437 Corte Arango - Apartments FOR SALE


El Sobrante, CA 94803
$1,508,000 USD
415-625-2117
437 Corte Arango, El Sobrante, CA for Sale
$1,508,000 USD
Apartments - FOR SALE
1/25
null | 6.08% Cap Rate

437 Corte Arango
El Sobrante, CA 94803


HIGHLIGHTS

  • All units are spacious 2-bedroom/1.5-bath floorplans.
  • Close to major retailers and shopping at Pinole Vista Shopping Center. Easy commute via. Hwy 80.
  • Dedicated covered parking for each unit.
  • On-site laundry & storage.
  • Separately metered for gas and electricity.

OVERVIEW

FIRST SHOWING & PROPERTY TOUR: WEDS. OCTOBER 29th, 2025 from 11:30 am-12:30 pm. PLEASE RSVP TO ATTEND. This offering at 437 Corte Arango consists of a well-maintained 5-unit apartment complex with strong curb appeal in the heart of El Sobrante, a growing and supply-constrained submarket of Contra Costa County. Positioned off Appian Way, the two-story building is located on a quite cul-de-sac, providing residents with a tranquil well manicured ambience, just minutes from shopping and urban amenities. The improvements consist of five large 848 square foot (per county records) two bedroom one and a half bath townhouse style units, with tuck under parking. The rear and front units benefit from patios and balconies, and tenants enjoy ample outdoor space on the oversized 7,566 sq. foot parcel which features attractive but easy to maintain landscaping. Construction is of wood frame with stucco siding, and a flat roof. Tenants benefit from being within easy walking distance to stores and restaurants along the Appian Way Corridor. There is an on-site laundry room with 1 washer & 1 for tenant convenience and added income. The subject property enjoys a superior location near to Interstate 80, providing direct access to employment hubs throughout the East Bay and North Bay. Nearby conveniences include the Pinole Vista Shopping Center, as well as local retailers like United Food Mart across the street and a Shell gas station adjacent to the property. Its positioning in unincorporated Contra Costa County also allows for investor-friendly rent increases of 5% plus CPI annually under California’s AB 1482 rent control ordinance. Current rents are below market, in unincorporated county jurisdiction allowing a new buyer the potential to increase rents on an annual basis moving forward, offering significant cash-flow upside. This offering is ideal for investors seeking a stabilized, easy-to-manage asset with long-term appreciation potential. The close proximity to shopping, transit, and outdoor recreation make it a compelling acquisition in an increasingly competitive submarket.

FOR SALE DETAILS

PRICE

$1,508,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

5

PRICE/UNIT

$301,600

CAP RATE

6.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

M-29, El Sobrante

APN/PARCEL ID

425-091-020-7

ASK ABOUT THIS PROPERTY

Jon HolmquistJon HolmquistMore Info
415-625-2117

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Jon HolmquistJon HolmquistMore Info
415-625-2117

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