1461 150Th Ave

San Leandro, CA 94578 $200,000.00 (-5.56%) Pending for $3,400,000
 


Beds: N/A  Baths:   Structure Size: N/A sqft  Lot Size: 15,200 sqft


Property Facts
MLS 41058446
Year Built 1960
Property Type
County Alameda
Status Pending
Pending $3,400,000
Structure Size N/A sqft
Lot Size 15,200 sqft
Beds N/A
Baths

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: 5.38% (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.

Listing information courtesy of: Joseph Owens, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of 11/09/2024 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


Walkscore

Very Walkable

85%

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