1461 150Th Ave Pending

San Leandro,CA 94578

$ 3400000

- Bed

0 Bath

- SqFt


Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Subdivision North Bal

MLS Listing ID 41058446

HOA Y/N No

Year Built 1960

Annual Tax Amount $57,742

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

Fireplace No

Appliance Gas Water Heater

Exterior

Total Parking Spaces 14

Others

Tax ID 77E160633,4

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