2712 Marina Blvd - Apartments FOR SALE


San Leandro, CA 94577- Mulford Gardens
$12,500,000 USD
510-304-8077
2712 Marina Blvd, San Leandro, CA for Sale
$12,500,000 USD
Apartments - FOR SALE
1/33
null | 6% Cap Rate

2712 Marina Blvd
San Leandro, CA 94577
Mulford Gardens


HIGHLIGHTS

  • Exceptional East Bay Investment Opportunity - opportunity to acquire a stunning multifamily asset in the thriving city of San Leandro.
  • Desirable Unit Mix - Marina Haven Apartments offers tenants beautifully designed three-bedroom and two-bedroom floor plans.
  • Beautifully Designed Unit Interiors - select units feature such as new flooring, blinds/drapes, stainless steel appliances, HVAC, & new doors/windows.
  • Extensive Exterior Capital Improvements - such as a roof replacement/repairs, fresh exterior paint, & upgraded fencing and security.
  • Notable Nearby Attractions - near popular attractions in the East Bay including Lake Chabot Park, Oyster Bay Shoreline, and the Zoo.

OVERVIEW

Marina Haven Apartments is an exceptional 36-unit investment opportunity located at 2712 & 2736 Marina Blvd in the thriving city of San Leandro, California. Situated on a 1.18 acre parcel of land, the subject property was originally constructed in 1965 and has a gross building area of approximately 39,116 square feet, offering its tenants beautifully designed three-bedroom and two-bedroom floor plans. Additionally, the subject property has undergone significant interior and exterior capital improvements. Select units feature upgrades such as new flooring, blinds/drapes, stainless steel appliances, air conditioning/ heating, doors and windows. Marina Haven Apartments has undergone significant exterior capital improvements such as a roof replacement/repairs, fresh exterior paint, upgraded fencing and security, new cement paving and much more. Marina Haven Apartments is nestled in Mulford Gardens, a diverse and vibrant neighborhood featuring a mix of residential streets, local businesses, and golf courses, offering a welcoming atmosphere for families and individuals. Its central location provides easy access to transportation and amenities, making it an ideal place to call home. The subject property also provides tenants convenient access to some of the East Bay's most popular attractions such as Lake Chabot Regional Park, Oyster Bay Regional Shoreline, and the Oakland Zoo. The investment appeal of this asset is driven by the San Leandro's strong employment fundamentals and low vacancy levels. With a world class location in the heart of the East Bay, Marina Haven Apartments presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

36

PRICE/UNIT

$347,222

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marina Haven Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

RO (PD)

APN/PARCEL ID

079A-0588-028-01

ASK ABOUT THIS PROPERTY

Robert JohnstonLevin JohnstonMore Info
510-304-8077

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Robert JohnstonLevin JohnstonMore Info
510-304-8077

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