5464 Saint Mark AVE, Newark, CA 94560
- $4,850,000
- 11,600
- SqFt
Listed by David Katz, 408-438-0585 from Magnify Real Estate
(If provided) CoList: Eric Katz from Magnify Real Estate
- List Price
- $4,850,000
- MLS#
- ML82062259
- Status
- ACTIVE
- Sqft. of Residence
- 11,600
- Lot Size
- 24,870
- Listing Area
- Newark
- Year Built
- 1960
Property Description
Magnify is pleased to present 5464 Saint Mark Avenue, a 16-unit multifamily investment opportunity situated on a prominent corner parcel in Newark, immediately adjacent to Fremont. The property features an all 2BD/1BA unit mix totaling 11,600 SF on a large 0.57-acre lot, with significant rental upside through interior renovations and unit turnover. Shovel-ready plans and approved building permits to build four ADUs create a clear path to additional income and value. Additional highlights include dual-pane windows and individual water meters, allowing ownership to pass water costs through to tenants and providing protection from rising water expenses. Further upside exists through improved hands-on management, reduced management fees, and lower overhead expenses. Located within 1 mile of Fremont and approximately 10 minutes from Downtown Fremont, the property offers excellent connectivity throughout the greater East Bay and Peninsula, with convenient access to the I-84/Dumbarton Bridge, I-880, and the Tesla Factory only 15 minutes away. With a desirable unit mix, strong submarket, corner-lot positioning, and multiple avenues for NOI growth, 5464 Saint Mark Avenue presents an attractive opportunity for investors seeking current income and long-term value creation.
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Additional Information
- Acres
- 0.57
- Cooling System
- None
- Days On Market
- Unknown
- Foundation
- Post and Pier, Wood Frame
- Garage Parking
- Covered Parking
- Heating System
- Wall Furnace
- Laundry Facilities
- Coin Operated
- Living Area
- 11,600
- Lot Size
- 24,870
- Neighborhood
- Newark
- Other Utilities
- Public Utilities
- Roof
- Flat / Low Pitch, Tar and Gravel
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- RM
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