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Multifamily

Dalton Place

341 Castro St, San Leandro, CA 94577

Listing Price: $2,050,000

Cap Rate
4.58%
Number of Units
5
GRM
15.91
Occupancy
97.0%
Price/Unit
$410,000
Price/Gross SF
$468.68
Gross SF
4,374

Investment Overview

Dalton Place is a five-unit apartment building located in the heart of downtown San Leandro, one of the East Bays strongest core markets. The property offers tenants an attractive combination of a vibrant suburban downtown and access to transit and employment in a low-density setting.

The property was built in 1964 consisting of a single two-story building and sits on a 7,500 square foot lot. All five of the units are two-bedroom units of roughly 875 square feet for a total rentable square footage estimated at 4,374 square feet. Four of the units offer a townhouse style floorplan that demands a premium rental rate over typical apartments. Every townhouse unit has a private fenced patio and the standard apartment has a rear deck.

All five of the units have been fully renovated over the previous couple of years. Renovations include brand new kitchens with new cabinets, stainless steel appliances, granite counters and backsplashes as well as hard wood style flooring on the first floor and wall-to-wall carpet upstairs. A ratio utility billing system has been implemented at the property to control utility usage and offset utility expenses. Tenants also have access to extra storage lockers as well as a community laundry room.

341 Castro Street is a stable property in an ideal Bay Area location. The City of San Leandro has put many years into planning a smart, walkable sustainable and fun transit oriented downtown. Those plans include LIT (fiber optic network), the San Leandro Tech Campus, San Leandro BART and a reinvented downtown. 341 Castro Street is in the center of this resurgence and will continue to perform well as the city improves an already charming downtown.

Investment Highlights

  • All Five Units Have Been Fully Renovated, Four Units are Townhouse-Style Floorplans
  • Granite Counters, New Cabinets, and Hardwood-Style Flooring
  • Ratio Utility Billing System (RUBS) in Place for Additional Income

Exclusively Listed By

Listing Price: $2,050,000

Cap Rate
4.58%
Number of Units
5
GRM
15.91
Occupancy
97.0%
Price/Unit
$410,000
Price/Gross SF
$468.68
Gross SF
4,374

Investment Highlights

  • All Five Units Have Been Fully Renovated, Four Units are Townhouse-Style Floorplans
  • Granite Counters, New Cabinets, and Hardwood-Style Flooring
  • Ratio Utility Billing System (RUBS) in Place for Additional Income

Investment Overview

Dalton Place is a five-unit apartment building located in the heart of downtown San Leandro, one of the East Bays strongest core markets. The property offers tenants an attractive combination of a vibrant suburban downtown and access to transit and employment in a low-density setting.

The property was built in 1964 consisting of a single two-story building and sits on a 7,500 square foot lot. All five of the units are two-bedroom units of roughly 875 square feet for a total rentable square footage estimated at 4,374 square feet. Four of the units offer a townhouse style floorplan that demands a premium rental rate over typical apartments. Every townhouse unit has a private fenced patio and the standard apartment has a rear deck.

All five of the units have been fully renovated over the previous couple of years. Renovations include brand new kitchens with new cabinets, stainless steel appliances, granite counters and backsplashes as well as hard wood style flooring on the first floor and wall-to-wall carpet upstairs. A ratio utility billing system has been implemented at the property to control utility usage and offset utility expenses. Tenants also have access to extra storage lockers as well as a community laundry room.

341 Castro Street is a stable property in an ideal Bay Area location. The City of San Leandro has put many years into planning a smart, walkable sustainable and fun transit oriented downtown. Those plans include LIT (fiber optic network), the San Leandro Tech Campus, San Leandro BART and a reinvented downtown. 341 Castro Street is in the center of this resurgence and will continue to perform well as the city improves an already charming downtown.

Exclusively Listed By

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