532-534 Appian Way - Apartments FOR SALE


El Sobrante, CA 94803
$1,965,000 USD
415-625-2117
532-534 Appian Way, El Sobrante, CA for Sale
$1,965,000 USD
Apartments - FOR SALE
1/22
null | 7.11% Cap Rate

532-534 Appian Way
El Sobrante, CA 94803


HIGHLIGHTS

  • Attractive 7.11% starting CAP Rate.
  • Close to major retailers and shopping at Pinole Vista Shopping Center. Easy commute via. Hwy 80 a few blocks away.
  • Majority of units highly renovated with all units containing spacious two-bedroom/one-bath floorplans.
  • Every unit has dedicated parking and balconies with views.
  • Two on-site laundry rooms, one for each building.
  • Separately metered for gas and electricity.

OVERVIEW

SHOWING AND TOUR OF INTERIORS: FRIDAY JULY/25th/2025 at 11:00 am Sharp. This offering at 532–534 Appian Way presents a rare opportunity to acquire a well-maintained eight-unit apartment complex in the growing and supply-constrained El Sobrante submarket of Contra Costa County. Positioned on a gentle hillside, the two-story building offers spanning views overlooking El Sobrante Valley and Wildcat Canyon, providing residents with a serene and scenic living experience just minutes from urban amenities. Constructed circa 1968 (per public records), the property features wood-frame construction with a stucco exterior and recently replaced flat roofing. Tuck-under covered parking is available for each of the eight units, and the building has undergone significant recent capital improvements, including replacement of most windows and sliding doors, updated landscaping, and new perimeter fencing—enhancing both curb appeal and long-term durability. The unit mix consists entirely of eight spacious two-bedroom, one-bath apartments, each with its own private balcony and sweeping hillside views. Tenants benefit from dedicated covered parking, on-site laundry facilities, and individually metered gas and electric utilities, which contribute to efficient property operations and lower landlord expenses. The property enjoys a prime location just one mile from 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. This offering is ideal for investors seeking a stabilized, easy-to-manage asset with long-term appreciation potential. Its elevated setting, well-maintained condition, and close proximity to shopping, transit, and outdoor recreation make it a compelling acquisition in an increasingly competitive submarket.

FOR SALE DETAILS

PRICE

$1,965,000 USD

PRICE/SF

$314 USD /SF

# OF UNITS

8

PRICE/UNIT

$245,625

CAP RATE

7.11%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SHOWING FRIDAY JULY 25th, 2025 at 11:00 am

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

R7, C.C. County

APN/PARCEL ID

430-152-025-2

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 Policy.