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Multifamily

1574 & 1586 Pacific Ave

1586 Pacific Ave, San Leandro, CA 94577

Listing Price: $3,300,000

Cap Rate
6.62%
Number of Units
16
GRM
7.81
Occupancy
97.0%
Price/Unit
$206,250
Price/Gross SF
$563.24
Gross SF
5,859

Investment Overview

Marcus & Millichap is pleased to present 1574–1586 Pacific Avenue, a 16-unit multifamily investment opportunity located in the heart of San Leandro. The property features a desirable unit mix consisting of one (1) 3-bedroom/1-bathroom unit, thirteen (13) 2-bedroom/1-bathroom units, and two (2) 1-bedroom/1-bathroom units. The property also offers tuck-under parking and two on-site laundry rooms, providing convenience for residents.

Situated less than one mile from the San Leandro BART Station, the property offers excellent connectivity throughout the Bay Area and convenient access to Interstates 880, State Route 112, and State Route 185, making it an attractive option for commuters. The location is also within close proximity to Halkin Elementary School, John Muir Middle School, and Lincoln High School, as well as nearby shopping, dining, and everyday conveniences.

Offering a strong predominance of spacious two-bedroom units in a well-established rental market, 1574–1586 Pacific Avenue presents investors with a compelling value-add opportunity to renovate units and enhance the property's long-term income potential. Its central East Bay location, commuter-friendly accessibility, and favorable unit mix position the asset for future appreciation and operational upside.

Investment Highlights

  • Covered Parking
  • Two On-Site Laundry Rooms
  • Central Bay Area Location

Exclusively Listed By

Multifamily

1574 & 1586 Pacific Ave

Listing Price: $3,300,000

Cap Rate
6.62%
Number of Units
16
GRM
7.81
Occupancy
97.0%
Price/Unit
$206,250
Price/Gross SF
$563.24
Gross SF
5,859

Investment Highlights

  • Covered Parking
  • Two On-Site Laundry Rooms
  • Central Bay Area Location

Investment Overview

Marcus & Millichap is pleased to present 1574–1586 Pacific Avenue, a 16-unit multifamily investment opportunity located in the heart of San Leandro. The property features a desirable unit mix consisting of one (1) 3-bedroom/1-bathroom unit, thirteen (13) 2-bedroom/1-bathroom units, and two (2) 1-bedroom/1-bathroom units. The property also offers tuck-under parking and two on-site laundry rooms, providing convenience for residents. Situated less than one mile from the San Leandro BART Station, the property offers excellent connectivity throughout the Bay Area and convenient access to Interstates 880, State Route 112, and State Route 185, making it an attractive option for commuters. The location is also within close proximity to Halkin Elementary School, John Muir Middle School, and Lincoln High School, as well as nearby shopping, dining, and everyday conveniences. Offering a strong predominance of spacious two-bedroom units in a well-established rental market, 1574–1586 Pacific Avenue presents investors with a compelling value-add opportunity to renovate units and enhance the property's long-term income potential. Its central East Bay location, commuter-friendly accessibility, and favorable unit mix position the asset for future appreciation and operational upside.

Exclusively Listed By

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