128 Wood StCalifornia, PA 15419

Property Details for 128 Wood St

Lot size

0.28 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

080-006-00-03-0001-00

APU

800060003000100

Description

Exceptional investment opportunity in California, Pennsylvania! This mixed-use property at 128 Wood St boasts 52 apartment units – a mix of studios, one, two, three, and four-bedroom apartments totaling 74 beds – and a 1600+ sq ft commercial space, previously occupied by Quiznos. The property enjoys a prime location, just blocks from PennWest California University and minutes from California Technology Park, providing access to a large pool of potential tenants. The building features recent renovations, both interior and exterior, and includes valuable amenities such as an on-site gym, coin-operated laundry facilities, and a large basement with potential for additional income-generating tenant storage. Safety features are in place, including sprinklers, security cameras, and fire alarms. An 18-space parking lot is also included. The property sits on a 0.285-acre lot and is zoned C2. Currently operating at 80% occupancy, the property generates a strong Net Operating Income (NOI) of $129,969, representing a 7.91% cap rate. The asking price is $1,400,000. Owner financing is available. Utilities include electricity, natural gas, sewer, and water. Virtual tours are available online.

• CAP approach

  CAP return

  Valuation

  6%

  $2,944,425

  6.5%

  $2,717,930

  7%

  $2,523,793

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,473,458

  Geo Method

  $2,473,458

• Alternative Use

  Use

  Valuation

  Residential

  $3,370,234

  Hospitality

  $3,087,116

  Educational

  $2,568,444

  Medical

  $2,656,777

  Retail

  $3,995,358

Location Insight

City

California

County

Washington

State

Pennsylvania

Latitude

40.0678

Longitude

-79.8894

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].