2615 Marina Blvd - Apartments FOR SALE


San Leandro, CA 94577- Mulford Gardens
$6,980,000 USD
510-387-7049
2615 Marina Blvd, San Leandro, CA for Sale
$6,980,000 USD
Apartments - FOR SALE
1/24
null | 6.03% Cap Rate

2615 Marina Blvd
San Leandro, CA 94577
Mulford Gardens


HIGHLIGHTS

  • Rare Two Bedroom TWO BATH units
  • Solar Panels to offset common area lighting expenses
  • Spacious balconies and patios
  • Prime location one block away from the Marina and two scenic golf courses
  • Situated on a massive 1-Acre Lot

OVERVIEW

Kidder Mathews is pleased to present Newport Apartments, a 28-unit community located in San Leandro. Located steps from Monarch Bay Golf Club, this expansive property spans nearly an acre with 17,710 square feet of rentable space. Built in 1965, Newport Apartments offers 18 one-bedroom, one-bath units and 10 two-bedroom, two-bath units. Amenities include 35 surface parking spaces, a community laundry room, and spacious patios and balconies. Meticulously maintained for two decades, the property presents opportunities for a new owner to upgrade exterior, common areas, and units with modern touches. Ideally situated near 880, it provides easy access to major Bay Area employment centers. Perfect for young professionals and families, Newport Apartments is close to Monarch Bay Golf Club, Tony Lema Golf Course, Marina Park, Kaiser Hosptial, and Marina Square Center with prominent retail brands.

FOR SALE DETAILS

PRICE

$6,980,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

28

PRICE/UNIT

$249,286

CAP RATE

6.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Newport Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,333 SF

ZONING

N/Av, San Leandro

APN/PARCEL ID

079A-0565-027-00

ASK ABOUT THIS PROPERTY

Louis KwokKidder MathewsMore Info
510-387-7049

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Louis KwokKidder MathewsMore Info
510-387-7049

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