1461-1475 150th Ave - Apartments FOR SALE
San Leandro, CA 94578 |
1461-1475 150th Ave
San Leandro, CA 94578
HIGHLIGHTS
- Located within the Bay Fair TOD Specific Plan Area (targeted infrastructure spending to increase walkability & vibrancy)
- Well maintained asset with long term tenancy on the market for the first time in three decades
- Strong unit mix with 8 two bedroom units and 6 one bedroom units
- Market Cap Rate: 7.66% / Market GRM: 9.32. Cash on Cash (estimate): 2.60% in Year 1, 9.80% in Year 5, 15.03% in Year 10
- Separately metered for gas and electricity and tenants pay their own garbage
- Walkable to grocery, Bay Fair BART, Target, CVS and BAYFAIR Center
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
1461-1475 150th
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
9492
STORIES
2
YEAR BUILT
1960
PARKING SPACES
14
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
077E-1606-003-03,077E-1606-003-04
