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Listed by Compass, Ismael Benhamida, Hanna John Azar Listing Contact: 408-373-6195
Hanna John Azar

2001 Broadway AVE

$4,250,000 2001 Broadway AVE, San Pablo, CA 94806
Casa Linda Apartments is a rare 1993-built 24-unit multifamily in San Pablo, offered at $4,250,000 ($177,083/unit, $227/SF). Newer construction delivers institutional-quality infrastructure rare for the vintage: a full building fire-sprinkler system, elevator access, all-interior staircases and walkways, and a fully hardwired security camera system. All 24 units are 1BD/1BA with private outdoor space (patio, balcony, or yard). A large gated surface lot serves the property (no tuck-under parking). A ground-floor amenity room offers flexible tenant use or ADU-conversion potential. Priced at an attractive 7.0% current cap rate with strong value-add upside to an 8.67% market cap; GRM of 8.17 current / 7.03 market. Current monthly scheduled rent of $43,329 ($519,948/yr) grows to $50,400 ($604,800/yr) at market. NOI upside comes from light repositioning (paint, landscaping, community-room renovation), rent optimization, RUBS billing, and expanded laundry income. In western Contra Costa County with I-80/I-580 access and proximity to BART, AC Transit, and Amtrak. Strong East Bay rental demand, a housing shortage, proximity to major employers, and significant value-add and ADU potential make 2001 Broadway Avenue a great opportunity for both the cash flow and appreciation-minded investor.
  • For Sale
    Status
  • 1993
    Year Built
  • 18,711 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 18,711 Sq.Ft.
  • Total Area: 18,711 Sq.Ft.
  • Lot Size: 0.7 Acres
  • MLS® ID: ML82056742
  • Type: Residential
  • Year Built: 1993
  • Elementary School:LakeElementary_3
  • Middle School: HelmsMiddle
  • High School: RichmondHigh
  • School District: WestContraCostaUnified

Exterior & Building

  • Garage Space: 24.0
  • Water Source: Public
  • Utilities: Water Public
  • Pool: Community Facility
  • Roof: Tar Gravel, Tile
  • Parking: Assigned Spaces
  • Heat Type: Electric
  • Air Conditioning: None
  • Sewer: Public Sewer
  • Substructure: Concrete Perimeterand Slab
  • Disability Features: Elevator Lift, Wheelchair Access
  • HOA Amenities: Community Pool, Elevator

Financial

  • Sales Price: $4,250,000
  • Zoning: RMU

2001 Broadway AVE

Work With Hanna John

During his past experiences, Hanna John has gained particularly strong knowledge and hands-on experience in maneuvering complex multi-faceted value-add investments.
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