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Multifamily

107 Euclid Ave

107 Euclid Ave, San Leandro, CA 94577

Listing Price: $3,180,000

Cap Rate
3.31%
Number of Units
8
Price/Unit
$397,500

Investment Overview

107 Euclid Avenue is an eight-unit townhouse-style apartment building located on a one-way, quiet residential street in the heart of downtown San Leandro, one of the East Bay’s strongest core markets. San Leandro has been one of the shining stars in the COVID economy with incredibly strong single-family and multi-residential markets. 107 Euclid Avenue offers residents an attractive combination of a vibrant suburban downtown with access to education, area transportation and employment in a low-density setting. Constructed in 1967, the property consists of one wrap-around wood frame/stucco building on an approximately 12,000-square foot lot. Eight on-site covered parking spaces and four open parking spaces offer residents security and convenience. The two-story building contains an incredible mix of two- and three-bedroom townhouse-style units with one-and-one-half bathrooms of approximately 1,080 to 1,500 square feet. The units feature full-size washer and dryer hook-ups, guest bathrooms on the first floors, an open living concept, fire places (capped in unit 3), pedestal dining and large back patios. Half of the townhouse units having received extensive renovations (see Capital Improvement Highlights). In addition to an already impressive mix, 107 Euclid Avenue has two units (4 and 5) that are two-bedroom/one-bath (Jack & Jill) flats of approximately 1,200 square feet. Unit 4 has been renovated with the same interior and finishes and includes an additional bonus of an open kitchen design and a separate dining room with a skylight. These highly desirable second-story units also come with full-size washer and dryer hook-ups and 220V outlets. All units are all electric, individually metered for electricity and master metered for water. Heating consists of wall heating units and controls, per zone by thermostat in the respective rooms. The townhouse units offer extra large, secured back patios with sliding door access. All of the property’s windows and sliding doors were replaced in 2020/2021 with high grade white vinyl windows and sliding doors (see Capital Improvement Highlights). 107 Euclid Avenue offers today’s investor the rare opportunity to purchase a turnkey (meticulously renovated) East Bay multi-residential property with a real potential rental upside of approximately 27 percent.

Investment Highlights

  • Spacious Townhouse-Style Units with First Floor Guest Bathroom
  • 12 On-Site Parking Spaces (Eight Covered, Four Open)
  • San Leandro BART Station One Mile Away

Exclusively Listed By

Financing By

Listing Price: $3,180,000

Cap Rate
3.31%
Number of Units
8
Price/Unit
$397,500

Investment Highlights

  • Spacious Townhouse-Style Units with First Floor Guest Bathroom
  • 12 On-Site Parking Spaces (Eight Covered, Four Open)
  • San Leandro BART Station One Mile Away

Investment Overview

107 Euclid Avenue is an eight-unit townhouse-style apartment building located on a one-way, quiet residential street in the heart of downtown San Leandro, one of the East Bay’s strongest core markets. San Leandro has been one of the shining stars in the COVID economy with incredibly strong single-family and multi-residential markets. 107 Euclid Avenue offers residents an attractive combination of a vibrant suburban downtown with access to education, area transportation and employment in a low-density setting. Constructed in 1967, the property consists of one wrap-around wood frame/stucco building on an approximately 12,000-square foot lot. Eight on-site covered parking spaces and four open parking spaces offer residents security and convenience. The two-story building contains an incredible mix of two- and three-bedroom townhouse-style units with one-and-one-half bathrooms of approximately 1,080 to 1,500 square feet. The units feature full-size washer and dryer hook-ups, guest bathrooms on the first floors, an open living concept, fire places (capped in unit 3), pedestal dining and large back patios. Half of the townhouse units having received extensive renovations (see Capital Improvement Highlights). In addition to an already impressive mix, 107 Euclid Avenue has two units (4 and 5) that are two-bedroom/one-bath (Jack & Jill) flats of approximately 1,200 square feet. Unit 4 has been renovated with the same interior and finishes and includes an additional bonus of an open kitchen design and a separate dining room with a skylight. These highly desirable second-story units also come with full-size washer and dryer hook-ups and 220V outlets. All units are all electric, individually metered for electricity and master metered for water. Heating consists of wall heating units and controls, per zone by thermostat in the respective rooms. The townhouse units offer extra large, secured back patios with sliding door access. All of the property’s windows and sliding doors were replaced in 2020/2021 with high grade white vinyl windows and sliding doors (see Capital Improvement Highlights). 107 Euclid Avenue offers today’s investor the rare opportunity to purchase a turnkey (meticulously renovated) East Bay multi-residential property with a real potential rental upside of approximately 27 percent.

Exclusively Listed By

Financing By

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