2777 Marina Blvd - Apartments FOR SALE


San Leandro, CA 94577- Mulford Gardens
$12,500,000 USD
510-304-8077
2777 Marina Blvd, San Leandro, CA for Sale
$12,500,000 USD
Apartments - FOR SALE
1/36
null | 6.22% Cap Rate

2777 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 Plaza Apartments offers tenants beautifully designed three-bedroom and two-bedroom floor plans.
  • Extensive Exterior Capital Improvements - such as a roof replacement/repairs, fresh exterior paint, pool improvements, fencing and security, and more.
  • Notable Nearby Attractions - near some of the most popular attractions in the East Bay including Lake Chabot Park, Oyster Bay Park and the Zoo.

OVERVIEW

Marina Plaza Apartments is an exceptional 36-unit investment opportunity located at 2777 Marina Blvd in the thriving city of San Leandro, California. Situated on a 1.29 acre parcel of land, the subject property was originally constructed in 1968 and has a gross building area of approximately 37,996 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 Plaza Apartments has undergone significant exterior capital improvements such as a roof replacement/repairs, fresh exterior paint, pool improvements, upgraded fencing and security, new cement paving and much more. Marina Plaza 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 Plaza 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

$275 USD /SF

# OF UNITS

36

PRICE/UNIT

$347,222

CAP RATE

6.22%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marina Plaza Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

RO (PD)

APN/PARCEL ID

079A-0565-037-03

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.