350 Lafayette Ave - Apartments FOR SALE


San Leandro, CA 94577- Farrelly Pond District
$1,950,000 USD
510-454-9708
350 Lafayette Ave, San Leandro, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/12
null | 4.7% Cap Rate

350 Lafayette Ave
San Leandro, CA 94577
Farrelly Pond District


HIGHLIGHTS

  • Can be sold separately as a 5-unit property or combined with 185 Belleview as a 10-unit property
  • 185 Belleview is an adjacent 5-unit property with a separate parcel ID
  • Walking distance to BART, Old San Leandro and Estudillo Estates (Safeway, Zocalo Coffee, Paradiso)
  • Fully renovated in 2016 with updated kitchens and baths
  • Updated kitchens include: quartz counters, stainless steel appliances, new cabinets, undermount sinks
  • Units include: wood style floors, in-unit washer/dryer, electric thermostat

OVERVIEW

350 Lafayette is offered for sale along with 185 Belleview. The properties can be purchased separately as 5-unit buildings or together as a combined 10-unit property. 185 Belleview and 350 Lafayette consist of 10 units across two separate five-unit buildings. Originally built in 1943, both properties underwent a full renovation in 2016, when they were stripped to the studs and completely remodeled. Each unit features modern finishes including quartz counter tops, stainless steel appliances, updated kitchens and bathrooms, and in-unit washer/dryers. Both buildings also provide garage parking, with two garages available per property for select tenants, and each building received a new roof as part of the renovation, ensuring long-term durability and reduced maintenance costs.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

5

PRICE/UNIT

$390,000

CAP RATE

4.7%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1943

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

-

APN/PARCEL ID

075-0188-049-00

ASK ABOUT THIS PROPERTY

Joseph OwensMarcus & MillichapMore Info
510-454-9708

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Joseph OwensMarcus & MillichapMore Info
510-454-9708

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