58 Meadowbrook Ave, Pittsburg, California 94565, Pittsburg, 94565 - 2 bed, 2 bath
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Pittsburg, California 94565
This Cash-Flowing Residential Asset is a strategic acquisition listed at $329,000, positioned near its $309,303 Fair Market Value. Currently maintaining a Condition Rating of 4, the property serves as a turnkey investment, generating $2,800 Monthly Rental Income with reliable tenants already in place. The 1,122 SqFt Layout includes a Granite Kitchen and a Private Patio, offering a low entry point compared to its 2022 sale price of $375,000. Located near Stoneman Elementary and Pittsburg Senior High School, this "as-is" opportunity provides immediate stability. It is ideally suited for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 58 Meadowbrook Ave Subject | $329,000* List Price | 2 | 2 | 1,122 | $276 | - |
A 38 38 Meadowbrook Ave Sold | $360,000 | 2 | 2 | 1,122 | $321 | 0.1 mi |
B 61 61 Meadowbrook Ave Active | $378,000 List Price | 2 | 2 | 1,122 | $337 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, this townhome shows a mix of partial updates and dated features. The kitchen has been refreshed with granite countertops and a modern faucet, but retains older white appliances and painted cabinetry. Bathrooms feature functional but dated vanities and fixtures. While the main living areas have updated laminate flooring, the property still has popcorn ceilings and the exterior patio fence requires repair. It is well-maintained for a rental but needs minor cosmetic and functional updates to reach a higher quality standard.
The property is currently tenant-occupied and generates $2,800 per month in rental income, providing a turnkey investment with a seamless transition for the new owner.
Listed at $329,000, the property is priced significantly below its 2022 sale price of $375,000, offering substantial equity potential and a low entry point for the area.
Featuring 1,122 square feet of living space, this 2-bedroom unit offers a more generous floor plan than many competing condos, increasing its long-term desirability.
The property is being sold in as-is condition, which may necessitate immediate capital expenditures for repairs or modernization given the 1972 construction year.
A monthly association fee of $400 adds a significant recurring expense that impacts the net rental yield and overall monthly affordability for the owner.
Spacious 2-bedroom, 1.5-bath townhome located in the desirable Meadowbrook community of Pittsburg. This property presents a great investment opportunity, currently tenant-occupied and generating approximately $2,200 per month in rental income. Tenants would love to stay, offering a seamless transition for the next owner. Property to be sold as-is.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 3.0 | 40% |
| Square foot | 1,122 | 1,122 | 50% |
| Lot Size | 900 | 1,056 | 40% |
| Price | $329.0K | $417.0K | 20% |
| Price per sq ft | $293 | $321 | 20% |
| Built year | 1972 | 1988 | 40% |
| HOA | $400.0 | $321 | 60% |
| Days on market | 59 | 221 | 20% |
Apr 16, 2026
$329,000
Initial Listing
May 24, 2022
$375,000
Public Record
Oct 21, 2003
$195,000
Public Record