Active

1461 150Th Ave

San Leandro CA, 94578

$3,600,000


$379.27 per sqft

Active

9,492 sqft

Commercial

Built in 1960

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. Market Cap Rate: 7.16% / Market GRM: 9.87.

41058446

MLS ID

May 3, 2024

Listed

May 17, 2024

Updated

Map

1461 150Th Ave
San Leandro CA, 94578

Interior Features

Interior Features

Storage


Appliances

Gas Water Heater


Laundry Description

Coin Operated, Community Facility, Laundry Equip - Leased


Floor Description

Vinyl, Carpet


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

Yes


Heating Description

Natural Gas, Wall Furnace

Exterior/Building Features

Lot Size

0.35 Acres


Lot Features

Regular, Landscape Front


Roof

Flat


Sewer

Public Sewer

Other Property Details

Area Name

San Leandro


Garage

No


Parking

Covered, Space Per Unit - 1, Uncovered Park Spaces 2


View

No


County

Alameda


Water Source

Public


Pool

No


Buyer Agency Compensation

1%

Listed by Joseph Owens with Marcus & Millichap
Listing Contact: 925-808-9098 

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