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3421-3427 California, Pittsburgh, PA 15212

Pittsburgh
Local realty services provided by:CENTURY 21 Rise Realty
3421-3427 California,Pittsburgh, PA 15212
$1,100,000
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  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: james schons
Office: real of pennsylvania
MLS#:1775676
Source:PA_WPN

Price summary

  • Price:$1,100,000

About this home

12-Unit Value-Add Portfolio | 3 Units Vacant | Path to 9.11% Cap | Pittsburgh's Brighton Heights PROPERTY DESCRIPTION 3421 & 3427 California Avenue, Pittsburgh, PA 15212 | Asking $1,100,000 This two-building, 12-unit apartment portfolio offers investors a rare combination of stable in-place income and immediate value-add upside in Pittsburgh's established Brighton Heights neighborhood. Three units are currently vacant, creating a direct path to restoring pro forma NOI of $100,220/year and a 9.11% cap rate — simply by leasing up to historical occupancy. 3421 California Avenue (8 units) and 3427 California Avenue (4 units) are offered together as a contiguous package on the same block. Both buildings were constructed circa 1910 and feature classic Pittsburgh brick construction, original hardwood millwork, and cast-iron radiator heating systems — built to last and low on structural capital requirements. The portfolio currently generates $7,411/month ($88,932/year) in gross...

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Home facts

  • Year built:1910
  • Listing ID #:1775676
  • Added:8 day(s) ago
  • Updated:October 01, 2026 at 10:13 AM

Rooms and interior

  • Basement:Yes

Structure and exterior

  • Year built:1910
  • Lot area:0.66 Acres
  • Construction Materials:Brick

Finances and disclosures

  • Price:$1,100,000
  • Tax amount:$6,350
MLS LogoLast Updated October 1, 2026. Information deemed reliable but not guaranteed. Information is provided exclusively for consumers' personal, non-commercial 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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