Four (4) apartment units from an originally converted commercial space. Can be sold with neighboring property (MLS 41056680). Seller financing available w 40%+ down Does *NOT* qualify for typical 4 unit financing. Cap Rate - 7.97% (Current) | GRM - 6.71 (Current) vs Cap Rate - 8.35% (Proforma) | GRM - 6.54 (Proforma)
bridgeMLS, Bay East AOR, or Contra Costa AOR #41089635
May 1, 2025
Sold
$455,000
$248/sq ft
Apr 10, 2025
Pending
—
Mar 16, 2025
Price Changed
$475,000
$259/sq ft
Mar 15, 2025
Price Changed
$462,500
$252/sq ft
Mar 15, 2025
Listed
$450,000
$245/sq ft
bridgeMLS, Bay East AOR, or Contra Costa AOR #41056680
May 1, 2025
Sold
$930,000
$506/sq ft
Apr 10, 2025
Contingent
—
Mar 15, 2025
Relisted
—
Mar 15, 2025
Price Changed
$975,000
$531/sq ft
Feb 1, 2025
Listing Removed
—
Oct 24, 2024
Price Changed
$1,000,000
$544/sq ft
Apr 18, 2024
Listed
$1,150,000
$626/sq ft
+28
Cap Rate - 8.53% (Current) | GRM - 6.32 (Current) vs Cap Rate - 9.62% (Proforma) | GRM - 6.16 (Proforma). TO BE SOLD IN CONJUNCTION W 524-528 1st St. Two (2) parcels can be purchased jointly for a total of seven (7) units. 516 1st St has a total of four (4) living units consisting of (2) 2 bed / 1 bath, (1) 1 bed / 1 bath, and (1) studio unit and a shed in the rear. 524-528 1st St consists of a small office space, (1) 3 bed / 1 bath unit with a sizable back yard, (1) 2 bed / 1 bath unit, a storage space, and 2 car garage. Seller financing allows for flexibility for an investor to acquire the asset which has had most units updated. Along with rent growth in this desirable East Bay suburb, the buyer can update the electric/gas systems to more accurately distribute and pass on expenses to the tenants. Located in quaint downtown Rodeo, the property is located in proximity to local businesses as well as San Pablo Bay. A short drive provides quick access to Highway 80 allowing easy connects to Vallejo, Berkeley, Oakland and San Francisco.
bridgeMLS, Bay East AOR, or Contra Costa AOR #40986087
Aug 11, 2022
Listing Removed
—
May 18, 2022
Price Changed
*
Mar 24, 2022
Price Changed
*
Mar 24, 2022
Listed
*
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Permits
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Contra Costa County
APN
—
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Apr 9, 2023.
P-1
Planned Unit District
A large-scale integrated development or a general plan special area of concern provides an opportunity for, and requires cohesive design when flexible regulations are applied; whereas the application of conventional regulation, designed primarily for individual lot development, to a large-scale development or special area may create a monotonous and inappropriate neighborhood. The planned unit district is intended to allow diversification in the relationship of various uses, buildings, structures, lot sizes and open space while insuring substantial compliance with the general plan and the intent of the county code in requiring adequate standards necessary to satisfy the requirements of the public health, safety and general welfare. These standards shall be observed without unduly inhibiting the advantages of large-scale site or special area planning.
Permitted uses
Include but are not limited to:
Housing-Single unit
Jan 30, 2010 • Final
Building/commercial/t/tenant improvement
Work on an alteration.
Remodel
Nov 20, 2006 • Final
Building/commercial/t/tenant improvement
Install a new facade according to the provided plans.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Features: Off Street
Interior
Interior Features
Appliances: Gas Water Heater
Flooring: Laminate
Unit 1 Information
Unit 1 # of Bathrooms: 1
Unit 2 Information
Unit 2 # of Bathrooms: 1
Unit 3 Information
Unit 3 # of Bathrooms: 1
Unit 4 Information
Unit 4 # of Bathrooms: 1
Multi-Unit Information
Number Of Units Total: 4
Exterior
Building Information
Construction Materials: Brick, Stucco
Building Area Total: 1,837
Exterior Features
Exterior Features: No Yard
Property Information
Living Area: 1837
Living Area Units: Square Feet
Property Type: Residential Income
Year Built: 1949
Lot Information
Lot Size Square Feet: 5938
Lot Size Area: 0.14
Lot Size Units: Acres
Lot Size Acres: 0.14
Financial
Tax Information
Tax Annual Amount: $7,337
Utilities
Utility Information
Utilities: All Public Utilities, Natural Gas Connected, Individual Electric Meter, Individual Gas Meter, Master Electric Meter, Master Gas Meter
Heating & Cooling
Has Heating
Heating: Natural Gas
Cooling: No Air Conditioning
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Contra Costa County
APN: —
Home facts updated by county records on Apr 9, 2023
Around this home
Schools
Rodeo Hills Elementary School
Public K-5 • Assigned • 0.4mi
5/10
Carquinez Middle School
Public 6-8 • Assigned • 2.7mi
4/10
John Swett High School
Public 9-12 • Assigned • 2.9mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Rodeo, CA • 94572
Average low and high temperatures (°F)
59
45
61
48
68
51
66
51
71
54
72
56
70
56
77
58
76
59
73
57
62
50
56
47
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 11.4 hours in
June and 4.9 hours in December, placing it above the
U.S. average for solar exposure.
11.4 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$828,000 – $1.00M
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Property information provided by bridgeMLS, Bay East AOR, or Contra Costa AOR when last listed in 2025. This data may not match public records. Learn more.