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1539 Humboldt Ave 5 Unit Apartment Building $1,600,000 ($320,000/Unit) 5.30% Cap Rate San Pablo, CA 94806
Investment Highlights
- 5-Unit Multifamily Investment – Five 2-bedroom units in the San Pablo submarket.
- Excellent Freeway Access – Convenient proximity to I-80 and San Pablo Dam Road, connecting the property to Richmond, Berkeley, Oakland, and Bay Area.
- 100% Occupied – Currently reporting a 0% vacancy rate, providing stable in-place occupancy.
- Transit Connectivity – Approximately 3.3 miles from the Richmond Amtrak/Capitol Corridor station.
Executive Summary
GCM Realty is pleased to present the opportunity to acquire 1539 Humboldt Ave, a 5-unit multifamily property located in the San Pablo submarket of San Pablo, CA. Built in 1960, the property consists of five (5) two-bedroom units totaling approximately 3,304 SF on a 0.14-acre parcel. The property is currently 100% occupied, providing stable in-place operations in a submarket with a 4.7% vacancy rate and average market rents of approximately $1,993 per unit. The property also benefits from eight covered parking spaces and convenient access to I-80 and San Pablo Dam Road. Located within a designated Opportunity Zone, 1539 Humboldt Ave offers investors a well-located East Bay multifamily asset with strong occupancy and long-term investment potential.
Property Facts
| Price | $1,600,000 | Building Class | C |
| Price Per Unit | $320,000 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,304 SF |
| Cap Rate | 5.30% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.12 | No. Stories | 1 |
| No. Units | 5 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.51/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MFR, San Pablo | ||
| Price | $1,600,000 |
| Price Per Unit | $320,000 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Gross Rent Multiplier | 12.12 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,304 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.51/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MFR, San Pablo |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 417-042-002-2 | Improvements Assessment | $532,705 |
| Land Assessment | $473,516 | Total Assessment | $1,006,221 |
Property Taxes
Parcel Number
417-042-002-2
Land Assessment
$473,516
Improvements Assessment
$532,705
Total Assessment
$1,006,221
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1539 Humboldt Ave