19 Washington St
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19 Washington St
12 Unit Block of Flats £1,956,125 (£163,010/Unit) 5.64% Net Initial Yield Bay Point, CA 94565
Investment Highlights
- Sale includes two separate but contiguous parcels
- Desirable Unit Mix of 1BR, 2BR and Studio Units
- Convenient Access to grocery stores, shops and restaurants
- Within minutes to BART stations and offers reasonable commute
- Convenient Access to Highway 4 and 680 Freeway
Executive Summary
19 Washington Street is an outstanding investment opportunity located in Bay Point, California. The desirable unit mix consists of (3) studios, (3) one-bedroom, (5) two-bedroom and a single (3) bedroom unit situated on a combined acreage of 0.39 acres for the two contiguous lots. With an approximate building area of 9,000 square feet, the subject offering is being presented a price per square foot well below replacement value.
Bay Point, California located in Contra Costa County has been described as one of the last affordable cities in the Bay Area for home owners and renters alike. This has led to a recent increase in interest and demand by people looking to make Bay Point home. With a seemingly consistent short supply of rental housing in the Bay Area, 19 Washington Street offers an excellent investment opportunity.
Bay Point, California located in Contra Costa County has been described as one of the last affordable cities in the Bay Area for home owners and renters alike. This has led to a recent increase in interest and demand by people looking to make Bay Point home. With a seemingly consistent short supply of rental housing in the Bay Area, 19 Washington Street offers an excellent investment opportunity.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£195,553
|
£21.73
|
| Other Income |
£1,565
|
£0.17
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£197,118
|
£21.90
|
| Taxes |
£26,831
|
£2.98
|
| Operating Expenses |
£29,740
|
£3.30
|
| Total Expenses |
£56,571
|
£6.29
|
| Net Operating Income |
£140,547
|
£15.62
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £195,553 |
| Annual Per SF | £21.73 |
| Other Income | |
|---|---|
| Annual | £1,565 |
| Annual Per SF | £0.17 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £197,118 |
| Annual Per SF | £21.90 |
| Taxes | |
|---|---|
| Annual | £26,831 |
| Annual Per SF | £2.98 |
| Operating Expenses | |
|---|---|
| Annual | £29,740 |
| Annual Per SF | £3.30 |
| Total Expenses | |
|---|---|
| Annual | £56,571 |
| Annual Per SF | £6.29 |
| Net Operating Income | |
|---|---|
| Annual | £140,547 |
| Annual Per SF | £15.62 |
Property Facts
| Price | £1,956,125 | Apartment Style | Low Rise |
| Price Per Unit | £163,010 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.39 AC |
| Net Initial Yield | 5.64% | Building Size | 9,000 SF |
| Gross Rent Multiplier | 10.41 | Number of Floors | 1 |
| No. Units | 12 | Year Built | 1947 |
| Property Type | Residential | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | £1,956,125 |
| Price Per Unit | £163,010 |
| Sale Type | Investment |
| Net Initial Yield | 5.64% |
| Gross Rent Multiplier | 10.41 |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 9,000 SF |
| Number of Floors | 1 |
| Year Built | 1947 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Porch
1 of 1
PROPERTY TAXES
| Parcel Number | 095-031-008-6 | Total Assessment | £685,032 (2024) |
| Land Assessment | £249,102 (2024) | Annual Taxes | £26,831 (£2.98/sf) |
| Improvements Assessment | £435,930 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
095-031-008-6
Land Assessment
£249,102 (2024)
Improvements Assessment
£435,930 (2024)
Total Assessment
£685,032 (2024)
Annual Taxes
£26,831 (£2.98/sf)
Tax Year
2023
zoning
| Zoning Code | P-1 |
| P-1 |
-
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19 Washington St
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