2090 Marina Blvd - Apartments FOR SALE


San Leandro, CA 94577- Mulford Gardens
$1,795,000 USD
408-909-8629
2090 Marina Blvd, San Leandro, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/29
null | 6.71% Cap Rate

2090 Marina Blvd
San Leandro, CA 94577
Mulford Gardens


HIGHLIGHTS

  • One 4bd/2bth SFH & Four 2bd/1bth Apartments
  • New Roof, New Fence, Earthquake Retrofitting, Fresh Paint and Covered Side Yard
  • Expansive Lot Perfect for ADUS, 2:1 Off Street Parking, Private Storage, & More
  • Current Rents Roughly 10% Below Market Rate, Providing Excellent Upside Potential
  • 8.01% Market Cap & 9.79 Market GRM
  • Excellent Mulford Gardens Location Walkable to Coffee Shops, Eateries, Shopping, Parks and I-880

OVERVIEW

Showing: Saturday 05/17 from 12:00pm - 2:00pm. 2090 Marina Boulevard presents investors with an opportunity to own a unique property, ideally located in the Milford Gardens neighborhood of San Leandro, CA, featuring a 1,500 sq. ft. 4bd/2bth single family home and four 2bd/1bth units, built in 1962. The buildings are 100% occupied by stable and paying tenants with over 10% in annual upside potential. The property is set on a spacious 14,800 SF lot, boasting a 2:1 off-street parking ratio and storage sheds for each unit and a large garage that is rented for additional income. Various improvements have been completed recently, including: new roofs, earthquake retrofitting, fresh paint, and a covered side yard.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$359 USD /SF

# OF UNITS

5

PRICE/UNIT

$359,000

CAP RATE

6.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Showing: Sat 5/17 from 12:00pm-2:00pm

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

N/Av, San Leandro

APN/PARCEL ID

079A-0569-019-00

ASK ABOUT THIS PROPERTY

Alec MatutPinza GroupMore Info
408-909-8629

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Alec MatutPinza GroupMore Info
408-909-8629

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.