2001 Broadway Avenue,San Pablo, CA 94806
San Pablo, CA 94806
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.
Details
| MLS # | ML82056742 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1993 |
| Days On Site | 16 |
| Listing Provided By | Compass | Ismael Benhamida |
Features
| SQ Feet | 18,711 |
|---|---|
| Building(s) | 1 |
| Zoning | RMU |
| Acreage | 0.70 |
Interior
| Cooling | None |
|---|---|
| Heating | Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Tar Gravel, Tile |
|---|
Taxes
| Property | 61771 |
|---|
Area Information
| State | CA |
|---|---|
| County | Contra Costa |
| City | San Pablo |
| Zip Code | 94806 |
| Area | 699 Not Defined |
| Listing VS Median (in 94806) | |
Price: $4,250,000 low | high Med: $4,250,000 sqft: 18,711 low | high Med: 18,711 $ / sqft: $227 low | high Med: $227 On site: 16 low | high Med: 16 | |
Market Activity 94806
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Learn More About This Property
| State | CA |
|---|---|
| County | Contra Costa |
| City | San Pablo |
| Zip Code | 94806 |
| Area | 699 Not Defined |
| Listing VS Median (in 94806) | |
Price: $4,250,000 low | high Med: $4,250,000 sqft: 18,711 low | high Med: 18,711 $ / sqft: $227 low | high Med: $227 On site: 16 low | high Med: 16 | |