CA > San Leandro
San Leandro, CA 94578,1461 150Th Ave
San Leandro, CA 94578,1461 150Th Ave
San Leandro, CA 94578,1461 150Th Ave
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Joel Martinez

Joel Martinez

+1(831) 230-0059
$3,200,000
Est. payment /mo
3 Beds
2 Baths
9,492 SqFt
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UPDATED:

12/04/2024 11:30 PM

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,492 sqft

Price per Sqft $337

MLS Listing ID EB41058446

Bedrooms 3

Originating Board Bridge MLS

Year Built 1960

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: 5.77% (8.21% Market) / GRM: 11.32 (8.77 Market). Cash on Cash estimated at 2.96% in Year 1 to grow to an estimated 17.00% over 10-year hold.

Location

State CA

County Alameda

Area Other Area

Interior

Heating Gas, Wall Furnace

Cooling Ceiling Fan

Flooring Vinyl, Carpet - Wall to Wall

Laundry Laundry Facility - Coin-Op, Washer/Dryer - Leased, Community Facility

Exterior

Exterior Feature Stucco, Wood Frame, Brick Veneer

Parking Features Spaces per Unit - 1

Garage Spaces 14.0

Building

Lot Description Regular

Sewer Sewer - Public

Water Public, Heater - Gas

Others

Tax ID 77E-160-6334

Special Listing Condition Not Applicable

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Listed by Joseph Owens • Marcus & Millichap

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agent

Joel Martinez

+1(831) 230-0059

Property Connection Specialist | License ID: 02338033

Property Connection Specialist License ID: 02338033

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