$ 3,200,000
1461 150Th Ave San Leandro, CA 94578
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$ 3,200,000
Est. payment /mo
Active
1461 150Th Ave San Leandro, CA 94578
9,492 SqFt
UPDATED:
11/20/2024 08:33 AM
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,492 sqft
Price per Sqft $337
Subdivision North Bal
MLS Listing ID 41058446
HOA Y/N No
Year Built 1960
Lot Size 0.349 Acres
Acres 0.35
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 Listing
Rooms
Basement None
Interior
Interior Features Storage
Heating Natural Gas, Wall Furnace
Cooling Ceiling Fan(s)
Flooring Vinyl, Carpet
Fireplace No
Appliance Gas Water Heater
Laundry Coin Operated, Community Facility, Laundry Equip - Leased
Exterior
Total Parking Spaces 14
Building
Lot Description Regular, Landscape Front
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 77E160633,4
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Listed by Joseph Owens • Marcus & Millichap