Address
2329 willow pass road Bay Point, CA
Price
$ 2,900,000
Property Attributes
  • ML#40897898
  • TypeMulti-Family
  • CountyCONTRA COSTA
  • CityBay Point
  • AreaBay Point
  • Zip94565
  • Style5 or More Units
  • Year Built1945
  • Taxes31900
  • Price$ 2,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5649
  • Lot Size0.39 Acres
Listing Provided Courtesy Of:
Sandeep Gupta with Sandeep Gupta, Broker.
Property Description

Great unit mix 1 Three-bed, 5 Two-bed, 3 One-bed, 3 studios. high rents per unit with low expenses. Comparable Owner's listing 83 solano ave Bay Point sold for $2,675,000 (6 studios, 8 One bed/1ba, 1 1.5ba/2ba); here the gross profit is equal or slightly higher. CAPITAL IMPROVEMENTS DONE: NEW ROOFS, NEW DUAL PANE WINDOWS, NEW SIDING ON MOST UNITS, NEW PAINT EXTERIOR AND INTERIOR, NEW LANDSCAPING, 2 UNITS EVEN HAVE NEW FOUNDATION, 11 OF THE 12 INTERIORS UPGRADED. Among the few properties where CURRENT CAP RATE is 5.7% and yet little improvements or Repair/maintenance to do and hardly any utility bills to pay (water paid by tenants). Current Rent is ~$19500/month; ~$234000/year. SEE OM ATTACHED. All leases are done in last ~1.5 year with HIGH SECURITY DEPOSITS providing security on tenant performance and careful documentation of leases done as opposed to most properties on market missing that-- TO MAKE MANAGEMENT OF COMPLEX, EASIER AND TURNKEY.

Price History
3/5/2020 Listed $2,750,000

General Features

Age 75

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 94565

Price
AVG $2.95M
$2.9M
Taxes
AVG $31,900
$31,900
Visits
AVG 557
76
Year Built
AVG 1949
1945
Walkscore
AVG 53
45
Data Provided by Walkscore ® not using MLS data

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