329 Camelback Rd, Pleasant Hill, CA 94523
TWO, 8-unit apartment buildings for-sale … 16-Units
Excellent location on a tree-lined street in an upscale area. A few blocks to Safeway, Target, Sunvalley Mall and Diablo Valley College (about 22,000 students).
First time on the market in 44-years … this has been a terrific rental property.
329 and 323 Camelback Road, Pleasant Hill
Off Hwy-680, by Walnut Creek, Concord and Martinez
Apartment Mix (each building)
4-units are 1-bed/1-bath
2-units are 1-bed + den/1-bath
2-units are 2-bed/1-bath
Current Rents : $144,000 per year (ave per building)
HUD Rents : $204,000 per year (per building)
Offered at : $2,000,000 (per building)
Price Per Unit : $250,000
Square feet : 5,808 (per building)
Price Per Sq Ft : $344
CAP-Rates : 3.8% (current rents), 6.8% (HUD rents)
Offers reviewed on Tuesday, June 28th at 3pm
This is a Trust Sale, no court approval is required
IMPORTANT : please do not disturb Tenants - you are welcome to driveby, or do a quick walk around the buildings, but please have any discussions across the street so as not to disturb the Tenants.
SHOWINGS : unfortunately, we do not have a vacant unit to show, and, with apartment buildings, we cannot show the apartments prior to being in-contract because it would be much too intrusive on the Tenants.
OFFERS : please write Offers subject to your inspections. Do not write Non-Contingent, Buyers will have time to do inspections.
CONDITION : apartments are in good condition and have been updated over the years.
SWIMMING POOLS and LAUNDRY : tenants have access to 2 swimming pools and the coin laundry room - you can see them at 630 Tempe Court - the pool and laundry are owned by Camelback North Apartments and use of them is paid by the landlord to the property management company.
HVAC : the 2-bedroom units have central HVAC, all other units have a wall heater and air conditioner.
UTILITIES : Tenants pay for electricity and cable. Landlord pays for water and garbage.
PROFORMA : email Kevin for a copy of the Proforma. email to : "EMAILKEVIN@ATT.NET"
Pre-Escrow is with First American Title in Orinda.