141 E 15th St, Pittsburg, California 94565, Pittsburg, 94565 - 3 bed, 2 bath
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Pittsburg, California 94565
This property presents a High-Potential Investment Opportunity with a List Price of $315,000, positioned slightly above the $310,192 Fair Market Value. While the property lacks an immediate equity gap, it offers a stable, income-producing Buy-and-Hold Investment asset with a long-term tenant already in place. Featuring a Condition Rating of 4, the townhouse requires future capital expenditures to modernize aging systems. Its proximity to Pittsburg Senior High School ensures consistent rental demand, making this an ideal acquisition for Income-Focused Investors seeking immediate cash flow.
Property is moderate renovation needed.
Built in 1974, this 50-year-old townhouse is functional and currently occupied, but the 'investment' description and long-term tenancy suggest dated interiors. The exterior shows signs of age and minor deferred maintenance on the trim. Kitchen, bathrooms, and major systems are likely beyond their typical 20-year lifecycle and will require updates.
The property is currently occupied by a long-term tenant, offering investors immediate cash flow and a seamless transition without the risk of initial vacancy.
Priced at $315,000, this 3-bedroom townhouse represents a highly accessible price point for the California market, making it an ideal opportunity for portfolio diversification.
Located just 0.36 miles from Pittsburg Senior High School, the property is conveniently situated for families, which helps maintain high rental demand.
The monthly HOA fee of $400 is relatively high compared to the listing price, which may impact the overall cap rate and monthly net profit for an investor.
Built in 1974, the property may require future capital expenditures for systems or structural updates typical of a 50-year-old building.
Investment opportunity! This fully rented 3-bedroom, 1.5-bath townhouse offers immediate rental income with a long-term tenant already in place. The current tenant has occupied the property for several years and would like to remain, providing a seamless transition for the next owner. A great opportunity to acquire an income-producing property with established rental history and built-in cash flow from day one.
No exterior & parking available.
Grades K-5 • 1.7 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,116 | - |
| Lot Size | 1,116 | - |
| Price | $315.0K | $505.0K |
| Price per sq ft | $282 | $368 |
| Built year | 1974 | 0 |
| HOA | $400.0 | $0 |
| Days on market | 45 | 141 |
Jun 8, 2026
$315,000
Initial Listing
Jun 5, 2009
$50,000
Public Record
Sep 30, 2005
$290,000
Public Record