Comm Ri Multi-units 5+ For Sale
3,500 Sqft - 2460 WILLOW PASS RD, BAY POINT, California 94565-3332
Property Description
Great 1st time commercial mixed use RE investment. 14%+ returns, IRR 16%+. Large lot with plenty of parking!! Corner lot on Willow Pass Road, easy manage property, near new Walgreens. Area on the upswing, current tenants will sign new long term leases. Up to 2,000 SF additional can be built.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40602340
Price : $425,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 3,500 Sqft
Year Built : 1955
Lot Area : 0.46 Sqft
Features
Heating System : Forced Air 1 Zone, Other Heat
Cooling System : Other
Roof : Other
Address Map
Country : US
State : CA
County : Other
City : BAY POINT
Zipcode : 94565-3332
Street : WILLOW PASS RD
Street Number : 2460
Floor Number : 0
Longitude : E0° 0' 0''
Latitude : N0° 0' 0''
MLS Addon
Office Name : JP Investments
Building Type : Other
Area : Bay Point
Address : 2460 WILLOW PASS RD
Cross Street : Fairview Ave
Directions to Property : Highway 4 to Bailey Rd
LA1User Code : 159502809
LA1Agent First Name : Jose
LA1Agent Last Name : Pecho
Status Category : Sold
Tot # Parking Spaces : 23
Tot # of Units : 3
Zoning : M-4
List $/SqFt : $121
Age : 58
Apx Lot Sq Ft : 20,255 Sqft
Type of Building : Apt Complex
Annual Taxes : $5,312
Total Deposits : $0
EQUIPMENT ADDITIONAL : Other
EXTERIOR : Stucco, Wood Frame, Concrete Block
FLOORING : Linoleum, Vinyl, Tile, Partial Carpeting
LOT DESCRIPTION : Level, Corner, Premium Lot
ON-SITE PARKING DESC : Parking Area
OPERATING EXPENSES : Insurance, Management, Property Tax/assessments
SEPARATE METERS : Electric, Gas, Water
SOME UNITS HAVE : Refrigerator
TENANT PAYS : Electric, Gas, Water, Trash
UNITS-OTHER : Office(s) Included
WATER/SEWER : Water - Public, Sewer System - Public
LAUNDRY : In Laundry Room
Census Tract : 3141.03
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Private
Other Loans (Y/N) : No
1st Loan Balance : $1,000
2nd Loan Balance : $51,000
Tot Other Loans : $0
Financial Data Verif(Y/N) : 10%
FINANCIAL DATA SOURCE : Owner
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $425,000
Sold Price : $425,000
Previous Price : $425,000
Sale $/SqFt : $0
