4
See all 4 photos
$1,600,000
Est. payment /mo
5,998 Sqft Lot
Active
1539 Humboldt Ave San Pablo, CA 94806
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision San Pablo Prop
MLS Listing ID 41145950
HOA Y/N No
Year Built 1960
Annual Tax Amount $18,618
Lot Size 5,998 Sqft
Property Description
1539 Humboldt Ave is a 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 the tenants 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.
Location
State CA
County Contra Costa
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 6
Others
Tax ID 4170420022
Listed by Maurice Carbajal GCM Realty & Loans #01415783
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