy of Maurice Carbajal from GCM Realty & Loans. 510-387-7954
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