Listed by Ethan Berger of NAI Northern California
Well-maintained multifamily investment opportunity featuring an attractive assumable loan (approx. $3.5M balance at 3.95% fixed through Dec. 2029), extensive recent capital improvements, and a highly desirable unit mix of spacious 2-bedroom, 2-bathroom apartments. Recent upgrades include new siding and trim, fresh exterior paint, enhanced landscaping, and renovated units with updated kitchens, baths, flooring, lighting, appliances, and window improvements. Residents enjoy in-unit laundry hookups, forced-air heating, dishwashers, private patios/balconies, and gated covered parking. Centrally located in San Pablo with convenient access to Richmond BART, Contra Costa College, I-80, and major East Bay employment centers. Strong occupancy, reduced near-term capital needs, and no local rent control ordinance provide excellent operational flexibility and long-term growth potential.

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Property Details of 1640 23rd Street

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Based on information submitted to CRMLS as of June 23, 2026 10:51 PM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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