3617 San Leandro
Oakland, CA 94601-3445
Active for $1,175,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 11,350 sqft
| MLS | 41071137 |
| Year Built | 1933 |
| Property Type | Quadruplex |
| County | Alameda |
| Status | Active |
| Active | $1,175,000 |
| Structure Size | N/A sqft |
| Lot Size | 11,350 sqft |
| Beds | N/A |
| Baths |
Description
www.3617sanleandrost.com; 4-unit mixed-use investment with excellent income upside and a variety of repositioning options. The current cap rate is 6.17% and the current GRM is 11.35 The offering includes a packaged sale of 3617 San Leandro St and 916 36th Ave in Oakland. 3617 San Leandro St is zoned for a light industrial and features one 2bd/1bth unit, one 1bd/1bth unit, a small retail space, and a large warehouse. The warehouse is connected to 916 36th Ave which is a tenant-occupied 2bd/1bth single-family home. The combined rental area for both buildings is 4,125 square feet with an approximate combined lot size of 11,350 square feet. The property is easy to manage and is separately metered for PG&E, with past tenants paying all water and garbage expense, providing for low future annual operating expenses. The entire property may be able to be delivered vacant with the exception of possibly one unit at 3671 San Leandro St. making this an ideal investment for an owner-user, investor, or extended family.
Listing information courtesy of: David Howarth, The Pinza Group, Inc . *Based on information from the Association of REALTORS/Multiple Listing as of 11/12/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Philip Abraham
REALTOR®
Direct: 818.730.1056
Email: Email Me
DRE: 02172129
DRE #01873088
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