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2215 Dover Ave 6 Unit Apartment Building $1,495,000 ($249,167/Unit) 6.95% Cap Rate San Pablo, CA 94806
Investment Highlights
- Six Units Consisting of Two 3bd/1bth of Over 1,000 SqFt and Four 1bd/1bth of Nearly 700 SqFt.
- Located in the Growing and Non Rent Controlled City of San Pablo-Offering a Rare Blend of Cash Flow, Location, and Long-term Upside Potential
- 1:1 Parking, On Site Laundry, Easy to Maintain Landscaping, Recent Exterior Paint & Roof Resurfacing
- Conveniently Situated Near Shopping Centers, Schools, Kaiser Medical Center, Richmond Marina, and Easy Access to Public Transportation
Executive Summary
2215 Dover Ave is a well maintained six unit multifamily investment property located in San Pablo. It sits on a single parcel with two separate buildings arranged in an efficient L shaped configuration. The front duplex features two spacious three-bedroom, one-bath residences. The lower unit includes interior laundry, presenting an attractive owner occupant opportunity. The rear fourplex consists of four one bedroom, one bath units that provide stable and diversified rental income. Recent improvements include fresh exterior paint and roofs resurfaced in 2024, and other interior/exterior upgrades.
Positioned in a well established residential pocket of San Pablo, 2215 Dover Avenue benefits from immediate access to everyday amenities while maintaining strong regional connectivity. The property is minutes from Interstate 80, allowing efficient travel throughout the East Bay and beyond. Public transportation options are readily available, including AC Transit service along San Pablo Avenue and commuter access via the El Cerrito del Norte BART Station.
Positioned in a well established residential pocket of San Pablo, 2215 Dover Avenue benefits from immediate access to everyday amenities while maintaining strong regional connectivity. The property is minutes from Interstate 80, allowing efficient travel throughout the East Bay and beyond. Public transportation options are readily available, including AC Transit service along San Pablo Avenue and commuter access via the El Cerrito del Norte BART Station.
Property Facts
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 650 - 700 |
| 3+1 | 2 | - | 1,000 - 1,100 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 411-201-015-4 | Improvements Assessment | $651,742 |
| Land Assessment | $217,239 | Total Assessment | $868,981 |
Property Taxes
Parcel Number
411-201-015-4
Land Assessment
$217,239
Improvements Assessment
$651,742
Total Assessment
$868,981
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2215 Dover Ave
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