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1539 Humboldt Ave is an 5-unit, 100% occupied multifamily asset in San Pablo priced at $300,00 per unit. In-place rents average $2,190 per month against $2,250 market rent. The deal trades at a 5.3% in-place cap rate (12.12x GRM), with a 5.68% pro forma cap rate (11.54x GRM) once rents reach market. The unit mix is uniform: four 830-square-foot two-bedroom, one-bath residences, most with full-size washer/dryer hookups and one larger unit at 900-square feet. Built in 1970, the property sits on a 6,000 SF lot at the end of a cul-de-sac. with 3,304 square feet of building and 7 surface parking spaces. The property has direct access to Interstate 880 and proximity to Interstate 580 and the Richmond-San Rafael Bridge, connecting thenants to Richmond, El Cerrito, San Rafael, and the broader Bay Area. El Cerrito Del Norte BART is a 10-minute drive, putting San Francisco roughly an hour away by transit. Shopping, entertainment, schools and parks are all nearby.
| Last Updated | 8/23/2026 | Tract | SAN PABLO PROP |
|---|---|---|---|
| Year Built | 1960 | County | Contra Costa |
Additional Details
| AIR | None |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Stucco |
| HEAT | Wall Furnace |
| LOT | 5998 sq ft |
| LOT DIMENSIONS | 6000 |
| SUBDIVISION | SAN PABLO PROP |
| TAXES | 18618 |
Location
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