242 Wood StCalifornia, PA 15419

Property Details for 242 Wood St

Lot size

0.04 AC

Property type

Mixed-use properties

Property subtype

Other investment properties

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%

  $383,673

  6.5%

  $354,159

  7%

  $328,862

• Comparable approach

  Method

  Valuation

  Relative Method

  $322,303

  Geo Method

  $322,303

• Alternative Use

  Use

  Valuation

  Residential

  $439,157

  Hospitality

  $402,266

  Educational

  $334,680

  Medical

  $346,191

  Retail

  $520,614

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

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