3445-3451 San Pablo Dam Road

3445-3451 San Pablo Dam Road

El Sobrante, CA 94803
El Sobrante
Mixed Use
39
59
$4,900,000

• 27 - 1 Bedroom, 9 – Studios, 1 – 2 Bedroom and 2 – Retail

• Spacious layouts and sunny units

• No Rent Control

• 25% upside in rents

• Established commercial tenants

• Only $127,000/unit

• Separately metered for gas and electric

• 59 parking spaces

• 1 Block to Princeton Plaza – Raley’s, Starbucks, McDonald’s

3445-3451 San Pablo Dam Road is situated in suburban El Sobrante and consists of two parcels in which one is 36 apartments and 1 retail storefront and the other parcel is a duplex in which 1 unit is retail and 1 unit is an apartment. A total of 39 units, this is a very well kept property with a strong tenant base in a great location for commuters and families. Units have an open floor plan with kitchens that flow in to large living rooms, abundant closet space and ample outdoor and balcony areas. The garden style apartment complex offers 2 laundry rooms, almost a 2:1 parking ratio, and plenty of quiet space. Separate PG&E meters and individual water heaters keep operating expenses low. Tenants appreciate this location which is just a block to Raley’s grocery store and very easy freeway access. Investors will enjoy over 8% return from day 1 and a significant value added component with over 25% upside in rents which is immediately available.