146 Maricopa Ct - Apartments FOR SALE


Pleasant Hill, CA 94523
$2,095,000 USD
925-988-0502
146 Maricopa Ct, Pleasant Hill, CA for Sale
$2,095,000 USD
Apartments - FOR SALE
1/6
null | 4.01% Cap Rate

146 Maricopa Ct
Pleasant Hill, CA 94523


HIGHLIGHTS

  • Rarely available, sought after complex in an "A" location
  • Renovated units with granite counters, stainless steel appliances, LVP flooring, updated baths and kitchens
  • Desirable amenities such as carports, patios/balconies, fireplaces, separately metered PG&E, pool and clubhouse
  • Pleasant Hill does not have any local rent control ordinance

OVERVIEW

***RARELY AVAILABLE, HIGHLY DESIRABLE COMPLEX & LOCATION*** The Camelback North Apartments, located at 146 Maricopa Court in Pleasant Hill, is an immaculate, ideally located multi-family property that has been well maintained and has now been brought to market for the first time in a decade. It represents a rare opportunity to own property in one of the Bay Area’s most desirable locations—near Diablo Valley College, Sun Valley Mall, Downtown Pleasant Hill, BART, Interstate 680 and Highway 24 — making this an exceptional investment opportunity. The subject property is within the Camelback North Owners Association, which provides amenities such as a sparkling pool, greenbelt area, laundry facility, and clubhouse. Unlike many apartment buildings that were built as inexpensively as possible, the quality construction designed and built is clearly at a higher standard. Low maintenance stucco exteriors, steel and concrete stairs, concrete landings, fireplaces, doorbells, and solid core front doors are rarely seen in apartments of this vintage. The property has well designed floor plans with a mix of easy to rent 2BR/1BA and 2BR/2BA + Den units. Since the 2BR/2BA + Den unit has a closet in the den, some owners of similar properties in this neighborhood have successfully converted this floor plan to a 3BR/2BA. The units feature fireplaces, all have large closets, all electric kitchens, and tub/shower combinations, and patios or balconies. Unit #2 has inside laundry with equipment provide by owner, while unit #3 has a washer/dryer hookup. The complex consists of one building sitting on a legal parcel of approximately 10,000 s.f. per the Contra Costa County Tax Assessor. The building features a concrete slab foundation with a pitched, composition shingle roof. The units are separately metered for PG&E. The owner currently pays for water and trash services but is partially reimbursed with a utility recapture agreement that is in place. There are 5 carport spaces and 3 uncovered parking spaces. THE UNIT MIX CONSISTS OF (4) 2BR / 1BA of 720 +/- square feet (1) 2BR / 2BA + Den of 1,168 +/- square feet The units have been updated in the past several years including painting and refacing cabinetry, granite countertops, new sinks, appliances, window and floor coverings, fixtures, six panel doors, mirrored closet doors, ceiling fans and hardware.

FOR SALE DETAILS

PRICE

$2,095,000 USD

PRICE/SF

$455 USD /SF

# OF UNITS

5

PRICE/UNIT

$419,000

CAP RATE

4.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,001 SF

ZONING

R-3

APN/PARCEL ID

153-240-024-7

ASK ABOUT THIS PROPERTY

Shawn WillisIncome Property Services A.G.More Info
925-988-0502

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Shawn WillisIncome Property Services A.G.More Info
925-988-0502

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.