1461 150Th Ave, San Leandro, CA 94578
- $2,600,000
Listed by Joseph Owens, (925) 808-9098 from Marcus & Millichap
(If provided) CoList: from
Sold listing courtesy of Joseph Owens from OBOMM 01
- Sold Price
- $2,600,000
- List Price
- $3,200,000
- Closing Date
- Apr 29, 2025
- MLS#
- EB41058446
- Status
- SOLD
- Lot Size
- 15,200
- Listing Area
- San Leandro
- Year Built
- 1960
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: 5.77% (8.21% Market) / GRM: 11.32 (8.77 Market). Cash on Cash estimated at 2.96% in Year 1 to grow to an estimated 17.00% over 10-year hold.
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Additional Information
- Acres
- 0.35
- Age
- 64
- Amenities
- Storage Area(s)
- Cooling System
- Ceiling Fan
- Days On Market
- Unknown
- Exterior Features
- Stucco, Wood Frame, Brick Veneer
- Floor Covering
- Vinyl, Carpet - Wall to Wall
- Garage Parking
- Spaces per Unit - 1
- Heating System
- Gas, Wall Furnace
- Laundry Facilities
- Laundry Facility - Coin-Op, Washer/Dryer - Leased, Community Facility
- Lot Description
- Regular
- Lot Size
- 15,200
- Neighborhood
- San Leandro
- Numberof Units
- 14
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
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