4,942 sqft
$930,000
516 1St St, Rodeo CA, 94572
Price per sqft$188.18
Built in1949
Property size4,942 sqft
Property typeOther
Overview
Sold
Listed Apr 18, 2024
Updated Jun 1
Cap Rate - 8.53% (Current) | GRM - 6.32 (Current) vs Cap Rate - 9.62% (Proforma) | GRM - 6.16 (Proforma). TO BE SOLD IN CONJUNCTION W 524-528 1st St. Two (2) parcels can be purchased jointly for a total of seven (7) units. 516 1st St has a total of four (4) living units consisting of (2) 2 bed / 1 bath, (1) 1 bed / 1 bath, and (1) studio unit and a shed in the rear. 524-528 1st St consists of a small office space, (1) 3 bed / 1 bath unit with a sizable back yard, (1) 2 bed / 1 bath unit, a storage space, and 2 car garage. Seller financing allows for flexibility for an investor to acquire the asset which has had most units updated. Along with rent growth in this desirable East Bay suburb, the buyer can update the electric/gas systems to more accurately distribute and pass on expenses to the tenants. Located in quaint downtown Rodeo, the property is located in proximity to local businesses as well as San Pablo Bay. A short drive provides quick access to Highway 80 allowing easy connects to Vallejo, Berkeley, Oakland and San Francisco.
Additional information
- MLS® ID
- 41056680
Interior Features
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.35 Acres
Other Property Details
- Garage
- Yes
Listed by Davide Pio, with BCRE
Listing Contact: 510-815-2000
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