109 Alturas Ave | Pittsburg, CA 94565
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- LoopNet Team
109 Alturas Ave
Pittsburg, CA 94565
109 Alturas Ave · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Strong Rental Market – currently 3.4% vacancy, 5.6% Year Over Year rent growth, average annual rent growth of 5.1 for the last decade.
- Attractive Market for Price sensitive renters - Average rent in Pittsburg is significantly lower than the East Bay average.
- Low operating costs - each unit is individually metered for PG&E and each unit has it’s own water heater.
- Well-maintained - All kitchens have been updated during the current ownership, with new appliances, flooring, cabinetry and countertops.
- Current rents 23% below average rent for the market.
- Off-street and garage parking – Additional revenue streams possible from renting garages as storage units and providing laundry facilities.
PROPERTY FACTS
| No. Units | 4 | Building Size | 2,897 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1953 |
| Building Class | C | Parking Ratio | 1.73/1,000 SF |
| Lot Size | 0.22 AC | ||
| Zoning | RM - Medium-Density Residential District | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 2,897 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 1.73/1,000 SF |
| Zoning | RM - Medium-Density Residential District |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 087-102-027-7 | Improvements Assessment | $578,358 |
| Land Assessment | $477,543 | Total Assessment | $1,055,901 |
PROPERTY TAXES
Parcel Number
087-102-027-7
Land Assessment
$477,543
Improvements Assessment
$578,358
Total Assessment
$1,055,901
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