2001 Broadway AVE, San Pablo, CA 94806
- $4,250,000
- 18,711
- SqFt
Listed by Ismael Benhamida, 408-373-6195 from Compass
(If provided) CoList: Hanna John Azar from Compass
- List Price
- $4,250,000
- MLS#
- ML82056742
- Status
- ACTIVE
- Sqft. of Residence
- 18,711
- Lot Size
- 30,675
- Listing Area
- San Pablo Proper
- Year Built
- 1993
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.
Additional Information
- Cooling System
- None
- Foundation
- Concrete Perimeter and Slab
- Garage Parking
- Assigned Spaces
- Heating System
- Electric
- Living Area
- 18,711
- Lot Size
- 30,675
- Neighborhood
- San Pablo Proper
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Tar and Gravel, Tile
- Sewer
- Sewer - Public
- Zoning
- RMU
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