Investment Overview

This offering at 437 Corte Arango consists of a well-maintained 5-unit apartment complex with strong curb appeal in the heart of El Sobrante, a growing and supply-constrained submarket of Contra Costa County. Positioned off Appian Way, the two-story building is located on a quite cul-de-sac, providing residents with a tranquil well manicured ambience, just minutes from shopping and urban amenities. The improvements consist of five large 848 square foot (per county records) two bedroom one and a half bath townhouse style units, with tuck under parking. The rear and front units benefit from patios and balconies, and tenants enjoy ample outdoor space on the oversized 7,566 sq. foot parcel which features attractive but easy to maintain landscaping. Construction is of wood frame with stucco siding, and a flat roof. Tenants benefit from being within easy walking distance to stores and restaurants along the Appian Way Corridor. There is an on-site laundry room with 1 washer & 1 for tenant convenience and added income. The subject property enjoys a superior location near to Interstate 80, providing direct access to employment hubs throughout the East Bay and North Bay. Nearby conveniences include the Pinole Vista Shopping Center, as well as local retailers like United Food Mart across the street and a Shell gas station adjacent to the property. Its positioning in unincorporated Contra Costa County also allows for investor-friendly rent increases of 5% plus CPI annually under California’s AB 1482 rent control ordinance. Current rents are below market, in unincorporated county jurisdiction allowing a new buyer the potential to increase rents on an annual basis moving forward, offering significant cash-flow upside. This offering is ideal for investors seeking a stabilized, easy-to-manage asset with long-term appreciation potential. The close proximity to shopping, transit, and outdoor recreation make it a compelling acquisition in an increasingly competitive submarket.