1937 Powell St Immeuble residentiel 6 lots 1 460 039 € (243 340 €/Lot) Taux de capitalisation 7,35 % San Pablo, CA 94806

1937 Powell Street presents a value-add multifamily investment consisting of six residential units in the heart of San Pablo. The property features a desirable unit mix of six 2-bedroom/1-bath apartments generating strong in-place income with additional upside through rent optimization and operational efficiencies. Current gross scheduled income is over $160,000 annually, providing stable cash flow with one unit projected to be delivered vacant, allowing investors to capture market rents immediately. The property offers functional layouts, consistent tenant demand, and strong workforce housing appeal, making it an attractive opportunity for private investors and 1031 exchange buyers seeking reliable income, long-term appreciation, and future value growth in a supply-constrained East Bay rental market.
Located in central San Pablo, 1937 Powell Street provides convenient access to major Bay Area employment hubs and key transportation corridors, including Interstate 80 and San Pablo Avenue, offering direct connectivity to Berkeley, Oakland, and San Francisco. The property is situated near Contra Costa College, retail centers, grocery stores, and a variety of dining options, while also benefiting from proximity to AC Transit bus lines and El Cerrito del Norte BART for convenient regional commuting. The surrounding neighborhood continues to experience strong rental demand driven by its relative affordability compared to nearby markets such as Berkeley and El Cerrito, making San Pablo an attractive and stable location for long-term multifamily investment.