858-525-5007

1461 150Th Ave, San Leandro CA 94578 | $3,200,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 15200 Lot Sq Ft
  • Type:
  • Stories: 0
  • Year Built: 1960
  • MLS#: 41058446
  • Community:

Listing provided courtesy of Joseph Owens of Marcus & Millichap. Last updated 2024-11-14 09:12:00.000000. Listing information © 2024 SANDICOR.

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.

More Details

0.35 Acres

David Piper​

Call or Text: 858-525-5007

DRE# 02021985