Closed Properties
This is what success looks like.
Multifamily For Sale
639 Carpino Ave, Pittsburg, CA 94565
Overview
| Price | $565,000 |
|---|---|
| Units | 2 |
| Building Size | 2,417 SF |
| Year Built | 1952 |
Highlights
- Off-Market Transaction
- Represented Seller and Buyer
- 1031 Exchange for Seller
- High Cash Flow Property- 7%+ Cap Rate
- Tenants Pay All Utilities
- Large Units with Garages
Description
Garrett Blair of Berger & Associates at NAI Northern California is pleased to present the recent sale of 639 Carpino Ave in Pittsburg, CA. This was an off-market sale and part of a downleg for a client's 1031 exchange. NAI Northern California represented both the Buyer and Seller and helped the Seller double their unit count while delivering a high-cash flow property to the Buyer.
The property consists of one 2-bed 1-bath unit and one 3-bed 2-bath unit. Each unit had rents near market rate, and the tenants pay for all utilities allowing for maximum net income and minimal landlord responsibility for the new owner.
Location
Pittsburg, CA
Contact Broker
Ethan Berger
Senior Vice President
NAI NorCal
| Cell | 925.588.9740 |
|---|---|
| Office | 510.972.4952 |
| Fax | 510.336.4712 |
Marco McMullen
Investment Advisor
NAI NorCal
| Office | 510.847.1004 |
|---|---|
| Fax | 510.336.4712 |
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