437 E 9th St
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437 E 9th St
3 Unit Block of Flats £586,838 (£195,613/Unit) 6.82% Net Initial Yield Pittsburg, CA 94565
Investment Highlights
- Cash Flowing Turnkey Investment in Prime Pittsburg Location with Excellent Value Add Potential
- Potential to Convert Garages to ADU's and 2bds to 3bds
- Delivered with No Delinquencies or Deferred Maintenance, Perfect for Owner-Occupants or Passive Investors
- Great Unit Mix Comprised of Two Large 2bd/1bth Units and One 1bd/1bth With Rental Upside
- All Units Fully Remodeled - New Dual Paned Windows, Granite Countertops, Luxury Vinyl Flooring, and Much More
- Excellent Pittsburg Location Walking Distance to Downtown Restaurants, Breweries, and Local Parks
Executive Summary
The Pinza Group is pleased to present 437 E 9th Street; a prime opportunity for new or seasoned investors to acquire a turnkey and cash flowing triplex in an excellent Pittsburg location. This fully renovated triplex is comprised of two large 2bd/1bth units of 1,100 square feet and 800 square feet, and one 1bd/1bth unit of 405 square feet. The units are separately metered for PG&E which tenants pay for as well as garbage. All units have been recently remodeled, featuring new dual paned windows, granite countertops, drywall, paint, flooring, cabinetry, and more. Current rents have ample room to grow, providing substantial potential for rental upside via tenant turnover & annual adjustements. Remaining value add opportunities include converting the large 600-700 square foot garages into ADU's or renting them for storage.
437 East 9th Street is positioned within walking distance to new and popular local eateries, breweries, and cafés; and is next to the multiple local parks. Route 4 provides easy access to I-680 and I-80 for easy transportation to Downtown Walnut Creek, Oakland, and San Francisco. Pittsburg will continue to see growth and be known as a premier East Bay rental market.
437 East 9th Street is positioned within walking distance to new and popular local eateries, breweries, and cafés; and is next to the multiple local parks. Route 4 provides easy access to I-680 and I-80 for easy transportation to Downtown Walnut Creek, Oakland, and San Francisco. Pittsburg will continue to see growth and be known as a premier East Bay rental market.
Property Facts
| Price | £586,838 | Building Class | C |
| Price Per Unit | £195,613 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 2,280 SF |
| Net Initial Yield | 6.82% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.48 | Number of Floors | 2 |
| No. Units | 3 | Year Built | 1928 |
| Property Type | Residential | Parking Ratio | 1.75/1,000 SF |
| Property Subtype | Apartment |
| Price | £586,838 |
| Price Per Unit | £195,613 |
| Sale Type | Investment |
| Net Initial Yield | 6.82% |
| Gross Rent Multiplier | 11.48 |
| No. Units | 3 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 2,280 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1928 |
| Parking Ratio | 1.75/1,000 SF |
Unit Amenities
- Balcony
- Granite Countertops
- Wooden Floors
- Double Pane Windows
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 800 - 1,075 |
| 1+1 | 1 | - | 405 |
1 of 1
Walk Score ®
Very Walkable (75)
zoning
| Zoning Code | RS-4 (Single Family Residential) |
| RS-4 (Single Family Residential) |
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Alec Matut -
Power Broker Steven Pinza -
Pinza Group
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437 E 9th St
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