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524-526 1st St
Rodeo, CA 94572 Outer Richmond/Martinez

$1,000,000 USD

Apartments For Sale • 1,837 SF

Property Details

Property Type Apartments
Total Building Size 4,942 SF
Lot Size 0.35 AC
Building Class C
Year Built 1949
Cap Rate 8.44 %
Zoning M-2 / MU-2

0 Transit Score

71 Walk Score

                
                    Highlights
                
                                Attractive Seller Financing: Owner open to seller financing with 40%+ down, 25 year amortization for a term of no longer than 3 years.
                            
                                Varying Unit Mix: (1) 3 bed / 1 bath, (3) 2 bed / 1 bath, (1) 1 bed / 1 bath, a non conforming studio and small occupied office.
                            
                                Upside in Utility Separation: Most units have combined utility bills and are not being billed properly. RUBS can be implemented.

Financial Summary (Actual)

Net Operating Income: $84,356 USD (2024)

Cap Rate:	8.44 %
Total Expenses:	$60,055 USD

Amenities

Fenced Lot

Public Transportation

Airport	Drive	Walk	Distance
Metro Oakland International	39 min	-	29.2 mi
San Francisco International	51 min	-	36.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	2
Type:	TwoCarGarage
Included in Rent:	Yes

Davide Pio 510-815-2000 BCRE

524-526 1st St Rodeo, CA 94572 Outer Richmond/Martinez