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900 Alvarez Ave 12 Unit Apartment Building $3,600,000 ($300,000/Unit) 6.08% Cap Rate Pinole, CA 94564
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- 900 Alvarez Avenue is a 12-unit, beautifully maintained apartment building with a mix of 11 two-bedroom units and one three-bedroom unit.
- Stabilized, passive investment opportunity for an owner to expand their portfolio and benefit from the asset’s consistent cash flow.
- Featuring eight covered carports and 12 surface parking spaces, scenic landscaping, stainless steel appliances, and prominent signage.
- Highly desirable location off I-80 in a quiet residential neighborhood near Pinole Valley High School, Collins Elementary, and Pinole Middle School.
- Low-maintenance property with established tenants who utilize the on-site coin laundry facility, a convenient amenity for consistent monthly income.
- Less than 5 minutes to Interstate 80, connecting tenants to Berkeley, Oakland, and San Francisco.
EXECUTIVE SUMMARY
As the exclusive advisor, Berkshire Hathaway Commercial Group presents 900 Alvarez Avenue to the market, a prime investment acquisition opportunity in Contra Costa County, California.
The subject spans over 9,000 square feet on a 0.52-acre parcel at the endpoint of Alvarez Avenue, providing a quiet and peaceful suburban setting for residents. This well-maintained, low-rise multifamily property features a two-story residential building comprising 12 residential units, with a favorable unit mix of 11 two-bedroom units and one three-bedroom unit. The second-floor units feature private balconies, while ground-floor units include private patios. Unit interiors offer laminate flooring and kitchens equipped with electric appliances. Units are separately metered for water, gas, and electricity, include individual water heaters, and utilize wall heaters for space heating. Property amenities include on-site coin-operated laundry facilities and 20 total parking spaces.
900 Alvarez Avenue is in the City of Pinole, an established East Bay community in western Contra Costa County, approximately 18 miles northeast of San Francisco and 14 miles north of Oakland. The property is situated along the Interstate 80 corridor, providing convenient access to major employment centers throughout the East Bay, Oakland, San Francisco, and the broader Bay Area. This regional connectivity supports stable rental demand while providing a more affordable alternative to core urban markets.
According to CoStar analytics, the 5-mile realm is home to approximately 193,646 households, with over 80% being one and two-to-four-unit housing types, aligning with the subject’s build-out and capabilities. The growing population generates robust consumer spending, surpassing $2.2 billion annually. The average household income exceeds $118,400, and more than 20,400 households are renter-occupied – signifying strong demand for rental units in the immediate area.
Don’t miss out on the opportunity to invest in a well-performing housing asset that has demonstrated consistent occupancy and stable in-place cash flow, providing current income.
The subject spans over 9,000 square feet on a 0.52-acre parcel at the endpoint of Alvarez Avenue, providing a quiet and peaceful suburban setting for residents. This well-maintained, low-rise multifamily property features a two-story residential building comprising 12 residential units, with a favorable unit mix of 11 two-bedroom units and one three-bedroom unit. The second-floor units feature private balconies, while ground-floor units include private patios. Unit interiors offer laminate flooring and kitchens equipped with electric appliances. Units are separately metered for water, gas, and electricity, include individual water heaters, and utilize wall heaters for space heating. Property amenities include on-site coin-operated laundry facilities and 20 total parking spaces.
900 Alvarez Avenue is in the City of Pinole, an established East Bay community in western Contra Costa County, approximately 18 miles northeast of San Francisco and 14 miles north of Oakland. The property is situated along the Interstate 80 corridor, providing convenient access to major employment centers throughout the East Bay, Oakland, San Francisco, and the broader Bay Area. This regional connectivity supports stable rental demand while providing a more affordable alternative to core urban markets.
According to CoStar analytics, the 5-mile realm is home to approximately 193,646 households, with over 80% being one and two-to-four-unit housing types, aligning with the subject’s build-out and capabilities. The growing population generates robust consumer spending, surpassing $2.2 billion annually. The average household income exceeds $118,400, and more than 20,400 households are renter-occupied – signifying strong demand for rental units in the immediate area.
Don’t miss out on the opportunity to invest in a well-performing housing asset that has demonstrated consistent occupancy and stable in-place cash flow, providing current income.
MATTERPORT 3D TOURS
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OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $300,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.52 AC |
| Cap Rate | 6.08% | Building Size | 9,284 SF |
| Gross Rent Multiplier | 10.94 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1980 |
| Property Type | Multifamily | Parking Ratio | 2.15/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-1 - Residential | ||
| Price | $3,600,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 6.08% |
| Gross Rent Multiplier | 10.94 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 9,284 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 2.15/1,000 SF |
| Zoning | R-1 - Residential |
AMENITIES
UNIT AMENITIES
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 11 | - | 815 |
| 3+2 | 1 | - | 1,092 |
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 401-112-015-3 | Total Assessment | $1,204,295 |
| Land Assessment | $512,465 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $691,830 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
401-112-015-3
Land Assessment
$512,465
Improvements Assessment
$691,830
Total Assessment
$1,204,295
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
SALE ADVISORS
SALE ADVISORS
Alex Barreiro, Investment Specialist - Dayat Team
Alex specializes in Multifamily investment sales and acquisitions throughout Northern California, with a focus on Contra Costa, Alameda and Sonoma counties. Alex connects his regional networks with the national market, helping investors break into new, and often closely held, areas.
A natural in sales, Alex is able to generate new leads, while staying connected to the rhythm of the market and meeting his client’s next steps. For every deal, his goal is simple – to deliver beyond his client’s expectations.
A natural in sales, Alex is able to generate new leads, while staying connected to the rhythm of the market and meeting his client’s next steps. For every deal, his goal is simple – to deliver beyond his client’s expectations.
Monjid Aldiyyat, Senior Broker
Monjid Aldiyyat, Senior Broker at Berkshire Hathaway Commercial
Monjid Aldiyyat is renowned for his client-focused approach and proven expertise. He has consistently ranked in the top 1% of brokers at Berkshire Hathaway nationwide for four consecutive years, closing over $200,000,000 of dollars in transactions and delivering tailored real estate solutions that exceed client expectations.
With extensive experience in the sale and acquisition of commercial properties across the San Francisco Bay Area, Monjid is adept at conducting comprehensive market analyses that empower clients to make informed investment decisions. His strategic insight and dedication have driven not only his own success but also the financial well-being of his clients.
Professional Recognition
Top 1% BHHS Nationwide: Sustained top performance over four years.
Berkshire Hathaway Honors:
Gold Chairman Award (2021)
Diamond Chairman Award (2022 and 2023)
Background & Expertise
Monjid’s career is distinguished by his entrepreneurial background, notably founding and managing two successful coffee shops in Berkeley. This experience honed his leadership and operational skills, enabling him to expertly navigate complex real estate transactions. He holds a Bachelor's degree in Business Administration with an emphasis on Management Information Systems from The University of Jordan and recently completed a program at Harvard University to further enhance his expertise in commercial real estate.
Monjid Aldiyyat is renowned for his client-focused approach and proven expertise. He has consistently ranked in the top 1% of brokers at Berkshire Hathaway nationwide for four consecutive years, closing over $200,000,000 of dollars in transactions and delivering tailored real estate solutions that exceed client expectations.
With extensive experience in the sale and acquisition of commercial properties across the San Francisco Bay Area, Monjid is adept at conducting comprehensive market analyses that empower clients to make informed investment decisions. His strategic insight and dedication have driven not only his own success but also the financial well-being of his clients.
Professional Recognition
Top 1% BHHS Nationwide: Sustained top performance over four years.
Berkshire Hathaway Honors:
Gold Chairman Award (2021)
Diamond Chairman Award (2022 and 2023)
Background & Expertise
Monjid’s career is distinguished by his entrepreneurial background, notably founding and managing two successful coffee shops in Berkeley. This experience honed his leadership and operational skills, enabling him to expertly navigate complex real estate transactions. He holds a Bachelor's degree in Business Administration with an emphasis on Management Information Systems from The University of Jordan and recently completed a program at Harvard University to further enhance his expertise in commercial real estate.
CONTACTS
-
Alex Barreiro -
Monjid Aldiyyat -
Berkshire Hathaway HomeServices Drysdale Properties
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900 Alvarez Ave
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