1461 150Th Ave
San Leandro, CA 94578
$400,000.00 (-11.11%)
Active for $3,200,000
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 15,200 sqft
| MLS | 41058446 |
| Year Built | 1960 |
| Property Type | |
| County | Alameda |
| Status | Active |
| Active | $3,200,000 |
| 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: 5.77% (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.
Listing information courtesy of: Joseph Owens, Marcus & Millichap 925-808-9098. *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 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®
Shonda Ivory
REALTOR®
Direct: 661.406.7263
Email: Email Me
DRE: 01930749
DRE #01873088
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