Log In/Sign Up
Your email has been sent.
1937 Powell St 6 Unit Apartment Building $2,327,201 CAD ($387,867 CAD/Unit) 7.35% Cap Rate San Pablo, CA 94806
Investment Highlights
- Six Units Comprised of Six 2bd/1bth Units, Built in 1972.
- Located in the Growing and Non Rent Controlled City of San Pablo-Offering a Rare Blend of Cash Flow, Location, and Long-term Upside Potential
- On Site Parking, Laundry, and a Rare Value-Add Opportunity Achievable Through Unit Renovations and Rental Upside
- Conveniently Situated Near Public Transit, Shopping Centers, Schools, Kaiser Medical Center, Richmond Marina, and Provides Easy Access to I-580 and I-
Executive Summary
1937 Powell Street presents a value-add multifamily investment consisting of six residential units in the heart of San Pablo. The property features a desirable unit mix of six 2-bedroom/1-bath apartments generating strong in-place income with additional upside through rent optimization and operational efficiencies. Current gross scheduled income is over $160,000 annually, providing stable cash flow with one unit projected to be delivered vacant, allowing investors to capture market rents immediately. The property offers functional layouts, consistent tenant demand, and strong workforce housing appeal, making it an attractive opportunity for private investors and 1031 exchange buyers seeking reliable income, long-term appreciation, and future value growth in a supply-constrained East Bay rental market.
Located in central San Pablo, 1937 Powell Street provides convenient access to major Bay Area employment hubs and key transportation corridors, including Interstate 80 and San Pablo Avenue, offering direct connectivity to Berkeley, Oakland, and San Francisco. The property is situated near Contra Costa College, retail centers, grocery stores, and a variety of dining options, while also benefiting from proximity to AC Transit bus lines and El Cerrito del Norte BART for convenient regional commuting. The surrounding neighborhood continues to experience strong rental demand driven by its relative affordability compared to nearby markets such as Berkeley and El Cerrito, making San Pablo an attractive and stable location for long-term multifamily investment.
Located in central San Pablo, 1937 Powell Street provides convenient access to major Bay Area employment hubs and key transportation corridors, including Interstate 80 and San Pablo Avenue, offering direct connectivity to Berkeley, Oakland, and San Francisco. The property is situated near Contra Costa College, retail centers, grocery stores, and a variety of dining options, while also benefiting from proximity to AC Transit bus lines and El Cerrito del Norte BART for convenient regional commuting. The surrounding neighborhood continues to experience strong rental demand driven by its relative affordability compared to nearby markets such as Berkeley and El Cerrito, making San Pablo an attractive and stable location for long-term multifamily investment.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $3,086 CAD | 753 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 411-190-040-5 | Improvements Assessment | $941,558 CAD |
| Land Assessment | $397,692 CAD | Total Assessment | $1,339,250 CAD |
Property Taxes
Parcel Number
411-190-040-5
Land Assessment
$397,692 CAD
Improvements Assessment
$941,558 CAD
Total Assessment
$1,339,250 CAD
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1937 Powell St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.