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No City Rent Control & Remodeled Units 2107-2123 Willow Pass Rd

6 Unit Apartment Building $1,550,000 ($258,333/Unit) 7.74% Cap Rate Pittsburg, CA 94565

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Investment Highlights

Features Four 2bd/1bth Units and Two 1bd/1bth Units Situated on an Oversized 23,522 SF Lot
Each Unit has Been Remodeled, with New ABS Plumbing, Upgraded Copper Pipe Plumbing, Electrical, Bathrooms and Kitchens, and New Flooring
Stable Asset w/ Aggressive Pricing and High Current Cap Rate Providing High Cash Flow and Easy Management

Separately Metered for Gas and Electricity - Opportunity to Implement RUBS for Water/Garbage and Increase NOI by $7k per Year
The Half Acre Lot Offers Ample Space for Additional Dwelling Units and Potential Lot Split

Executive Summary

The Pinza Group presents 2121 Willow Pass Rd in Bay Point, CA. This property features four 2-bedroom, 1-bathroom units and two 2-bedroom, 1-bathroom units, situated on an expansive 23,522 square foot lot. The units are separately metered for gas and electricity, with the possibility of implementing RUBS to offset other expenses. Each unit has been remodeled, boasting brand new ABS plumbing, upgraded copper pipe plumbing, electrical systems, remodeled bathrooms and kitchens, and new flooring. The property includes gated parking with twelve (12) total spaces and ample room to add accessory dwelling units (ADUs). Most units are occupied slightly below market rent, ensuring consistent rental income, with one unit currently vacant and ready to be rented at market rate. Located in a
prime Bay Point location with no city rent control, this is the ideal opportunity for cash flow investors.
Email INFO@PinzaGroup.com for a complete marketing package.

Property Facts

Price	$1,550,000	Building Class	C
Price Per Unit	$258,333	Lot Size	0.51 AC
Sale Type	Investment	Building Size	4,833 SF
Cap Rate	7.74%	Average Occupancy	95%
Gross Rent Multiplier	9.83	No. Stories	1
No. Units	6	Year Built	1931
Property Type	Multifamily	Parking Ratio	1.5/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$1,550,000
Price Per Unit	$258,333
Sale Type	Investment
Cap Rate	7.74%
Gross Rent Multiplier	9.83
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.51 AC
Building Size	4,833 SF
Average Occupancy	95%
No. Stories	1
Year Built	1931
Parking Ratio	1.5/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.