• Asking Price: $1,550,000
• This Investment Opportunity Features Six (6) 2bd/1bth Units that are Approximately 800 SF Each, Situated on an Expensive 23,522 SF Lot
• Separately Metered for Gas and Electricity - Keeping Owner Expenses to a Minimum
• Each Unit has Been Completely Remodeled from Top to Bottom, with Brand New ABS Plumbing, New Copper Pipe Plumbing, New Electrical, Remodeled Bathrooms and Kitchens, and New Flooring
• Most of the Units are Section 8 Tenants, Guaranteeing Consistent Rental Income
• One Unit is Vacant and can be Immediately Rented at Market Rate Rent
• The Expansive Lot Size Offers Plenty of Potential for Additional ADUs for Increased Rental Income
• Prime Bay Point Location - No City Rent Control and Close to Popular Restaurants, Cafes, Parks, Schools, Public Transportation and Shopping Options

OFFERING SUMMARY

COUNTY: Contra Costa
BUILDING SF: 4,833 SF
LAND SF: 23,522 SF
LAND ACRES: 0.54
NUMBER OF UNITS: 6
YEAR BUILT: 1931
APN: 095-092-002-5

FINANCIAL SUMMARY

PRICE: $1,550,000
PRICE PSF: $320.71
PRICE PER UNIT: $258,333
OCCUPANCY: 100.00 %
NOI (CURRENT): $116,972
NOI (PRO FORMA): $130,749
CAP RATE (CURRENT): 7.55 %
CAP RATE (PRO FORMA): 8.44 %
CASH ON CASH (CURRENT): 7.92 %
CASH ON CASH (PRO FORMA): 10.88 %
GRM (CURRENT): 10.00
GRM (PRO FORMA): 8.99

PROPOSED FINANCING

LOAN TYPE: Amortized
DOWN PAYMENT: $465,000
LOAN AMOUNT: $1,085,000
INTEREST RATE: 6.25 %
LOAN TERMS: 30
ANNUAL DEBT SERVICE: $80,166
LOAN TO VALUE: 70 %
AMORTIZATION PERIOD: 30 Years

Property Overview

• The Pinza Group presents 2121 Willow Pass Rd in Bay Point, CA. This property features six 2-bedroom, 1-bathroom units, each approximately 800 square feet, situated on an expansive 23,522 square foot lot. The units are separately metered for gas and electricity, minimizing owner expenses.
Each unit has been remodeled, boasting brand new ABS plumbing, new copper pipe plumbing, new electrical systems, remodeled bathrooms and kitchens, and new flooring. The property includes gated parking with twelve (12) total spaces and ample room to add accessory dwelling units (ADUs). Most units are occupied slightly below market rent, ensuring consistent rental income, with one unit
currently vacant and ready to be rented at market rate. Located in a prime Bay Point location with no city rent control, this is the ideal opportunity for cash flow investors.

Location Overview

• Located about 30 miles northwest of Oakland, Bay Point is a diverse and vibrant community with a predominantly residential character. Nestled between the picturesque Suisun and Honker Bays, Bay Point offers an upscale living environment highlighted by glamorous Spanish-style houses and modern apartments available for rent. The community enjoys a serene suburban atmosphere while still
providing easy access to the amenities and conveniences of the larger Bay Area. Although Bay Point itself hosts a few local businesses, residents often venture to neighboring communities like Concord for a broader array of shopping and dining options. The town's prime location makes it particularly attractive for commuters, with Oakland only a 30-minute drive away and San Francisco reachable within 40 minutes. This proximity to major urban centers allows residents to enjoy the tranquility of suburban living without sacrificing the excitement and opportunities of the city. Whether seeking a peaceful retreat or a strategic home base for commuting, Bay Point seamlessly blends the best
of both worlds.