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815 San Pablo Ave
Pinole, CA 94564 Outer Richmond/Martinez

$1,600,000 USD

Apartments For Sale  •  4,588 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,588 SF
  • Lot Size 0.2 AC
  • Building Class B
  • Year Built 2001
  • Cap Rate 4.48 %
  • Zoning CMU
0 Transit Score
69 Walk Score

Highlights

Low Maintenance w Newer 2001 Construction - Pride of ownership helps keep ongoing maintenance costs low.
Minimal Insurance Issues - Insurance concerns alleviated with modern electric panels/wiring, sprinklered building, and balconies are already vented.
Gratuitous State Rental Increase - State rent control (AB 1482) allows increases of CPI + 5% (w a max of 10%). Much higher than nearby cities.
Potential Conversion to Add Additional Units - Commercial unit may generate more income if converted to apartments.

Financial Summary (Actual)

Net Operating Income: $71,751 USD (2025)
Cap Rate: 4.48 %
Total Expenses: $47,481 USD

Major Tenants

Tenant SF Occupied Lease End Date
Cowperthwaite Hininger

Amenities

  • Balcony
  • Laundry Facilities
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Tile Floors
  • Office
  • Patio

Public Transportation

Commuter RailDriveWalkDistance
Richmond (Capitol Corridor - Capitol Corridor Joint Powers Authority) 11 min - 6.1 mi
AirportDriveWalkDistance
Metro Oakland International 35 min - 26.3 mi
San Francisco International 47 min - 33.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Davide Pio, CCIM 510-815-2000 BCRE
Davide Pio, CCIM 510-815-2000 BCRE