Bought with Non-member 999999 • Datashare BAREIS Default Office Don't Delete
$995,000
$995,000
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109 Alturas Avenue Pittsburg, CA 94565
2,897 SqFt
Key Details
Sold Price $995,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,897 sqft
Price per Sqft $343
Subdivision Woodland Hills
MLS Listing ID 40982932
Sold Date 03/17/22
HOA Y/N No
Originating Board Bridge AOR
Year Built 1953
Lot Size 9,800 Sqft
Property Description
The property has been meticulously maintained and updated over the past 6 years of the current ownership. Two 2-bed, 1-bath, one 1-bed + den, 1-bath unit, and one 1-bed, 1-bat unit. All units have been updated with new kitchens, individually metered for PG&E, include outdoor patio, water heater, dual pane vinyl windows and newer flooring. Current rents are 23% below the market average promising solid future revenue growth while still providing solid cash flow day one. The Pittsburg market has been one of the strongest performing rental markets in the Bay Area with a 3.4% current vacancy rate, 5.6% YOY rent growth and an average annual rent growth of 5.1% over the past decade. Ideal Pittsburg location just off of Railroad Avenue, the local elementary and junior high schools and a number of national retailers are all within easy walking distance of the property. Pittsburg BART station, and H4 on- and off-ramps are less than a mile away.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring None
Fireplace No
Appliance Gas Water Heater
Exterior
View None
Parking Type Garage, Off Street
Building
Lot Description None
Water Public
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