503 Winslow StCrockett, CA 94525

Property Details for 503 Winslow St

Year built

1908

Lot size

0.11 AC

Property size (Sq ft)

3,465 SF

Zone code

R-6

Property type

Apartment buildings

APN

354-075-009-2

APU

3540750092

Description

This exceptional investment opportunity presents a 6-unit multifamily property in Crockett, CA, listed at $1,408,000. The property boasts two buildings situated on a 5,150 sq ft lot, comprising a 4-plex and a duplex. Each unit offers either in-unit laundry or hookups, enhancing tenant appeal. The property features 3 garages and additional on-site parking, a significant advantage for tenants. Individual PG&E meters simplify utility management. Built in 1962, the 3,042 sq ft net rentable space generates a strong NOI of $81,464, resulting in a compelling 5.79% cap rate. The price per unit is $234,667. Located in Crockett's unincorporated area, this investment avoids potential future rent control regulations. The property's location offers scenic waterfront views and proximity to the Carquinez Bridge and the C&H Sugar Factory, adding to its appeal. Seller financing is available, making this a particularly attractive proposition for investors seeking a value-add opportunity with significant upside potential. This property is ideal for both seasoned investors and those new to the market, offering a blend of strong current income and future appreciation potential. The tranquil setting and convenient amenities combine to create a highly desirable rental property in a charming waterfront community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,460,768

  6.5%

  $1,348,401

  7%

  $1,252,087

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,353,109

  Geo Method

  $1,497,956

• Alternative Use

  Use

  Valuation

  Residential

  $1,348,401

  Hospitality

  $1,235,128

  Educational

  $1,027,612

  Medical

  $1,062,953

  Retail

  $1,598,508

Location Insight

City

Crockett

County

Contra Costa

State

California

Latitude

38.0551

Longitude

-122.214

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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