516 First St

Beds
Baths
4,942 Sq. Ft.
$188 / Sq. Ft.
4,942
Sq. Ft.
$188
per Sq. Ft.

Description

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...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.
  1. Listed by Davide Pio • DRE #01522969 • BCRE

Property Details for 516 First Street

City
RODEO
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Detached Garage, Other, RV/Boat Parking
Total # Parking Spaces
2
LISTING UPDATED: 05/01/2025 10:20 AM

Property Details for 516 First Street

StatusSold
MLS #41056680
Days on Compass313
Taxes$19,269 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units
Year Built1949
Lot Size0.35 AC / 15,453 SF
CountyContra Costa County

Location

Listing Courtesy of BCRE, Davide Pio, DRE #01522969

Sold By KW Advisors, Kristopher Mares, DRE #02188892

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Building Information for 516 First Street

Stories-Residences7Year Built1949Building Size-Lot Size0.35 AC / 15,453 SF

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$6,138 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,533

Property Taxes

$1,606

HOA Dues

$0

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Property Information for 516 First Street

Features
Feature Details
  • Flooring: Other
Utility Details
  • Cooling: Ceiling Fan(s), Other
  • Heating: Wall Furnace, Other Heat
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
Property Details
  • Additional Equipment: Other
  • Exterior: Brick, Stucco, Wood Frame
  • Lot Description: Level
  • Lot Sq Ft Apx: 15453
  • Lot Size Square Feet: 15453.0
  • Roof: Other
  • Sq Ft Apx: 4942
  • Year Built: 1949
Location Details
  • Directions to Property: Parker to 1st St
  • FIPS Code: 06013
  • Census Tract: 00000
  • Parcel Number: 357-041-003-9
  • Printed Neighborhood Rpt: No
  • Board ID: CONTRA COSTA
Multi Family Information
General Details
  • Units Total: 7
  • Basement: None
  • Tenant Pays: Other
  • Financial Data Source: Estimated, Owner, Projected, Broker, Rental Agreement
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 1
  • Unit # 1 # of Bedrooms: 3
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Rent: 3255
Unit 2
  • Unit 2 # Units This Type?: 3
  • Unit # 2 # of Bedrooms: 2
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Rent: 1775
Unit 3
  • Unit 3 # Units This Type?: 1
  • Unit # 3 # of Bedrooms: 1
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Rent: 1400
Unit 4
  • Unit 4 # Units This Type?: 1
  • Unit # 4 # of Bedrooms: 0
  • Unit # 4 # of Bathrooms: 1
  • Unit # 4 Rent: 695
Unit 5
  • Unit 5 # Units This Type?: 1
  • Unit # 5 # of Bedrooms: 0
  • Unit # 5 # of Bathrooms: 1
Building Details
  • Additional Features-Misc: None
  • Apx Lot Acres: 0
  • On Site Parking Description: Detached Garage, On Street, Other, RV/Boat Parking
  • Tot Ann Oper Exp: 61196.0
Income / Expense Details
  • Annual Exp Year: 2025
  • Annual Insurance Expense: $3,900
  • Annual Maint Expense: $4,200
  • Annual Mgmt Expense: $8,665
  • Annual Taxes: $19,269
  • Annual Util Expense: $19,821
  • Annual Vacancy: 9849.0
  • Gross Income: $140,700
  • Gross Operating Actual Income: $144,411
  • Gross Rent Multiplier: 6.32
  • Net Operating Income: $83,215
Other Financial Information
  • Cap Rate: 8.53%
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 516 First Street

DateEvent & SourcePriceAppreciation
May 1, 2025

Sold

CRMLS #41056680

$930,000
May 1, 2025

Sold

EBRD #41089635

$455,000
May 1, 2025

Sold

EBRD #41056680

$930,000
May 1, 2025

Sold

MLSListings #CC41089635

$455,000
May 1, 2025

Sold

MLSListings #CC41056680

$930,000
May 1, 2025

Sold

CRMLS #41089635

$455,000
Apr 28, 2025

Sold (Public Record)

Public Record #1556513494

$455,000
Apr 28, 2025

Sold (Public Record)

Public Record #1556513494

$455,000

+3.8% / yr

Apr 10, 2025

Contingent - Show

MLSListings #CC41056680

Apr 10, 2025

Contingent - Show

EBRD #41056680

Apr 9, 2025

Pending

CRMLS #41089635

Apr 9, 2025

Contingent - Show

CRMLS #41056680

Apr 9, 2025

Pending

MLSListings #CC41089635

Apr 9, 2025

Pending

EBRD #41056680

Apr 9, 2025

Pending

EBRD #41089635

Apr 9, 2025

Pending

MLSListings #CC41056680

Mar 15, 2025

Price Change

CRMLS #41089635

$475,000
Mar 15, 2025

Listed (Active)

CRMLS #41089635

$450,000
Mar 15, 2025

Price Change

MLSListings #CC41089635

$475,000
Mar 15, 2025

Price Change

EBRD #41089635

$475,000
Mar 15, 2025

Price Change

MLSListings #CC41089635

$462,500
Mar 15, 2025

Price Change

EBRD #41089635

$462,500
Mar 15, 2025

Listed (Active)

EBRD #41056680

$975,000
Mar 15, 2025

Listed (Active)

MLSListings #CC41089635

$450,000
Mar 15, 2025

Listed (Active)

MLSListings #CC41056680

$975,000
Mar 15, 2025

Listed (Active)

EBRD #41089635

$450,000
Jan 31, 2025

Temporarily Off Market

EBRD #41056680

Jan 31, 2025

Temporarily Off Market

MLSListings #CC41056680

$1,000,000
Jan 30, 2025

Temporarily Off Market

CRMLS #41056680

Oct 24, 2024

Price Change

MLSListings #CC41056680

$1,000,000
Oct 24, 2024

Price Change

EBRD #41056680

$1,000,000
Oct 23, 2024

Price Change

CRMLS #41056680

$1,000,000
Apr 18, 2024

Listed (Active)

EBRD #41056680

$1,150,000
Apr 18, 2024

Listed (Active)

MLSListings #CC41056680

$1,150,000
Apr 18, 2024

Listed (Active)

CRMLS #41056680

$1,150,000
Aug 11, 2022

Withdrawn

RESFAR #40986087

$749,000
Aug 11, 2022

Withdrawn

MLSListings #CC40986087

Aug 11, 2022

Withdrawn

EBRD #40986087

May 18, 2022

Price Change

MLSListings #CC40986087

$749,000
May 18, 2022

Price Change

EBRD #40986087

$749,000
Mar 24, 2022

Price Change

RESFAR #40986087

$800,000
Mar 24, 2022

Listed (Active)

RESFAR #40986087

$750,000
Mar 24, 2022

Price Change

MLSListings #CC40986087

$800,000
Mar 24, 2022

Price Change

EBRD #40986087

$800,000
Mar 24, 2022

Listed (Active)

MLSListings #CC40986087

$750,000
Mar 24, 2022

Listed (Active)

EBRD #40986087

$750,000
Sep 2, 2016

Price Change

RESFAR #442768

$425,000
Sep 1, 2016

Expired

RESFAR #442768

Mar 1, 2016

Listed (Active)

RESFAR #442768

$475,000
May 1, 2006

Expired

RESFAR #40119497

$379,000
Apr 30, 2006

Expired

CLAW #40119497BR

Apr 30, 2006

Expired

RESFAR #297060

Oct 19, 2005

Listed (Active)

RESFAR #40119497

$379,000
Oct 18, 2005

Listed (Active)

CLAW #40119497BR

$379,000
Oct 14, 2005

Listed (Active)

RESFAR #297060

$379,000
Oct 10, 2005

Sold (Public Record)

Public Record #166252983

$220,000
DateEvent & SourcePrice
05/01/2025

Sold

CRMLS #41056680

$930,000
05/01/2025

Sold

EBRD #41089635

$455,000
05/01/2025

Sold

EBRD #41056680

$930,000
05/01/2025

Sold

MLSListings #CC41089635

$455,000
05/01/2025

Sold

MLSListings #CC41056680

$930,000
05/01/2025

Sold

CRMLS #41089635

$455,000
04/28/2025

Sold (Public Record)

Public Record #1556513494

$455,000
04/28/2025

Sold (Public Record)

Public Record #1556513494

$455,000

+3.8% / yr

04/10/2025

Contingent - Show

MLSListings #CC41056680

04/10/2025

Contingent - Show

EBRD #41056680

04/09/2025

Pending

CRMLS #41089635

04/09/2025

Contingent - Show

CRMLS #41056680

04/09/2025

Pending

MLSListings #CC41089635

04/09/2025

Pending

EBRD #41056680

04/09/2025

Pending

EBRD #41089635

04/09/2025

Pending

MLSListings #CC41056680

03/15/2025

Price Change

CRMLS #41089635

$475,000
03/15/2025

Listed (Active)

CRMLS #41089635

$450,000
03/15/2025

Price Change

MLSListings #CC41089635

$475,000
03/15/2025

Price Change

EBRD #41089635

$475,000
03/15/2025

Price Change

MLSListings #CC41089635

$462,500
03/15/2025

Price Change

EBRD #41089635

$462,500
03/15/2025

Listed (Active)

EBRD #41056680

$975,000
03/15/2025

Listed (Active)

MLSListings #CC41089635

$450,000
03/15/2025

Listed (Active)

MLSListings #CC41056680

$975,000
03/15/2025

Listed (Active)

EBRD #41089635

$450,000
01/31/2025

Temporarily Off Market

EBRD #41056680

01/31/2025

Temporarily Off Market

MLSListings #CC41056680

$1,000,000
01/30/2025

Temporarily Off Market

CRMLS #41056680

10/24/2024

Price Change

MLSListings #CC41056680

$1,000,000
10/24/2024

Price Change

EBRD #41056680

$1,000,000
10/23/2024

Price Change

CRMLS #41056680

$1,000,000
04/18/2024

Listed (Active)

EBRD #41056680

$1,150,000
04/18/2024

Listed (Active)

MLSListings #CC41056680

$1,150,000
04/18/2024

Listed (Active)

CRMLS #41056680

$1,150,000
08/11/2022

Withdrawn

RESFAR #40986087

$749,000
08/11/2022

Withdrawn

MLSListings #CC40986087

08/11/2022

Withdrawn

EBRD #40986087

05/18/2022

Price Change

MLSListings #CC40986087

$749,000
05/18/2022

Price Change

EBRD #40986087

$749,000
03/24/2022

Price Change

RESFAR #40986087

$800,000
03/24/2022

Listed (Active)

RESFAR #40986087

$750,000
03/24/2022

Price Change

MLSListings #CC40986087

$800,000
03/24/2022

Price Change

EBRD #40986087

$800,000
03/24/2022

Listed (Active)

MLSListings #CC40986087

$750,000
03/24/2022

Listed (Active)

EBRD #40986087

$750,000
09/02/2016

Price Change

RESFAR #442768

$425,000
09/01/2016

Expired

RESFAR #442768

03/01/2016

Listed (Active)

RESFAR #442768

$475,000
05/01/2006

Expired

RESFAR #40119497

$379,000
04/30/2006

Expired

CLAW #40119497BR

04/30/2006

Expired

RESFAR #297060

10/19/2005

Listed (Active)

RESFAR #40119497

$379,000
10/18/2005

Listed (Active)

CLAW #40119497BR

$379,000
10/14/2005

Listed (Active)

RESFAR #297060

$379,000
10/10/2005

Sold (Public Record)

Public Record #166252983

$220,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 516 First Street

Taxable ValueLand$96,722Additions$152,742Total$249,464
Tax Record2025$5,033 ($419 / month)
Home Facts
Total Finished SqFt1,837 SqFtAbove Grade Finished SqFt1,837 SqFtStories1Lot Size5,938 SqFtStyleStoresYear Built1949ZoningP-1CountyCONTRA COSTAAPN357-041-003-9

Schools near 516 First Street

This home is within John Swett Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Rodeo Hills Elementary School
PublicK to 5

Carquinez Middle School
Public6 to 8

John Swett High School
Public9 to 12

Willow High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BCRE, Davide Pio, DRE #01522969

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.