505 Carpino Ave, Pittsburg, California 94565, Pittsburg, 94565 - 0 bed, 0 bath
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Pittsburg, California 94565
This High-Potential Investment Opportunity is a Residential Income Duplex listed at $585,000, positioned slightly above the $574,434 Fair Market Value. Featuring a Condition Rating of 2, the property has undergone a complete top-to-bottom renovation, including new electrical, copper piping, and ABS sewer lines. With a total monthly revenue of $4,330 and separate PG&E meters, this asset provides immediate, stable cash flow. This turnkey, low-maintenance property is an ideal acquisition for Buy-and-Hold Investors or passive income seekers looking for a reliable, permit-compliant rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 505 Carpino Ave Subject | $585,000* List Price | 0 | 0 | 1,380 | $416 | - |
A 1160 West St Active | $569,999 List Price | 0 | 0 | 1,865 | $306 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a complete top-to-bottom renovation with permits, including new electrical, copper piping, and ABS sewer lines. The interior features a modern kitchen with stainless steel appliances, new flooring, and updated HVAC systems, meeting the criteria for a recent renovation with no maintenance required.
The property has been extensively renovated from top to bottom, including new copper piping, ABS sewer lines, and updated electrical systems, all completed with permits to ensure long-term reliability.
With a total monthly revenue of $4,330 from established tenants, the property offers an impressive gross rent multiplier and immediate cash flow for an investor.
Separate PG&E meters for each unit allow tenants to pay their own gas and electric, significantly reducing the owner's monthly overhead and management complexity.
The property operates on a single water meter paid for by the owner, which prevents the direct pass-through of water costs to tenants and can fluctuate based on usage.
Both units are 1-bedroom, 1-bathroom layouts, which may restrict the tenant pool to individuals or couples and limit future rent growth compared to multi-bedroom units.
This is a 2 unit building, and Each unit is 1 bedroom and 1 full bath. Both have their own Separate PG&E Meters. One water meter. Owner pays for the water only. The entire building has been renovated top to bottom, with new Copper piping, ABS sewer line, New Electrical, new PG&E electric meter . You dont have to do anything to this place. All done with permits. Both Tenants are original, one pays $2250. and the other pays $2080. The tenants like to stay.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,380 | 1,399 | 43% |
| Lot Size | 6,475 | 7,405 | 29% |
| Price | $585.0K | $700.0K | 29% |
| Price per sq ft | $424 | $321 | 57% |
| Built year | 1952 | 1952 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 135 | 14% |
Jun 1, 2026
$585,000
Initial Listing
Sep 23, 2024
$350,000
Public Record