Investment Overview

G & G Apartments is a 40-unit apartment community located at 1461 163rd Avenue in the Ashland neighborhood of unincorporated Alameda County, near the city of San Leandro. This garden-style community was built in 1978 and consists of four two-story residential buildings and a single-story laundry building. Parking is provided by carports and open surface spaces. The improvements are situated on a 1.47-acre site for density of 27 units per acre. The property is not subject to the City of San Leandro Residential Rent Stabilization Ordinance. The community has one studio unit that measures 625 square feet, 24 one-bedroom units that are approximately 720 square feet, and 15 two-bedroom units with an average unit size of 840 square feet. The amenities package for G & G Apartments includes a swimming pool, laundry facilities, leasing office, and gated access. Ownership recently made extensive improvements to the property with new exterior paint, upgraded landscaping, sealing and striping the parking lot, and making balcony and walkway repairs required under SB 721.