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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$3,200,000
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0.35 Acres Lot
Price Dropped by $200K

1461 150Th Ave San Leandro, CA 94578

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Jerry And Rachel Team Hsieh

Jerry And Rachel Team Hsieh

+1(424) 242-8856

UPDATED:

11/20/2024 01:12 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision North Bal

MLS Listing ID 41058446

HOA Y/N No

Year Built 1960

Annual Tax Amount $45,402

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: 5.77% (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

Interior

Heating Natural Gas, Wall Furnace

Fireplace No

Appliance Gas Water Heater

Exterior

Total Parking Spaces 14

Others

Tax ID 77E160633,4

California Regional MLS (CRMLS)
Listed by Joseph Owens • Marcus & Millichap

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Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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1461 150Th Ave

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