516 1St St, Rodeo, CA 94572 - Berkshire Hathaway HomeServices California Properties
516 1st St Rodeo, CA 94572
$975,000 0 beds, 0 baths
0 sqft

Agent Remarks

Cap Rate - 8.53% (Current) | GRM - 6.32 (Current) vs Cap Rate - 9.62% (Proforma) | GRM - 6.16 (Proforma). TO BE SOLD IN CONJUNCTION W 524-528 1st St. Two (2) parcels can be purchased jointly for a total of seven (7) units. 516 1st St has a total of four (4) living units consisting of (2) 2 bed / 1 bath, (1) 1 bed / 1 bath, and (1) studio unit and a shed in the rear. 524-528 1st St consists of a small office space, (1) 3 bed / 1 bath unit with a sizable back yard, (1) 2 bed / 1 bath unit, a storage space, and 2 car garage. Seller financing allows for flexibility for an investor to acquire the asset which has had most units updated. Along with rent growth in this desirable East Bay suburb, the buyer can update the electric/gas systems to more accurately distribute and pass on expenses to the tenants. Located in quaint downtown Rodeo, the property is located in proximity to local businesses as well as San Pablo Bay. A short drive provides quick access to Highway 80 allowing easy connects to Vallejo, Berkeley, Oakland and San Francisco.

Listing Details

Property type: (Multi-Family)
Status: Active Under Contract
MLS# 41056680
List price is $975,000 Reduced by $25,000 on 3/15/2025
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1949
0.35 acres
Lot size: 0.3548
County: Contra Costa
Construction: Brick,Stucco,Wood Siding
Lot description: Street Level
Heating/cooling: See Remarks
Heating description: See Remarks,Wall Furnace

Last Updated: 4/10/2025

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Lat/Long: 38.037324, -122.268792.
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Listing Agent: Davide Pio
Lic#: 01801928
Office Name: Sherman Oaks

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