Multifamily

8-10 Sapone Ln

8-10 Sapone Ln, Bay Point, CA 94565

Listing Price: $970,000

Cap Rate
6.07%
Number of Units
6
GRM
11.10
Occupancy
97.0%
Price/Unit
$161,667
Price/Gross SF
$192.35
Gross SF
5,043

Investment Overview

Marcus & Millichap is pleased to present 8-18 Sapone Lane in Bay Point, California. Constructed in 1941, this six-unit property is comprised of three separate buildings with a unit mix of three two-bedroom/one-bathroom units at approximately 625 square feet each, and three three-bedroom/one-bathroom units at approximately 1,056 square feet each. The property features, ample open parking, security gates, and private backyards. Recent capital improvements to the property include fresh exterior paint, new siding in select exterior locations, and new fencing.

The property is located within a few minutes drive to Walgreens, Safeway, Willow Cove Elementary school, Riverview Middle School, Rancho Medanos Junior High School, Delta View Golf Course, Anuta, Seasons and Hillsdale public parks, and numerous eateries along Willow Pass Road all. Additionally, the location provides tenants with convenient access to highways 4 and 580, and numerous employment centers in Eastern Contra Costa County and the East Bay. Bay Point is one of the last bastions in Eastern Contra Costa County of truly affordable rents relative to most other locations in Alameda and Contra Costa counties. Given its central location, Sapone Lane will always be sought after by renters seeking affordable workforce housing in a supply-constrained rental market.

Investment Highlights

  • Upside in the existing rents
  • Recent capital Improvements
  • Convenient access to Bart, employment centers, schools and parks
  • Work force housing in a supply constrained market

Exclusively Listed By

Listing Price: $970,000

Cap Rate
6.07%
Number of Units
6
GRM
11.10
Occupancy
97.0%
Price/Unit
$161,667
Price/Gross SF
$192.35
Gross SF
5,043

Investment Highlights

  • Upside in the existing rents
  • Recent capital Improvements
  • Convenient access to Bart, employment centers, schools and parks
  • Work force housing in a supply constrained market

Investment Overview

Marcus & Millichap is pleased to present 8-18 Sapone Lane in Bay Point, California. Constructed in 1941, this six-unit property is comprised of three separate buildings with a unit mix of three two-bedroom/one-bathroom units at approximately 625 square feet each, and three three-bedroom/one-bathroom units at approximately 1,056 square feet each. The property features, ample open parking, security gates, and private backyards. Recent capital improvements to the property include fresh exterior paint, new siding in select exterior locations, and new fencing.

The property is located within a few minutes drive to Walgreens, Safeway, Willow Cove Elementary school, Riverview Middle School, Rancho Medanos Junior High School, Delta View Golf Course, Anuta, Seasons and Hillsdale public parks, and numerous eateries along Willow Pass Road all. Additionally, the location provides tenants with convenient access to highways 4 and 580, and numerous employment centers in Eastern Contra Costa County and the East Bay. Bay Point is one of the last bastions in Eastern Contra Costa County of truly affordable rents relative to most other locations in Alameda and Contra Costa counties. Given its central location, Sapone Lane will always be sought after by renters seeking affordable workforce housing in a supply-constrained rental market.

Exclusively Listed By

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