Active
1461 150Th Ave
San Leandro CA, 94578
$3,400,000
$358.20 per sqft
Active
9,492 sqft
Multi-family
Built in 1960
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.
41058446
MLSⓇ ID
May 3, 2024
Listed
August 23, 2024
Updated
Map
1461 150Th Ave
San Leandro CA, 94578
Interior Features
Interior Features
Storage
Appliances
Gas Water Heater
Laundry Description
Coin Operated, Community Facility, Laundry Equip - Leased
Floor Description
Vinyl, Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s)
Heating
Yes
Heating Description
Natural Gas, Wall Furnace
Exterior/Building Features
Lot Size
0.35 Acres
Lot Features
Regular, Landscape Front
Sewer
Public Sewer
Other Property Details
Area Name
San Leandro
Garage
No
Parking
Covered, Space Per Unit - 1, Uncovered Park Spaces 2
Parking Total
14
View
No
County
Alameda
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
6/7/2024 | Price change | $3,400,000 -6% |
Listed by Joseph Owens with Marcus & Millichap
Listing Contact: 925-808-9098
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