CA > San Leandro > North Bal
San Leandro, CA 94578,1461 150Th Ave
San Leandro, CA 94578,1461 150Th Ave
San Leandro, CA 94578,1461 150Th Ave
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Parisa Samimi

Parisa Samimi

+1(510) 410-4050
$3,200,000
Est. payment /mo
9,492 SqFt
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UPDATED:

12/05/2024 12:18 AM

Key Details

Property Type Commercial

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,492 sqft

Price per Sqft $337

Subdivision North Bal

MLS Listing ID 41058446

HOA Y/N No

Year Built 1960

Lot Size 0.349 Acres

Acres 0.35

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.

Location

State CA

County Alameda

Area Listing

Rooms

Basement None

Interior

Interior Features Storage

Heating Natural Gas, Wall Furnace

Cooling Ceiling Fan(s)

Flooring Carpet, Vinyl

Fireplace No

Appliance Gas Water Heater

Laundry Coin Operated, Community Facility, Laundry Equip - Leased

Exterior

Total Parking Spaces 14

Building

Lot Description Regular, Landscape Front

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 77E160633,4

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Bridge MLS
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Joseph Owens • Marcus & Millichap

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Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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1461 150Th Ave