1461 150Th Ave Pending Save Request In-Person Tour Request Virtual Tour
San Leandro,CA 94578
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Pending
Purchase Type For Sale
Square Footage 9,492 sqft
Price per Sqft $358
Subdivision North Bal
MLS Listing ID 41058446
HOA Y/N No
Originating Board Bridge AOR
Year Built 1960
Lot Size 0.349 Acres
Property Description
Listing is for both 1461 & 1475 150th Ave in San Leandro. 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. Cap Rate: 5.38% (7.66% Market) / GRM: 12.00 (9.32 Market). Cash on Cash estimated at 2.60% in Year 1 to grow to an estimated 15.03% over 10-year hold.
Location
State CA
County Alameda
Interior
Heating Natural Gas,Wall Furnace
Cooling Ceiling Fan(s)
Flooring Vinyl,Carpet
Fireplace No
Appliance Gas Water Heater
Laundry Coin Operated,Community Facility,Laundry Equip - Leased
Exterior
Parking Type Covered,Space Per Unit - 1,Uncovered Park Spaces 2+
Building
Lot Description Regular,Landscape Front
Water Public