242 Wood StCalifornia, PA 15419

Property Details for 242 Wood St

Lot size

0.04 AC

Property type

Investment properties

Property subtype

Live-work space

APN

080-005-00-01-0017-00

APU

800050001001700

Description

This exceptional two-story commercial building at 242 Wood Street in California, Pennsylvania, presents a lucrative turnkey investment opportunity. Situated on a 0.04-acre lot, the property generates income from three separate tenants. The ground floor features a street-level commercial space, currently operating as a dance studio, boasting a full window lobby, a half bathroom, and a large open area with a side exit and high ceilings. Access to a full basement is also available from this space. A separate entrance provides secure access to the upper level, which houses two residential apartments. The first apartment comprises a spacious living room, one bedroom, one full bathroom, an eat-in kitchen with included appliances, and in-unit laundry. The second apartment features an open-concept kitchen and living area, one bedroom, one full bathroom, and also includes all appliances and a washer and dryer. All spaces are currently rented, providing immediate cash flow. The property's convenient location offers easy walking access to all amenities in California, including the University. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. The building's versatile layout and strong tenant occupancy make it an ideal investment for both seasoned and new investors seeking a stable and profitable venture.

• CAP approach

  CAP return

  Valuation

  6%

  $434,976

  6.5%

  $401,516

  7%

  $372,837

• Comparable approach

  Method

  Valuation

  Relative Method

  $328,749

  Geo Method

  $328,749

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $776,226

  Retail / Commercial

  $400,785

  Hospitality / Lodging

  $297,392

  Office

  $401,380

  Institutional / Educational

  $418,187

  Residential Income

  $489,279

  Multifamily

  $574,841

  Automotive / Energy

  $358,446

  Parking / Income-Based Land

  $121,562

  Restaurant / Food Service

  $213,441

  Healthcare / Senior Housing

  $409,533

Location Insight

City

California

County

Washington

State

Pennsylvania

Latitude

40.0669

Longitude

-79.8897

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].