5480 Shasta Ave 6 Unit Apartment Building $1,585,000 ($264,167/Unit) 6.98% Cap Rate San Pablo, CA 94806

Welcome to 5480 Shasta Avenue, a six-unit apartment building offering an exceptional investment opportunity with immediate cash flow and significant value-add potential in the heart of San Pablo. Built in 1962, this attractive multifamily property features a highly desirable unit mix of six spacious 2-bedroom, 1-bathroom apartments, including one vacant unit that provides immediate leasing or owner-user flexibility, while the remaining long-term tenants offer stable income with below-market rents, creating substantial upside through future rental growth. Recent capital improvements, including a newer roof, help minimize near-term maintenance costs, and the approximately 6,450-square-foot lot offers ample off-street parking and convenient on-site laundry for tenants. Ideally situated in a strong East Bay rental market, the property enjoys easy access to Interstate 80, Richmond Parkway, San Pablo Avenue, BART, Contra Costa College, Kaiser Permanente, shopping, restaurants, and Wildcat Canyon Regional Park, providing excellent connectivity to Oakland, Berkeley, San Francisco, and other major employment centers. With an estimated ~7% pro forma cap rate (buyer to verify), 5480 Shasta Avenue presents an outstanding opportunity for investors seeking stable income, long-term appreciation, and meaningful upside in one of the Bay Area's most established rental markets.