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19-37 Washington St, Bay 12 Unit Apartment Building $2,250,000 ($187,500/Unit) 6.32% Cap Rate Bay Point, CA 94565
EXECUTIVE SUMMARY
Rare East Bay Investment with value-add upside Located in the path of the Bay Area's eastward expansion, 19-37 Washington Street offers 12 rentable units across two contiguous parcels. The property includes eight detached cottages and two duplexes, totaling approx. 9,000 sq ft on 0.39+\- acres. Unit mix features studios, 1BD, 2BD, and a single 3BD appealing to a wide tenant base. Four units have been renovated, and one remains ideal for repositioning. Gated perimeter with off-street parking and residential charm, this complex suits modern renter preferences. Close to Bay Point & Pittsburg BART, Hwy 4, and I-680, it attracts commuting tenants seeking space and value. Proximity to local shops, grocery, and restaurants further supports strong rental demand. A rare blend of in-place income, light value-add potential, and long-term growth in Contra Costa County.
PROPERTY FACTS
| Price | $2,250,000 | Building Class | C |
| Price Per Unit | $187,500 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 9,000 SF |
| Cap Rate | 6.32% | Average Occupancy | 92% |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment | Parking Ratio | 0.71/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | P-1 | ||
| Price | $2,250,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 6.32% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 9,000 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built | 1947 |
| Parking Ratio | 0.71/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | P-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Satellite TV
- Oven
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Trash Pickup - Curbside
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 350 |
| 1+1 | 3 | - | 400 |
| 2+1 | 5 | - | 575 |
| 3+1 | 1 | - | 750 |
PROPERTY TAXES
| Parcel Number | 095-031-012-8 | Improvements Assessment | $1,407,161 |
| Land Assessment | $649,458 | Total Assessment | $2,056,619 |
PROPERTY TAXES
Parcel Number
095-031-012-8
Land Assessment
$649,458
Improvements Assessment
$1,407,161
Total Assessment
$2,056,619
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19-37 Washington St, Bay
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