Skip To Content
    Return to Previous Page

    2329 Willow Pass Road

    Bay Point, CA 94565
    • $2,750,000
    • STATUS: Active
    • ON SITE: 325 days
    • ID#: MR40897898
    UPDATED: 74 min ago
    $2,750,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1945
    County:
    Area:

    School Ratings & Info

    Description

    PRICE CUT 2.9M to 2.75M on 10/11. Address is 2315-2329 Willow Pass and 19-37 Washington St - main parking lot on 19Washington St. Priced at CURRENT 6.13% cap.Great unit mix 1 Three-bed, 5 Two-bed, 3 One-bed, 3 studios. high rents/ unit; low expenses. Comparable Owner's listing 83 solano ave Bay Point sold for $2,675,000 (largely studios and 1 bed); here the gross profit is 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. High CURRENT CAP RATE 6.13% 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 ~2 year with HIGH SECURITY DEPOSITS providing security on tenant performance and careful documentation of leases - TO MAKE MANAGEMENT OF COMPLEX, EASIER AND TURNKEY.

    Monthly Payment Calculator



    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-01-25T06:49:28.297. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

    Licensed in the State of California.
    www.dominicnicoli.com/homes/103850341
    Print Image

    2329 Willow Pass Road Bay Point, CA 94565

    • Price: $2,750,000
    • Status: Active
    • Updated: 74 min ago
    • ID#: MR40897898
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1945
    Built
    Neighborhood:
    Bay Point
    County:
    Contra Costa
    Area:
    Bay Point
    Property Description
    PRICE CUT 2.9M to 2.75M on 10/11. Address is 2315-2329 Willow Pass and 19-37 Washington St - main parking lot on 19Washington St. Priced at CURRENT 6.13% cap.Great unit mix 1 Three-bed, 5 Two-bed, 3 One-bed, 3 studios. high rents/ unit; low expenses. Comparable Owner's listing 83 solano ave Bay Point sold for $2,675,000 (largely studios and 1 bed); here the gross profit is 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. High CURRENT CAP RATE 6.13% 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 ~2 year with HIGH SECURITY DEPOSITS providing security on tenant performance and careful documentation of leases - TO MAKE MANAGEMENT OF COMPLEX, EASIER AND TURNKEY.
    Exterior Features

    Exterior Composition ShinglesSiding - Wood Lot Description Regular Roof Composition Units In Complex Max 12

    Interior Features

    Cooling Window / Wall Unit Flooring Laminate Heating Wall Furnace Structure Sq Ft 5649

    Property Features

    Accessibility Features Other Additional Listing Info Not Applicable Amenities None City Name Bay Point Cross Street S Bella Monte Av Hoa Amenities None Lot Size Area Maximum 17040.00 Sewer Septic Sewer - Public Water Public

    © 2021 MLSListings Inc. All rights reserved. Listing provided courtesy of Sandeep Gupta of Sandeep Gupta, Broker.


    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-01-25T06:49:28.297. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

    Licensed in the State of California.
     
    https://bt-photos.global.ssl.fastly.net/siliconv/orig_boomver_2_17539558-1.jpg https://bt-photos.global.ssl.fastly.net/siliconv/orig_boomver_2_17539558-1.jpg https://bt-photos.global.ssl.fastly.net/siliconv/orig_boomver_2_17539558-1.jpg
    Logo
    Intero Real Estate
    496 First Street, Ste 200
    Los Altos CA, 94022