1539 Humboldt Ave, San Pablo, CA 94806
List Price: $1.6M
Listing Status: Active
0Days on Market: 1
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1960
Lot Size: 6,000 sq ft
Annual Property Tax: $18,618
MLS Number: 41145950
About This Property
1539 Humboldt Ave is an 5-unit, 100% occupied multifamily asset in San Pablo priced at $320,00 per unit. In-place rents average $2,190 per month against $2,250 market rent. The deal trades at a 5.3% in-place cap rate (12.12x GRM), with a 5.68% pro forma cap rate (11.54x GRM) once rents reach market. The unit mix is uniform: four 830-square-foot two-bedroom, one-bath residences, most with full-size washer/dryer hookups and one larger unit at 900-square feet. Built in 1970, the property sits on a 6,000 SF lot at the end of a cul-de-sac with 3,304 square feet of building and 7 surface parking spaces. The property has direct access to Interstate 880 and proximity to Interstate 580 and the Richmond-San Rafael Bridge, connecting the tenants to Richmond, El Cerrito, San Rafael, and the broader Bay Area. El Cerrito Del Norte BART is a 10-minute drive, putting San Francisco roughly an hour away by transit. Shopping, entertainment, schools and parks are all nearby.
Listing provided by: Maurice Carbajal DRE #01415783 925-602-1900 marty@gcmrealty.com, GCM Realty & Loans
Source: CRMLS, MLS #: 41145950
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.