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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.
Property Type(s):
Residential Income
| Last Updated | 11/13/2024 | Tract | NORTH BAL |
|---|---|---|---|
| Year Built | 1960 | County | Alameda |
Price History
| Prior to Nov 13, '24 | $3,400,000 |
|---|---|
| Nov 13, '24 - Today | $3,200,000 |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| APPLIANCES | Gas Water Heater |
| CONSTRUCTION | Brick Veneer, Stucco, Wood Siding |
| HEAT | Natural Gas, Wall Furnace |
| HOA DUES | 0 |
| LOT | 0.35 acre(s) |
| SUBDIVISION | NORTH BAL |
| TAXES | 45402 |
Location
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Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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