37847 Niles Blvd - Apartments FOR SALE


Fremont, CA 94536- Niles
$5,005,000 USD
510-387-7049
37847 Niles Blvd, Fremont, CA for Sale
$5,005,000 USD
Apartments - FOR SALE
1/16
null | 4.47% Cap Rate

37847 Niles Blvd
Fremont, CA 94536
Niles


HIGHLIGHTS

  • Prime Fremont Location in Downtown Niles
  • Substantial Lot Size- Offering includes two parcels encompassing 25,265 SF
  • First Time on the Market in Over Thirty Years
  • Value Add Opportunity - Rents are significantly below market
  • Highly Sought After Rental Market located in the Heart of Silicon Valley

OVERVIEW

37847 Niles Blvd is an exceptional sixteen-unit apartment complex situated in the picturesque Niles Canyon area of Fremont, California. This property occupies a generous 0.58-acre lot and features a well-balanced unit mix, comprising eight one-bedroom, one-bath units and eight two-bedroom, one-bath units. Residents and guests benefit from ample dedicated parking, in addition to a vacant 3,000 SF lot, which presents opportunities for expanded parking or potential future development. The property's appealing configuration consists of eight two-bedroom, one-bath units, along with eight one-bedroom, one-bath units, catering to a diverse range of tenants. Located in the vibrant Downtown Niles neighborhood, residents enjoy the convenience of being within walking distance to attractions such as the Niles Canyon Railway, a variety of restaurants and cafes, and the Niles Essanay Silent Film Museum.

FOR SALE DETAILS

PRICE

$5,005,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

16

PRICE/UNIT

$312,813

CAP RATE

4.47%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DaCosta Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,172 SF

ZONING

C-C-H, Fremont

APN/PARCEL ID

507-0310-009-05

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 Policy.