5480 Shasta Ave - Apartments FOR SALE


San Pablo, CA 94806
$1,585,000 USD
510-798-8297
5480 Shasta Ave, San Pablo, CA for Sale
$1,585,000 USD
Apartments - FOR SALE
1/12
null | 6.98% Cap Rate

5480 Shasta Ave
San Pablo, CA 94806


OVERVIEW

Welcome to 5480 Shasta Avenue, a six-unit apartment building offering an exceptional investment opportunity with immediate cash flow and significant value-add potential in the heart of San Pablo. Built in 1962, this attractive multifamily property features a highly desirable unit mix of six spacious 2-bedroom, 1-bathroom apartments, including one vacant unit that provides immediate leasing or owner-user flexibility, while the remaining long-term tenants offer stable income with below-market rents, creating substantial upside through future rental growth. Recent capital improvements, including a newer roof, help minimize near-term maintenance costs, and the approximately 6,450-square-foot lot offers ample off-street parking and convenient on-site laundry for tenants. Ideally situated in a strong East Bay rental market, the property enjoys easy access to Interstate 80, Richmond Parkway, San Pablo Avenue, BART, Contra Costa College, Kaiser Permanente, shopping, restaurants, and Wildcat Canyon Regional Park, providing excellent connectivity to Oakland, Berkeley, San Francisco, and other major employment centers. With an estimated ~7% pro forma cap rate (buyer to verify), 5480 Shasta Avenue presents an outstanding opportunity for investors seeking stable income, long-term appreciation, and meaningful upside in one of the Bay Area's most established rental markets.

FOR SALE DETAILS

PRICE

$1,585,000 USD

PRICE/SF

$364 USD /SF

# OF UNITS

6

PRICE/UNIT

$264,167

CAP RATE

6.98%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

6

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

418-051-021-8

ASK ABOUT THIS PROPERTY

Afshin FahimiKW CommercialMore Info
510-798-8297

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Afshin FahimiKW CommercialMore Info
510-798-8297

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