$ 3,400,000
1461 150Th Ave San Leandro, CA 94578
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$ 3,400,000
Est. payment | /mo
0.35 Acres Lot
$ 3,400,000
Est. payment | /mo
0.35 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision North Bal
MLS Listing ID 41058446
HOA Y/N No
Year Built 1960
Annual Tax Amount $57,742
Lot Size 0.349 Acres
Property Description
Listing is for both 1461 & 1475 150th Ave in San Leandro. 1461 & 1475 150th consists of 14 total units, comprised of two seven-unit buildings on separate parcels. The two-story structures were built in 1960 and offer tenants 12 covered parking spaces, 2 surface parking spaces as well as a community laundry room. The building has been well maintained during the current ownership’s hold period spanning more than three decades. A new owner can unlock significant upside by modernizing the already well-maintained building exterior and common areas as well as renovating units to a modern style finish on unit turnover. Cap Rate: 5.38% (7.66% Market) / GRM: 12.00 (9.32 Market). Cash on Cash estimated at 2.60% in Year 1 to grow to an estimated 15.03% over 10-year hold.
Location
State CA
County Alameda
Interior
Heating Natural Gas, Wall Furnace
Fireplace No
Appliance Gas Water Heater
Exterior
Total Parking Spaces 14
Others
Tax ID 77E160633,4
Listed by Joseph Owens • Marcus & Millichap
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Valerie Condon
Partner | Lic# 680245