516 First St

Rodeo, CA 94572

$930,000
Last Sold Price
—
Beds
—
Baths
4,942 Sq. Ft.
$188 / Sq. Ft.
4,942
Sq. Ft.
$188
per Sq. Ft.
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Sold 5/1/25
Sold 5/1/25
an aerial view of a house with a terrace

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.

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 CLOSED: 05/01/2025 12:00 AM

Property Details for 516 First Street

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

Payment Calculator

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$6,240 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,634

Property Taxes

$1,606

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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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—
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

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

Public Records for 516 First Street

Taxable ValueLand$127,500Additions$336,600Total$464,100
Tax Record2025$5,033 ($419 / month)
Home Facts
Total Finished SqFt1,837 SqFtAbove Grade Finished SqFt1,837 SqFtStories1Lot Size5,938 SqFtStyleStoresYear Built1949Year Renovated1949ZoningP1CountyCONTRA COSTAAPN357-041-003

Schools near 516 First Street

This home is within John Swett Unified School District.
Rating
School
Type
Grades
Distance
Rodeo Hills Elementary School
Public - K to 5
Carquinez Middle School
Public - 6 to 8
John Swett High School
Public - 9 to 12
Willow High School
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 any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. 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.