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36 Alan Ct
San Pablo, CA 94806
4-Unit Multifamily Located in San Pablo Hills · Multifamily Property For Sale · 4 Units

PROPERTY FACTS

No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Lot Size 0.20 AC
Building Size 3,120 SF
No. Stories 2
Year Built 1962
Parking Ratio 1.28/1,000 SF

ABOUT 36 ALAN CT , SAN PABLO, CA 94806

NAI Northern California is pleased to present 36 Alan Ct a 4-unit multifamily property in a prime NON-RENT CONTROL San Pablo location. The property is ideal for value-add investors with potential rental upside of 40% or greater and a pro-forma cap rate of 6.35%. Because it is under 5 units it also qualifies for residential financing allowing for a 30-year fixed loan at historically low interest rates providing significant cash flow long term. The property features all 2 bedroom 1 bathroom units, each with private enclosed balcony, 1 covered and 1 open parking stalls, on-site coin-operated laundry facility, and all units are individually metered for PG&E. The property is located in the San Pablo Hills less than 2 minutes north-east of the San Pablo Dam Rd on and off ramps to I-80 and 10 minutes from the El Cerrito Del Norte BART Station providing tenants with a number of convenient commuting options to the major employment centers of the Bay Area. Additionally, major retailers, Starbucks, McDonalds, Walgreens, Raley’s Supermarket, Wells Fargo, Bank of America, Citi Bank, Jack in the Box, Taco Bell, Denny’s and Casino San Pablo are all within 5 minutes of the property.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 4 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
420-051-035-4
Land Assessment
$341,638
Improvements Assessment
$683,285
Total Assessment
$1,024,923
  • Listing ID: 15716458

  • Date on Market: 4/12/2019

  • Last Updated:

  • Address: 36 Alan Ct, San Pablo, CA 94806

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