900 Alvarez Ave - Apartments FOR SALE


Pinole, CA 94564
$3,600,000 USD
925-940-2634
900 Alvarez Ave, Pinole, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/21
null | 6.08% Cap Rate

900 Alvarez Ave
Pinole, CA 94564


HIGHLIGHTS

  • 900 Alvarez Avenue is a 12-unit, beautifully maintained apartment building with a mix of 11 two-bedroom units and one three-bedroom unit.
  • Highly desirable location off I-80 in a quiet residential neighborhood near Pinole Valley High School, Collins Elementary, and Pinole Middle School.
  • Stabilized, passive investment opportunity for an owner to expand their portfolio and benefit from the asset’s consistent cash flow.
  • Low-maintenance property with established tenants who utilize the on-site coin laundry facility, a convenient amenity for consistent monthly income.
  • Featuring eight covered carports and 12 surface parking spaces, scenic landscaping, stainless steel appliances, and prominent signage.
  • Less than 5 minutes to Interstate 80, connecting tenants to Berkeley, Oakland, and San Francisco.

OVERVIEW

As the exclusive advisor, Berkshire Hathaway Commercial Group presents 900 Alvarez Avenue to the market, a prime investment acquisition opportunity in Contra Costa County, California. The subject spans over 9,000 square feet on a 0.52-acre parcel at the endpoint of Alvarez Avenue, providing a quiet and peaceful suburban setting for residents. This well-maintained, low-rise multifamily property features a two-story residential building comprising 12 residential units, with a favorable unit mix of 11 two-bedroom units and one three-bedroom unit. The second-floor units feature private balconies, while ground-floor units include private patios. Unit interiors offer laminate flooring and kitchens equipped with electric appliances. Units are separately metered for water, gas, and electricity, include individual water heaters, and utilize wall heaters for space heating. Property amenities include on-site coin-operated laundry facilities and 20 total parking spaces. 900 Alvarez Avenue is in the City of Pinole, an established East Bay community in western Contra Costa County, approximately 18 miles northeast of San Francisco and 14 miles north of Oakland. The property is situated along the Interstate 80 corridor, providing convenient access to major employment centers throughout the East Bay, Oakland, San Francisco, and the broader Bay Area. This regional connectivity supports stable rental demand while providing a more affordable alternative to core urban markets. According to CoStar analytics, the 5-mile realm is home to approximately 193,646 households, with over 80% being one and two-to-four-unit housing types, aligning with the subject’s build-out and capabilities. The growing population generates robust consumer spending, surpassing $2.2 billion annually. The average household income exceeds $118,400, and more than 20,400 households are renter-occupied – signifying strong demand for rental units in the immediate area. Don’t miss out on the opportunity to invest in a well-performing housing asset that has demonstrated consistent occupancy and stable in-place cash flow, providing current income.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$388 USD /SF

# OF UNITS

12

PRICE/UNIT

$300,000

CAP RATE

6.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

R-1

APN/PARCEL ID

401-112-015-3

ASK ABOUT THIS PROPERTY

Alex BarreiroBerkshire Hathaway HomeServices Drysdale PropertiesMore Info
925-940-2634

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Alex BarreiroBerkshire Hathaway HomeServices Drysdale PropertiesMore Info
925-940-2634

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