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Multifamily

1461-1475 150th

1461-1475 150th Ave, San Leandro, CA 94578

Listing Price: $3,600,000

Cap Rate
5.01%
Number of Units
14
GRM
12.71
Occupancy
95.0%
Price/Unit
$257,143
Price/Gross SF
$379.27
Gross SF
9,492

Investment Overview

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.

Investment Highlights

  • Well maintained asset with long term tenancy on the market for the first time in three decades
  • Strong unit mix with 8 two bedroom units and 6 one bedroom units
  • Located within the Bay Fair TOD Specific Plan: Bayfair Center and East 14th Street infrastructure improvements will improve neighborhood and BART access

Exclusively Listed By

Multifamily

1461-1475 150th

Listing Price: $3,600,000

Cap Rate
5.01%
Number of Units
14
GRM
12.71
Occupancy
95.0%
Price/Unit
$257,143
Price/Gross SF
$379.27
Gross SF
9,492

Investment Highlights

  • Well maintained asset with long term tenancy on the market for the first time in three decades
  • Strong unit mix with 8 two bedroom units and 6 one bedroom units
  • Located within the Bay Fair TOD Specific Plan: Bayfair Center and East 14th Street infrastructure improvements will improve neighborhood and BART access

Investment Overview

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.

Exclusively Listed By

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